- 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
re: For those who question A&M's athletic revenue problem
Posted on 6/12/10 at 11:18 am to arrakis
Posted on 6/12/10 at 11:18 am to arrakis
This "debt" was blown out of proportion to a degree. Most of that has already been eaten up by private donations.
A large portion of that debt was also due to us taking on too many projects at 1 specific time.....25 million dollar basketball practice facility, renovations, 10 million dollar football practice facility, 10 indoor track facility etc etc.
There are a few other factors and I will post them later on this weekend. I dont think anyone should get the impression that A&M constantly runs in the red and has some major financial problems because it really just isnt the case.
A large portion of that debt was also due to us taking on too many projects at 1 specific time.....25 million dollar basketball practice facility, renovations, 10 million dollar football practice facility, 10 indoor track facility etc etc.
There are a few other factors and I will post them later on this weekend. I dont think anyone should get the impression that A&M constantly runs in the red and has some major financial problems because it really just isnt the case.
Posted on 6/12/10 at 11:22 am to bullard21k
I'm still waiting to hear why the endowment keeps being brought up on sports boards?
The Walton's (Wal-Mart) run our business school, along with 3 of the 7 wealthiest American's (Walton's) living in the Fayetteville area. How does that correlate to our athletic dept? It doesn't. Why bring it up?
The Walton's (Wal-Mart) run our business school, along with 3 of the 7 wealthiest American's (Walton's) living in the Fayetteville area. How does that correlate to our athletic dept? It doesn't. Why bring it up?
Posted on 6/12/10 at 11:24 am to bullard21k
quote:
A large portion of that debt was also due to us taking on too many projects at 1 specific time.....25 million dollar basketball practice facility, renovations, 10 million dollar football practice facility, 10 indoor track facility etc etc.
That makes sense; not enough cash flow to service the debt.
Posted on 6/12/10 at 11:47 am to bullard21k
quote:
A large portion of that debt was also due to us taking on too many projects at 1 specific time.....25 million dollar basketball practice facility, renovations, 10 million dollar football practice facility, 10 indoor track facility etc etc
It seemed as though it was really an intra-department loan anyway.
Like borrowing money from your mom or dad.
At Texas A&M, political football has supplanted the gridiron variety. After only 18 months on the job, Aggie president Elsa Murano resigned under pressure on Sunday. Her recent revelations about athletic debt may eventually cost head football coach Mike Sherman his job.
In his defense, Sherman had no connection to the $16 million loaned from the University’s general fund to the athletic department in 2005. The responsibility for the arrangement falls on the shoulders of former president Robert Gates, currently the nation’s Secretary of Defense, and athletic director Bill Byrne.
with a defense of her first year in office and mentioned the athletic department must follow a strict business plan to repay the $16 million debt. The large intra-departmental loan had drawn no previous mention in the media until Murano brought it to light.
Popular
Back to top
Follow TigerDroppings for LSU Football News