Question about our financial situation | SECRant.com
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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
15789 posts
 Online 

Question about our financial situation


This question was asked on the rant but no serious answers were given so I thought I'd come here and try it out.

So we are supposedly 9th in the country in revenue and are broke. What is this cause of this? Is it really as simple as still paying the coaches we have fired? Or is it bc of other things? It may be the buyout situation but I have a hard time believing that alone is the cause







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FulmersGonnaFixIt
Tennessee Fan
Brentwood, TN (Utopia)
Member since Jun 2011
3170 posts

re: Question about our financial situation


We have paid out 9-10 million in buyouts. Recruiting expenses and budget are highest in the country. We were giving the University 6 million per year. Season tickets are down, and then debt service on Neyland Stadium upgrades, etc. There is also some city/county tax that UT has to pay to Knoxville/Knox country that other SEC schools do not have to pay. Basically the city and University were still getting their cut as season ticket sales have been declining the last few years.





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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
15789 posts
 Online 

re: Question about our financial situation


Thanks for a good answer all of that makes sense





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FulmersGonnaFixIt
Tennessee Fan
Brentwood, TN (Utopia)
Member since Jun 2011
3170 posts

re: Question about our financial situation


Here is an article that explains the situation[link=

(LINK ruin[/link]






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Supravol22
Tennessee Fan
Member since Jan 2011
9513 posts
 Online 

re: Question about our financial situation


Link don't work broseph





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FulmersGonnaFixIt
Tennessee Fan
Brentwood, TN (Utopia)
Member since Jun 2011
3170 posts

re: Question about our financial situation


LINK





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FulmersGonnaFixIt
Tennessee Fan
Brentwood, TN (Utopia)
Member since Jun 2011
3170 posts

re: Question about our financial situation


LINK


Copy and Paste since link tool isn't working for whatever reason.






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