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re: Some of y'all having trouble paying ya bills?
Posted on 5/15/24 at 8:10 am to lefty08
Posted on 5/15/24 at 8:10 am to lefty08
quote:
If you think debt is just a necessary thing, you’re doing it wrong
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.
This post was edited on 5/15/24 at 8:12 am
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Posted on 5/15/24 at 8:13 am to Temple of the Dog
FYI, Georgia State just announced a new baseball stadium yesterday. They will not be paying for it with a lump sum cash payment, so you can take them off the list.
Though I'm pretty sure their debt is held by the Ga Board of Regents, because they just built a basketball arena and it was 100% financed with bonds. They just aren't technically held on their books (nor is the asset).
Though I'm pretty sure their debt is held by the Ga Board of Regents, because they just built a basketball arena and it was 100% financed with bonds. They just aren't technically held on their books (nor is the asset).
This post was edited on 5/15/24 at 8:16 am
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