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Posted on 2/1/23 at 6:11 pm to KillTheGophers
LSU sports is self sufficient to the extent it takes no monies from the State to operate. TAF is far from being in trouble, challenged or otherwise.
Posted on 2/1/23 at 6:16 pm to BayouNation
quote:shut it down
ULL adds another $5.3 million L
Posted on 2/1/23 at 6:48 pm to BayouNation
quote:
ULL adds another $5.3 million L's
I guess they do deserve to be called U of Louisiana after all.
Posted on 2/1/23 at 6:56 pm to KillTheGophers
quote:wish-casting
In fact, TAF has some real challenges in the coming years.
Posted on 2/1/23 at 7:02 pm to mdomingue
quote:
Of course. But all that money puts them in the red. They have to draw in revenue through ticket sales, merch sales, and donations. Do you think they all broke even?
They technically count that as revenue
For example ULL gets 16/18 from the school as "revenue" but is still 5 mil in the red on top of that
So the school money is just not counted on top of that basically. ULL has just spent well above their means even after that massive amount of investment from the institution
Posted on 2/1/23 at 7:19 pm to Enzos Tiny Pito
Newsflash: Most Division 1 athletic programs do not turn a profit. Correct me
if I’m wrong but annually less than 20% of FBS programs turn a profit.
if I’m wrong but annually less than 20% of FBS programs turn a profit.
This post was edited on 2/1/23 at 7:27 pm
Posted on 2/1/23 at 7:22 pm to Musashi
quote:
around 20% of FBS programs
I think the number may actually be in the single digits. The difference here is these three programs ran a deficit and went over the amount they transferred from the general budget by the listed amount.
Posted on 2/1/23 at 8:04 pm to BayouNation
[quote]Southern BR - $394,518 [/quote
Do these numbers reflect the LSU game this past season ?
Do these numbers reflect the LSU game this past season ?
Posted on 2/1/23 at 8:14 pm to Enzos Tiny Pito
quote:
They technically count that as revenue
For example ULL gets 16/18 from the school as "revenue" but is still 5 mil in the red on top of that
So the school money is just not counted on top of that basically. ULL has just spent well above their means even after that massive amount of investment from the institution
That just sounds wrong but I did a little digging and I see that now. I guess they treat it like some companies do profit centers from an accounting standpoint.
Here is a good resource I found, though it just goes to 2021.'
Looks like the FBS was $331,361,071 in the red as a whole for 2021
5 Conferences were in the black in 2021.
Southeastern Conference - $128,110,088
Conference USA - $21,226,912
American Athletic Conference - $16,318,700
Atlantic Coast Conference - $14,370,258
Mountain West Conference - $7,405,368
5 Conferences were in the red in 2021.
Big Ten Conference - $332,981,099
Pacific-12 Conference - $117,879,419
Big 12 Conference - $56,004,613
Sun Belt Conference - $5,479,486
Mid-American Conference - $4,499,677
Posted on 2/1/23 at 8:16 pm to BayouNation
Louisiana tech and southeastern didn’t really turn profits either. They just didn’t spend beyond what they got in revenues, including the general fund transfers, that they all take. And I certainly wouldn’t expect any of the schools to turn a profit. The question is, what is the appropriate amount of subsidy.
Posted on 2/1/23 at 8:25 pm to Overbrook
quote:
didn’t really turn profits either. They just didn’t spend beyond what they got in revenues
Revenue - Expenses =\= Profits????
Posted on 2/1/23 at 8:31 pm to Kracka
quote:
There are plenty of lawyers that have gone there. I'd say they have a good reputation of putting out some lawyers.
Posted on 2/1/23 at 8:32 pm to BayouNation
ULL should be forced to balance their budget or disband athletics
Posted on 2/1/23 at 9:00 pm to Kracka
quote:
Southern has a reputable law school.
Paraphrasing Calvin Broadus Jr from the Corona beer ads
“Reputabley bad.”
Posted on 2/1/23 at 9:05 pm to BayouNation
ULL needs to cancel their Football program for the main reason being they hired Michael Desormeaux as Head Coach.
Now that their finances have come to light, there is no reason to keep the program.
The solution is to let ULL students be able to buy one ticket next season to LSU vs Grambling, LSU vs Army, or LSU vs Georgia State + and for ULL to run 15 passenger van shuttles to those that want to see Football.
Now that their finances have come to light, there is no reason to keep the program.
The solution is to let ULL students be able to buy one ticket next season to LSU vs Grambling, LSU vs Army, or LSU vs Georgia State + and for ULL to run 15 passenger van shuttles to those that want to see Football.
This post was edited on 2/1/23 at 9:06 pm
Posted on 2/1/23 at 9:19 pm to Overbrook
quote:
Louisiana tech and southeastern didn’t really turn profits either. They just didn’t spend beyond what they got in revenues
Are you that dumb?
Posted on 2/1/23 at 9:57 pm to BayouNation
quote:
Those reporting profits:
Louisiana Tech - $399,234
Southeastern - $100,571
That's why Buc-ee's is coming to Ruston first. The second one in Louisiana will be near Hammond.
This post was edited on 2/1/23 at 9:58 pm
Posted on 2/1/23 at 10:01 pm to Ponchy Tiger
quote:
ULL should be forced to balance their budget or disband athletics
Posted on 2/1/23 at 10:02 pm to Kracka
quote:Southern is legit a bottom 10 accredited law school in the country.
There are plenty of lawyers that have gone there. I'd say they have a good reputation of putting out some lawyers. They aren't Tulane, but they have respect.
LSU, Tulane, and Loyola all put out decent numbers, usually between 80-90% pass rate on one of the harder bars in America.
Southern had a 40%~ pass rate my year.
ETA - They put zero effort into actual bar preparation. Everyone that goes there has great grades as they do a great job of ignoring the ABA mandated first year curve. Then when it's time to take the bar, you're on your own.
In contrast Tulane, LSU, and Loyola have semester long bar prep courses before you even get to your actual bar prep class the summer of the bar. It's pathetic what Southern does. Essentially a J.D. Mill.
This post was edited on 2/1/23 at 10:05 pm
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