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re: Texas Athletic Department in debt?
Posted on 9/15/11 at 2:11 pm to bgator85
Posted on 9/15/11 at 2:11 pm to bgator85
quote: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).
Most schools have debt. Foley has always been vocal about not letting the debt be more than $100 million at any one time.
1
Posted on 9/15/11 at 2:18 pm to Chicken
Everybody carries debt, but that is a pretty large debt. That $15 million from the LHN is important to them in that it alone would basically service that debt and free up some other money for other purposes.
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