re: Some of y'all having trouble paying ya bills?

quote:

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If you think debt is just a necessary thing, you’re doing it wrong

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Companies raise money through either debt or selling equity. It's pretty basic stuff. This isn't Joe and Jill having credit card debt.

If your company/athletic department is sitting on hundreds of millions in cash then I'd have serious questions about their fiduciary performance. People don't give money to see it hoarded. You don't build giant projects with one time cash payments, you do it by issuing debt and then making debt service payments with the money you raised for the project over time.

Now some of these have overextended themselves and struggle to make debt service payments (Cal is the most obvious example). That's a problem. Simply having debt is not.