- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Texas Athletic Department in debt?
Posted on 9/15/11 at 11:36 am
Posted on 9/15/11 at 11:36 am
2
Posted on 9/15/11 at 11:57 am to relapse98
Yea. Over $200M. Where is Dr. Drunk who rags on A&M for taking a $16M interest free loan and for not providing tp to dorms anymore?
Posted on 9/15/11 at 12:02 pm to Big Kat
Just like Dr Drunkystain, a Longhorn, to point out the fleck ($16M) in A&M's eye while ignoring the plank ($225M+) in his own.
Do you think we could take up a collection for DeLoss Dodds and UT Athletics? I will offer up $10, or the price of ten SFA vs Baylor tickets
Do you think we could take up a collection for DeLoss Dodds and UT Athletics? I will offer up $10, or the price of ten SFA vs Baylor tickets
This post was edited on 9/15/11 at 12:10 pm
Posted on 9/15/11 at 12:07 pm to relapse98
don't all programs carry some debt? I know our Tiger Athletic Foundation does (we have had many projects lately), but not sure if the LSU Athletic Department has any debt, per se.
Posted on 9/15/11 at 12:18 pm to Chicken
Yes, most programs carry debt. But the point is UTa blasted A&M for taking a 16M interest free loan from the university. Every talking head in Texas claimed we were in trouble of going bankrupt. All the while, UTa has over $200M in debt. I do not believe that number is normal!
Posted on 9/15/11 at 1:10 pm to Big Kat
Kentucky's athletic department operates in the black, but of course we don't fully fund a competitive football program.
Posted on 9/15/11 at 1:28 pm to TheFolker
You need to pay your football players more. Your BB team makes too much.
Posted on 9/15/11 at 1:45 pm to ShrevetownTiger
This is the 2nd time I've seen this today, and it
's just as GD stupid as the first time.
EVERY school finances their big projects (like practice facilities, stadium expansions) with long-term debt. Profits over operating expenses + alumni donations to athletic funds pay these bonds off over time (at low interest rates).
The infamous A&M loan was from the university to athletic dept. because they foresaw that wouldn't have cash on hand to cover expenses and obligations on the horizon.
I still don't think the A&M loan was a big deal, but it looked bad when juxtaposed with relentless tuition hikes and talks of faculty having to justify their positions (google Jeff Sandefer and Texas Public Policy Foundation). But to equate the 2 is just dumb.
's just as GD stupid as the first time.
EVERY school finances their big projects (like practice facilities, stadium expansions) with long-term debt. Profits over operating expenses + alumni donations to athletic funds pay these bonds off over time (at low interest rates).
The infamous A&M loan was from the university to athletic dept. because they foresaw that wouldn't have cash on hand to cover expenses and obligations on the horizon.
I still don't think the A&M loan was a big deal, but it looked bad when juxtaposed with relentless tuition hikes and talks of faculty having to justify their positions (google Jeff Sandefer and Texas Public Policy Foundation). But to equate the 2 is just dumb.
Posted on 9/15/11 at 1:46 pm to Chicken
quote:
don't all programs carry some debt? I know our Tiger Athletic Foundation does (we have had many projects lately), but not sure if the LSU Athletic Department has any debt, per se.
As of June 30, 2010, the LSU Athletic Department had $80 million in debt, about half of which was for construction of Alex Box and the softball stadium. TAF had about $125 million which was for the construction of both the east and west upper decks of Tiger Stadium and the Football Operations Center.
Pages 19 & 20
Posted on 9/15/11 at 2:03 pm to Brummy
Most schools have debt. Foley has always been vocal about not letting the debt be more than $100 million at any one time.
Posted on 9/15/11 at 2:11 pm to bgator85
quote:right...the only issue with debt is when there is a budget deficit and you won't be able to pay down the debt as expected (see US Government).
Most schools have debt. Foley has always been vocal about not letting the debt be more than $100 million at any one time.
Posted on 9/15/11 at 2:18 pm to Chicken
Everybody carries debt, but that is a pretty large debt. That $15 million from the LHN is important to them in that it alone would basically service that debt and free up some other money for other purposes.
Posted on 9/15/11 at 2:21 pm to Olive
TCU says you are wrong.
Posted on 9/15/11 at 2:30 pm to Geaux Frogs
quote:
TCU says you are wrong.
Yeah well, not every school charges over 700$ a credit hour.
Posted on 9/15/11 at 3:02 pm to Hawgon
Texas athletics are only getting 3.4M for the first few years. About 7.5M goes to academics and the rest to IMG.
Posted on 9/15/11 at 3:18 pm to LSUisjustOK
I see what you are saying, but academics and athletic capital improvements are not co-mingled. TCU funded their football stadium renovation, new weight room, and new baseball stadium over the past decade with private donations, debt free. The $1100/hr does not cover those projects.
I am a finance guy, so I understand financing capital improvements with long term debt, but I was just commenting for the posters stating EVERY school uses debt for that stuff.
There is no right or wrong way to do it, it was just a playful jab!
I am a finance guy, so I understand financing capital improvements with long term debt, but I was just commenting for the posters stating EVERY school uses debt for that stuff.
There is no right or wrong way to do it, it was just a playful jab!
Posted on 9/15/11 at 3:21 pm to Geaux Frogs
quote:
I see what you are saying, but academics and athletic capital improvements are not co-mingled.
I know, it was jest. I like TCU. More schools should put off new toys until they raise the money for them.
quote:
The $1100/hr does not cover those projects.
Are you serious with the 1100/hr? When I was applying for college I thought the 650/hr was way too much.
Posted on 9/15/11 at 3:35 pm to Olive
quote:
EVERY school finances their big projects (like practice facilities, stadium expansions) with long-term debt. Profits over operating expenses + alumni donations to athletic funds pay these bonds off over time (at low interest rates).
as simple as that and true of all public institutions. "pay as you go", ie, no debt at all ceased about 100 years ago. to me $200 mil. in debt for a program that derives about $100 mil in revenues every year is really not bad at all. the dept. is still making handsome profits.
Posted on 9/15/11 at 3:40 pm to LSU GrandDad
UT's debt level will be fine--as long as they keep raking in the same money they do now. That means they need a nice chunk of change from Tier 1 and Tier 2 TV contracts, and they need tickets sales (particularly suite and club seat sales) to remain strong. I think their aversion to a tough league is partly driven by their financial model--a succession of underperforming seasons would seriously crimp their style, as the first obligation for revenue is payment of that debt service.
Posted on 9/15/11 at 4:05 pm to Big Kat
quote:
Yea. Over $200M. Where is Dr. Drunk who rags on A&M for taking a $16M interest free loan and for not providing tp to dorms anymore?
Big Kat, I am truly embarrassed for you. I think most people here know the difference between long term debt for financing major capital expenditures and a panic-fueled injection of cash to cover day-to-day operations so that the athletics department can actually fund its payroll and pay for postage and things like that.
Speaking of claims we both made, remember when you said that there would be no political roadblocks this realignment go 'round and Baylor would roll over and wouldn't stand in the way of A&M going to the SEC? How many days has Baylor had you by the balls now? I also thought you would like this gem:
LINK
quote:
: President Bill Clinton’s nemesis Kenneth Starr, now president of Baylor University in Waco, Texas, is on Capitol Hill today lobbying more than two dozen members of Congress about the preservation of college sports’ floundering Big 12 athletic conference, among other education issues.
I don't think any one person on this board has been more wrong about a particular realignment issue than you.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News