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Message
re: 2023 LSU WBB won Natty but lost nearly $8M
Posted on 1/29/24 at 1:00 pm to Broski
Posted on 1/29/24 at 1:00 pm to Broski
I worked for the Legislative Auditor's Office. This is everything or the AD committed fraud and will go to jail. We usually do make money, a surplus. The only other money losing year I can remember was 2020, the covid year, when we didn't sell tickets. So the surplus from other years enables them to cover the deficit. It is only when you have losing years for three or four years that you are in big trouble. But it is amazing that we had a losing year when the football team brought in more revenue than ever.
1
Posted on 1/29/24 at 1:02 pm to Broski
I didn't say last year. I said starting this year.
Posted on 1/29/24 at 1:03 pm to FLBooGoTigs1
quote:
I didn't say last year. I said starting this year.
And I'm saying I'll bet you $7.8m that they continue to operate in the red.
Posted on 1/29/24 at 1:06 pm to Broski
Well shite if this was over on the OT i would take that bet but we ain't. 
How in the fuq can a sport which sells out or has great attendance almost every game lose that much money? Especially a national champion.
How in the fuq can a sport which sells out or has great attendance almost every game lose that much money? Especially a national champion.
Posted on 1/29/24 at 1:08 pm to Broski
quote:
You're wild if you think LSU is operating under a net loss and still giving out these contracts.
LSU has as much “frick you money” as boosters are willing to give them. Thats how they pay for these contracts. But Handsome Pete should be here any minute to say that boosters don’t pay salaries and buyouts, even though it’s widely known that they do.
This post was edited on 1/29/24 at 1:11 pm
Posted on 1/29/24 at 1:11 pm to FLBooGoTigs1
quote:
No way the women's basketball team is losing money starting this year. Guarantee Kim Mulkey will be operating in the black as long as she is here.
Not true. Uconn wbb program loses money. Tenn lost money when they were winning championships under Pat Summitt. The reason why is the lack of tv revenue. Wbb, baseball, softball and gym don't have its own tv deal like football and mbb.
Posted on 1/29/24 at 1:12 pm to Tom Bronco
quote:
I worked for the Legislative Auditor's Office. This is everything or the AD committed fraud and will go to jail. We usually do make money, a surplus. The only other money losing year I can remember was 2020, the covid year, when we didn't sell tickets. So the surplus from other years enables them to cover the deficit. It is only when you have losing years for three or four years that you are in big trouble. But it is amazing that we had a losing year when the football team brought in more revenue than ever.
The Athletic Department would have finished in the black, but the Athletic Dept. transferred $5,240,241.00 to the institution.
That transfer is noted on the bottom line of the audit.
One thing people need to understand, thd Athletic Dept. is not in business to turn a profit. Like all government entities they are going to spend all that they take in if they can. Their goal is to do that, and win championships.
Posted on 1/29/24 at 1:12 pm to TheDeathValley
quote:
Yeah but the exposure the women's hoops team gave the university has no price tag.
quote:
Just the Reese/Clark drama alone got enough clicks for LSU to recoup that $8m.
These are just sayings with no meaning.
There's always a price tag.
what the hell does a click have to do with LSU recouping money?
And i'm not complaining about losing money on WBB. That doens't bother me at all. I want us to be the best in every sport. We make more than enough money from football to compete in every other sport.
Posted on 1/29/24 at 1:18 pm to TeddyPadillac
quote:
These are just sayings with no meaning.
People will sit here and say there’s is no way to quantify the money that Mulkey and the WBB brings in due to the exposure while also guaranteeing that it’s more than $8 million…
Posted on 1/29/24 at 1:18 pm to GeorgeWest
quote:Baseball turns a small profit every year. One of the few colleges that does for the sport.
Most men's sports lose $$$ as well. At LSU, only fball and MBB made money in 2023.
This post was edited on 1/29/24 at 1:19 pm
Posted on 1/29/24 at 1:22 pm to BayouBaw84
quote:How do you figure?quote:
WBB apparently puts out a pretty entertaining product, and is respected.
If this was the case they wouldn’t be losing money at the collegiate and professional levels.
There are many sports that are not profitable, due to lack of widespread public support. Are you saying none of them are entertaining, due to the financial nature?
Are you saying that no team/organization within those sports can be respected, because they're not making football money?
I'm not a fan, but I've known people who went out to see WBB, during the Gunter, Pokey and now Mulkey years. Those people had a good time at the arenas and were happy about their day (thus, entertained), and those teams won and were ranked (thus, respected).
Posted on 1/29/24 at 1:24 pm to Jim Hopper
quote:
Baseball turns a small profit every year.
Except last year.
The information is literally in this thread, you don't have to keep repeating incorrect things.
Posted on 1/29/24 at 1:28 pm to ProjectP2294
quote:
Baseball turns a small profit every year. Except last year. The information is literally in this thread, you don't have to keep repeating incorrect things.
Amen. Shits infuriating.
Posted on 1/29/24 at 1:31 pm to TeddyPadillac
quote:
These are just sayings with no meaning.
There's always a price tag.
what the hell does a click have to do with LSU recouping money?
It's ok to be wrong...
LSU was talked about for weeks.
-Social media mention traffic directed to LSU.
-Ad revenue+
-Increased NIL spending on the WBB team to sustain
Not to mention the screen time during the championship run (Final Four ADs cost millions).
You can tangibly calculate the ROI LSU has received from winning the title, and the social media frenzy that followed.
Posted on 1/29/24 at 1:33 pm to TheDeathValley
quote:
You can tangibly calculate the ROI LSU has received from winning the title, and the social media frenzy that followed.
Good, so how much was all that worth?
Posted on 1/29/24 at 1:37 pm to Broski
quote:
Because they don't report everything.
You're wild if you think LSU is operating under a net loss and still giving out these contracts.
as a state run institution, there is very little they can "not report"
only a handful of athletic departments in the entire country actually turn a profit.
Posted on 1/29/24 at 1:41 pm to DalenSA
With all the complaining and whining about LSU's finances, it seems the only solution to prevent losses in the AD is for LSU to get rid of all sports other than FB and MBB (since they all lose $$). Same goes for all colleges around the country too. No sports other than FB and MBB. Complainers are a trip. There's more than one way to skin a cat.
This post was edited on 1/29/24 at 2:14 pm
Posted on 1/29/24 at 1:42 pm to Scoob
quote:
If this was the case they wouldn’t be losing money at the collegiate and professional levels.
quote:
There are many sports that are not profitable, due to lack of widespread public support. Are you saying none of them are entertaining, due to the financial nature?
why do they NOT have more widespread public support?
do people sit at home and say "man, this is some entertaining shite, but I still ain't watching"?
Posted on 1/29/24 at 1:49 pm to Bert Macklin FBI
And I think I should be recognized as a superior human being and not have to pay my bills either.
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