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re: 2012 revenues per USA Today
Posted on 5/8/13 at 2:23 am to texashorn
Posted on 5/8/13 at 2:23 am to texashorn
Probably the $50 or whatever the university hits the students with each semester (and summer) for the "Athletics fee." Hard to complain when basketball and baseball are free to students and FB tickets are $5 each. I suspect students have made small fortunes selling LSU tickets the past few years.
The $50 was the fee around 2000. Perhaps someone can educate us as to changes from the student perspective the past decade.
$50 x 30k students x 2 semesters = $3 million
Even without another $1 million for the summer we are getting close.
The $50 was the fee around 2000. Perhaps someone can educate us as to changes from the student perspective the past decade.
$50 x 30k students x 2 semesters = $3 million
Even without another $1 million for the summer we are getting close.
1
Posted on 5/8/13 at 2:31 am to Blawdawg
There's a separate category for "student fees" versus "school funds."
I'm pointing to the "school funds" Alabama has received in the past four or five years that are totally separate from "student fees."
I'm pointing to the "school funds" Alabama has received in the past four or five years that are totally separate from "student fees."
Posted on 5/8/13 at 2:43 am to tmc94
quote:
Bridge loans are SOP for athletic departments (including yours) as cash flow is not steady and usually comes in huge chunks (at season ticket time). Byrne used that to pressure the powers that be to let him do what he felt he needed to do.
Completely revisionist history, and bullshite to boot.
The University of Texas has NEVER taken a loan from the academics side to pay the bills for athletics.
I can't think of a single time, either, that UT has had to go to a bank and get a bridge loan. UT goes to its big-wigs and gets the money it needs.
But back to Byrne and the $16 million loan.
quote:
The Texas A&M athletic department lacks control of its finances, according to an audit obtained by the Express-News.
The department "requires significant improvement in its financial controls and processes," according to the 25-page report that reviews a span from September 2007 to December of last year. Six accountants from the A&M system performed the internal audit.
Two high-ranking A&M officials said Wednesday that athletic director Bill Byrne's job was not in jeopardy based on the findings. Byrne, who couldn't be reached for comment Wednesday night, addressed the audit in his weekly online column.
"The auditors also made one very serious observation," Byrne wrote. "During the period under audit, they believed that we had limited monitoring of, and limited accountability for, daily financial operations. And during that time, the auditors were correct."
-------
A&M athletics is no stranger to fiscal troubles this year. In June, then-university president Elsa Murano revealed as part of her annual review that the university had loaned the athletic department $16 million four years ago, and that the department must follow a strict business plan to now begin repaying the 10-year loan. A month later, Byrne slashed 17 jobs from the athletic department.
The audit reviews the department's fiscal problems on a multitude of fronts and summarizes, "These weaknesses have hindered the Athletic Department's ability to achieve and maintain financial stability."
San Antonio Express-News
To make that out as some sort of plan by Bill Byrne is ridiculous.
quote:
and it was paid back within a year.
I, too, find this to be baloney.
From the same article:
quote:
the department must follow a strict business plan to now begin repaying the 10-year loan.
Another article, from 2009:
quote:
Even if it meant covering the loan, scheduled to be paid in $1.6 million increments over the next 10 years.
Houston Chronicle
Show me a link where the $16 million loan has been repaid. Please.
Posted on 5/8/13 at 3:12 am to texashorn
quote:
To make that out as some sort of plan by Bill Byrne is ridiculous.
who do you think leaked it to the paper 4 years after the fact? And then a month later made layoffs
Bridge loans happen all the time. They generally are not part of the public record because it's just cash flow, not profit/loss. Most businesses have lines of credit to handle such things. ADs use the university. You are being totally naive here. Hell we showed a 40m net profit this year and you are seriously challenging if we paid back a 16m bridge loan from 10 years ago?
Posted on 5/8/13 at 3:38 am to tmc94
You are saying BYRNE leaked the $16 million loan?
What a load!
LINK
Soon thereafter, this university president was run out on a rail.
You are saying that Byrne leaked all this to weed out people in the athletics department finance section that he wanted gone? I don't believe that, but it totally backfired, as Byrne was left with egg on his face, and the university took over the athletics department's fiduciary duties. The ensuing audit was highly critical of Byrne, who also was run off.
You're goddamnn right I am.
The problem persists to this day:
LINK
Face it -- when Texas got the Longhorn Network, coupled with the financial difficulties within the A&M athletics department, you peckerwoods needed cash fast, and that's why you left the Big 12 for the cozy financial confines of the SEC.
It was all about $$$$, which you need(ed) badly.
What a load!
quote:
The most recent open records request answered by Texas A&M involved documents tied to a $16 million loan given to the Athletic Department - a line of credit made public only because (former A&M President) Murano mentioned it in a self-evaluation during her performance review.
Former president Robert Gates initiated the loan but never signed a contract, prompting Murano to get one signed soon after she learned about within months of taking office.
The documents obtained by the newspaper show at least one request by the Athletic Department to have the loan "forgiven." E-mails and interviews with officials reveal a department in turmoil as the flagship university's finance department takes over the checkbook for the Athletic Department.
LINK
Soon thereafter, this university president was run out on a rail.
You are saying that Byrne leaked all this to weed out people in the athletics department finance section that he wanted gone? I don't believe that, but it totally backfired, as Byrne was left with egg on his face, and the university took over the athletics department's fiduciary duties. The ensuing audit was highly critical of Byrne, who also was run off.
quote:
are seriously challenging if we paid back a 16m bridge loan from 10 years ago?
You're goddamnn right I am.
The problem persists to this day:
quote:
"We don't have a lot of financial maneuverability here in the athletic department right now," Hyman said. "But hopefully, when the [SEC] television network comes on in a couple of years we'll have more flexibility."
LINK
Face it -- when Texas got the Longhorn Network, coupled with the financial difficulties within the A&M athletics department, you peckerwoods needed cash fast, and that's why you left the Big 12 for the cozy financial confines of the SEC.
It was all about $$$$, which you need(ed) badly.
Posted on 5/8/13 at 4:58 am to texashorn
quote:
texashorn
I thought we weren't your rival anymore, yet you stalk us on an SEC board?
Posted on 5/8/13 at 6:20 am to DWag215
A&M with a HUGE jump
2011 87.3 MM
2012 119.7 MM
highest profit too in the top 10. That's a lot of excitement in the SEC membership.
2011 87.3 MM
2012 119.7 MM
highest profit too in the top 10. That's a lot of excitement in the SEC membership.
Posted on 5/8/13 at 8:11 am to WAOMrebears
quote:
here are no way this is right. Mississippi State can not have more revenue than UM. We seat more and have much more concessions available so therefor I'd assume we sell more concessions. Those cow freakers dont spend any money at the game. This is wrong.
What a little bitch
Posted on 5/8/13 at 8:13 am to msu202020
He's a pale imitation of Rebman
Posted on 5/8/13 at 8:14 am to DMagic
quote:
He's a pale imitation of Rebman
Does that's racist work here?
Posted on 5/8/13 at 8:42 am to texashorn
texashorn,
It's a long and complex story you don't understand whatsoever. The loan and audit were all part of the internal battles A&M had years ago with Murano replacing Gates and fighting with McKinney followed by her being fired (as well as McKinney eventually being shown the door) and Loftin and Byrne getting along like oil and water until Byrne was shown the door.
It is true that A&M didn't make nearly as much money when we sucked a few years back in the Big 12. Not exactly a shock. It's also true that part of the reason for the SEC move was money, I don't see why that is a problem. Most of all it is true that A&M is seeing a MASSIVE increase in donations, merchandise sales, and overall support since the SEC move. Once the new Kyle is in place it will be a massive cash machine if A&M can sell it out which looks very likely at this point.
You are also correct in how the seats are handled. You just get the right to your seats if you have enough "points" but you still have to make the appropriate donation. There are a few exceptions, most notably the Endowed Scholarship Donors that are still there (about 3k), some of which got lifetime tickets and some got 30 year tickets. They are settling all of those with the rebuild though (which is going to be messy but needs to be done). Most importantly though, when the new Kyle is in place essentially everyone will be starting over. You will still have your "points" but the sweetheart deals are gone. Even the faculty discounts are going away. They are setting it up for the long term and the demand is proving to be there.
One last thing to consider, A&M still hasn't gotten a dime from the SEC move yet. Our first SEC TV check arrives in June so all of this is AFTER the Big 12 buyout.
If you don't think A&M is a sleeping giant that has awoken and growing like wildfire you are in denial.
It's a long and complex story you don't understand whatsoever. The loan and audit were all part of the internal battles A&M had years ago with Murano replacing Gates and fighting with McKinney followed by her being fired (as well as McKinney eventually being shown the door) and Loftin and Byrne getting along like oil and water until Byrne was shown the door.
It is true that A&M didn't make nearly as much money when we sucked a few years back in the Big 12. Not exactly a shock. It's also true that part of the reason for the SEC move was money, I don't see why that is a problem. Most of all it is true that A&M is seeing a MASSIVE increase in donations, merchandise sales, and overall support since the SEC move. Once the new Kyle is in place it will be a massive cash machine if A&M can sell it out which looks very likely at this point.
You are also correct in how the seats are handled. You just get the right to your seats if you have enough "points" but you still have to make the appropriate donation. There are a few exceptions, most notably the Endowed Scholarship Donors that are still there (about 3k), some of which got lifetime tickets and some got 30 year tickets. They are settling all of those with the rebuild though (which is going to be messy but needs to be done). Most importantly though, when the new Kyle is in place essentially everyone will be starting over. You will still have your "points" but the sweetheart deals are gone. Even the faculty discounts are going away. They are setting it up for the long term and the demand is proving to be there.
One last thing to consider, A&M still hasn't gotten a dime from the SEC move yet. Our first SEC TV check arrives in June so all of this is AFTER the Big 12 buyout.
If you don't think A&M is a sleeping giant that has awoken and growing like wildfire you are in denial.
Posted on 5/8/13 at 8:47 am to msu202020
I'll allow it
Posted on 5/8/13 at 8:52 am to texashorn
fricking longhorns.
You jackasses masturbate to that overblown bridge-gap loan talking point because you NEED to make A&M appear weak. Why the hell would you dicksuckers even care otherwise? It's the nature of your fan base. You MUST make everyone around you have the appearance of weakness or your insecure, pink-chino-wearing masses will overdose on anxiety meds.
That internal nature of your broadway-musical-dancing hoards is the very thing that has locked you into a shitty conference clad in iron chains, yoked to Baylor, Dust Baylor, and now Purple Baylor. You HAD to make CERTAIN that everybody knew that A&M was NOT valuable to the big 12, and that A&M's departure DID NOT MATTER. What you really were doing, despite being stupid and lacking of foresight, was to UNYOKE A&M from the Baylors, and yoke them SOLELY to YOU. That need to make A&M look weak was apparently stronger than any other need, including doing what is best for your athletic department. Yet, A&M was not your REAL rival (another attempt to make A&M appear weak), and here you are, on the SEC Rant.
fricking CLASSIC. Don't kill yourself yet. I am enjoying the sweet taste of those burnt orange tears.
You jackasses masturbate to that overblown bridge-gap loan talking point because you NEED to make A&M appear weak. Why the hell would you dicksuckers even care otherwise? It's the nature of your fan base. You MUST make everyone around you have the appearance of weakness or your insecure, pink-chino-wearing masses will overdose on anxiety meds.
That internal nature of your broadway-musical-dancing hoards is the very thing that has locked you into a shitty conference clad in iron chains, yoked to Baylor, Dust Baylor, and now Purple Baylor. You HAD to make CERTAIN that everybody knew that A&M was NOT valuable to the big 12, and that A&M's departure DID NOT MATTER. What you really were doing, despite being stupid and lacking of foresight, was to UNYOKE A&M from the Baylors, and yoke them SOLELY to YOU. That need to make A&M look weak was apparently stronger than any other need, including doing what is best for your athletic department. Yet, A&M was not your REAL rival (another attempt to make A&M appear weak), and here you are, on the SEC Rant.
fricking CLASSIC. Don't kill yourself yet. I am enjoying the sweet taste of those burnt orange tears.
Posted on 5/8/13 at 8:57 am to aggressor
Good post. Not bashing, but here is the obligatory:
That is the very reason their insecure fan base (and athletic director) need to bring up the 16m loan at any opportunity. They NEED A&M to appear weak, as a last-ditch effort to salvage their now-lost position as #1 in Texas. It's fun to watch them fall from grace.
quote:
If you don't think A&M is a sleeping giant that has awoken and growing like wildfire you are in denial.
That is the very reason their insecure fan base (and athletic director) need to bring up the 16m loan at any opportunity. They NEED A&M to appear weak, as a last-ditch effort to salvage their now-lost position as #1 in Texas. It's fun to watch them fall from grace.
Posted on 5/8/13 at 9:03 am to DWag215
Look at Wisky's numbers....only made a 1 million dollar profit and required 7 million subsidy....
Tennessee's are almost as bad
ouch North Carolina
Maryland is paying for those uniforms so their numbers are understandable
Tennessee's are almost as bad
ouch North Carolina
Maryland is paying for those uniforms so their numbers are understandable
This post was edited on 5/8/13 at 9:08 am
Posted on 5/8/13 at 9:07 am to DWag215
Sweet, USC in the Top 21 in Rev, but had a better football team than 15 teams who earned and spent more money.
Posted on 5/8/13 at 9:07 am to texashorn
Do you honestly think we are broke? We are #6 on the list of revenue.
Posted on 5/8/13 at 9:11 am to DMagic
quote:
I'll allow it
You're so kind.
Posted on 5/8/13 at 9:20 am to CtotheVrzrbck
quote:
and to kick a little more sand in Mizzou's face
Murray St, their season opener, turned a profit of $87K last year. Maybe they can pay you guys instead for the game.
Arkansas looks to be the 5th most profitable program on the list. :obamanotbadgif:
Not that this will sink in to you, but Mizzou's AD operates in the black. These numbers are due to Mizzou bevo buyouts. It is a one year anomally.
Posted on 5/8/13 at 9:30 am to engie
quote:
Overall, I think State's logical "ceiling" is about $85 mil/yr by 2014
The difference in state and OM numbers is the 12 mil Seal gave. That family is going to shell that out each year? The only thing that has changed from having a reported 38mil 3 years ago to 68mil is reporting your contributions and licensing.
Your ticket sales in a revenue stand point are higher than they have ever been so im not sure this years basketball season is even reported.
This post was edited on 5/8/13 at 9:31 am
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