Wishnitwas1998 Tennessee Fan Walls, Ms Member since Oct 2010 20178 posts
Question about our financial situation
(Posted on 1/24/13 at 12:48 pm)
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
FulmersGonnaFixIt Tennessee Fan Brentwood, TN (Utopia) Member since Jun 2011 3170 posts
re: Question about our financial situation (Posted on 1/24/13 at 1:22 pm to Wishnitwas1998)
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.