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re: Texas Athletic Department in debt?

Posted on 9/15/11 at 2:03 pm to
Posted by bgator85
Sarasota
Member since Aug 2007
6026 posts
Posted on 9/15/11 at 2:03 pm to
Most schools have debt. Foley has always been vocal about not letting the debt be more than $100 million at any one time.
Posted by Chicken
Jackassistan
Member since Aug 2003
22076 posts
Posted on 9/15/11 at 2:11 pm to
quote:

Most schools have debt. Foley has always been vocal about not letting the debt be more than $100 million at any one time.
right...the only issue with debt is when there is a budget deficit and you won't be able to pay down the debt as expected (see US Government).
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