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re: OU vs LSU narrative on money
Posted on 11/27/21 at 10:12 am to crystalmaze
Posted on 11/27/21 at 10:12 am to crystalmaze
quote:
People keep saying that and it is NOT accurate. It is not deficit. All universities take out loans to pay for buildings and centers etc. LSU’s debt last I checked was around 800mln. And that’s the university in both cases and not the athletic departments. Both athletics make a Tom of revenue.
Most people on futbol message boards wont understand how an AD (as a 501(C)(3) Corp) operates lol
Try to explain to them the difference between borrowing for capital improvements vs operating costs would be lost on them.
This post was edited on 11/27/21 at 10:14 am
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