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re: Some recent info on media rights money...
Posted on 7/1/17 at 12:00 am to I-H8-BAMA
Posted on 7/1/17 at 12:00 am to I-H8-BAMA
aggy cares about this big time. They live and die by the Burnt Orange Yardstick. Everything aggy has and everything they do has to be measured against UT Austin.
What aggy doesn't want to discuss is that their financials have been skewed as of late by the contributions for their new stadium. They borrowed roughly $350 million in taxable municipal debt and financed the rest through contributions that they are SOOOO proud of.
And while their stadium contributions are material, what aggy doesn't want to admit is their "wealthy alumni base" couldn't even match what the Oklahoma State alumni ponied up for their stadium project. So, while aggy claims to be rich, they aren't even Okie Lite rich. Or Oregon rich. Or UT rich. Or....
aggy's problem is that aren't a wealthy group. Kyle Field was originally built the same year as the Big House in Ann Arbor. Because Michigan has regular success, they have the revenues to do regular maintenance and expansions. The Big House is, and pretty much always has been, a mecca for college football and a damned nice stadium. aggy, on the other hand, only has success once every couple of decades (again, they have only finished above .500 in conference play twice in the past decade and they haven't even sniffed a conference championship in almost 20 years. Hell, aggy couldn't even win a BCS game, a feat even Kansas, Connecticut, Utah and West Virginia managed). The fact is aggy barely can pay their bills in many years and they have to let their stadium maintenance suffer. Their old stadium was horribly decrepit, non-ADA compliant, and deemed a safety hazard by the Fire Marshall (Seriously. Ask them why they couldn't even light the letters on the outside of the old stadium, It was because the electrical system was that dangerous).
aggy used the conference switch and the 2012 season to fuel a fund raising drive to catch up on stadium infrastructure issues. Sadly, they still haven't been able to pay back their academic side for the debt they have owed them since 2006 (aggy athletics couldn't pay their bills in 2006, 2007, 2008, 2009 or 2012 so they had to beg tens of millions from the academic side to payLINK debts).
Now that aggy has to begin to pay their immense athletics debt (over $400 million if you add bond debt and commercial paper debt) the fun begins.
Good luck aggy.
One quick fun fact - aggy hasn't been able to afford an outdoor track facility on their campus for years. They finally found the money to build one. It will seat 3,000 spectators. The Texas state high school track meet draws about 20,000 peak attendance, so the new aggy stadium won't be even close to being big enough to handle the state high school track meet. Where is the Texas state high school track meet meet held? At the track stadium on the UT Austin campus. Why is that? Because only UT Austin can afford the facilities. When a major university can't even afford to build facilities to host a high school track meet, something is very aggy. lol.
Remember, my SEC friends - No Givebacks!
What aggy doesn't want to discuss is that their financials have been skewed as of late by the contributions for their new stadium. They borrowed roughly $350 million in taxable municipal debt and financed the rest through contributions that they are SOOOO proud of.
And while their stadium contributions are material, what aggy doesn't want to admit is their "wealthy alumni base" couldn't even match what the Oklahoma State alumni ponied up for their stadium project. So, while aggy claims to be rich, they aren't even Okie Lite rich. Or Oregon rich. Or UT rich. Or....
aggy's problem is that aren't a wealthy group. Kyle Field was originally built the same year as the Big House in Ann Arbor. Because Michigan has regular success, they have the revenues to do regular maintenance and expansions. The Big House is, and pretty much always has been, a mecca for college football and a damned nice stadium. aggy, on the other hand, only has success once every couple of decades (again, they have only finished above .500 in conference play twice in the past decade and they haven't even sniffed a conference championship in almost 20 years. Hell, aggy couldn't even win a BCS game, a feat even Kansas, Connecticut, Utah and West Virginia managed). The fact is aggy barely can pay their bills in many years and they have to let their stadium maintenance suffer. Their old stadium was horribly decrepit, non-ADA compliant, and deemed a safety hazard by the Fire Marshall (Seriously. Ask them why they couldn't even light the letters on the outside of the old stadium, It was because the electrical system was that dangerous).
aggy used the conference switch and the 2012 season to fuel a fund raising drive to catch up on stadium infrastructure issues. Sadly, they still haven't been able to pay back their academic side for the debt they have owed them since 2006 (aggy athletics couldn't pay their bills in 2006, 2007, 2008, 2009 or 2012 so they had to beg tens of millions from the academic side to payLINK debts).
Now that aggy has to begin to pay their immense athletics debt (over $400 million if you add bond debt and commercial paper debt) the fun begins.
Good luck aggy.
One quick fun fact - aggy hasn't been able to afford an outdoor track facility on their campus for years. They finally found the money to build one. It will seat 3,000 spectators. The Texas state high school track meet draws about 20,000 peak attendance, so the new aggy stadium won't be even close to being big enough to handle the state high school track meet. Where is the Texas state high school track meet meet held? At the track stadium on the UT Austin campus. Why is that? Because only UT Austin can afford the facilities. When a major university can't even afford to build facilities to host a high school track meet, something is very aggy. lol.
Remember, my SEC friends - No Givebacks!
This post was edited on 7/1/17 at 12:19 am
2
Posted on 7/1/17 at 4:31 am to Randolph Duke
quote:
Remember, my SEC friends - No Givebacks.
FUTU
Posted on 7/1/17 at 10:44 am to Randolph Duke
Hey ole Dukie,
You Texas boys talk a good game, about how much money you have! Where has that got you in athletics? When was the last time Texas was relevant in any sport? Maybe when Alabama kicked your a$$ in the last national championship, ya'll were in!
Ya'll can't even agree on a coach, since ya'll fired Mack Brown, your last championship winning coach. Look Dukie, everybody is laughing at Texas and ya'll brought it on yourself!
You are picking on the Aggies about their finances, let me tell you this, the Aggies are our SEC brethren. The Southeastern Conference is the leading moneymaker in this game. Hell ya'll ain't even 2nd, Big 10 makes more money than the Big 12 or 11 or 10 or whatever.
Your Big Whatever is fixing to be through, you already have conference members looking at options.
If you think the Pac 10 wants ya'll, you better revamp your television package because that ain't going to fly in California!
Dukie, if you want to keep picking on Texas AM, c'mon over to the SEC side of the street, we will show you how it's done.
P.S. Please forgive my colloquialisms such as ain't and Ya'll, I was trying to communicate in terms Dukie could undrstand
You Texas boys talk a good game, about how much money you have! Where has that got you in athletics? When was the last time Texas was relevant in any sport? Maybe when Alabama kicked your a$$ in the last national championship, ya'll were in!
Ya'll can't even agree on a coach, since ya'll fired Mack Brown, your last championship winning coach. Look Dukie, everybody is laughing at Texas and ya'll brought it on yourself!
You are picking on the Aggies about their finances, let me tell you this, the Aggies are our SEC brethren. The Southeastern Conference is the leading moneymaker in this game. Hell ya'll ain't even 2nd, Big 10 makes more money than the Big 12 or 11 or 10 or whatever.
Your Big Whatever is fixing to be through, you already have conference members looking at options.
If you think the Pac 10 wants ya'll, you better revamp your television package because that ain't going to fly in California!
Dukie, if you want to keep picking on Texas AM, c'mon over to the SEC side of the street, we will show you how it's done.
P.S. Please forgive my colloquialisms such as ain't and Ya'll, I was trying to communicate in terms Dukie could undrstand
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