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