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re: Texas Athletic Department in debt?
Posted on 9/15/11 at 12:07 pm to relapse98
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.
2
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 1:46 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.
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