re: For those who question A&M's athletic revenue problem

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.