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re: Auburn's athletic department records $13.6 million deficit
Posted on 2/16/15 at 11:03 am to Tiger n Miami AU83
Posted on 2/16/15 at 11:03 am to Tiger n Miami AU83
quote:
$850k last year. Peanuts. Had enough in reserves in the athletic department alone to absorb all of it. Donations are up, bball sold out for the first time in forever, home games against UGA and bama next year assure huge season ticket demand, payouts from SEC network this year, buyouts dropping all this year = large surplus put back into reserves. Things looking good at AU.
Stahp making sense... serious ignorance (i.e. "trolling") in progress.
0
Posted on 2/16/15 at 11:09 am to Choctaw
"all 3"
dummy
dummy
Posted on 2/16/15 at 11:11 am to Monticello
quote:...and "buy ins".
All those buyouts.......
Posted on 2/16/15 at 11:16 am to blackjackjackson
Auburn, you're on notice!
Don't make us come down there and do to y'all, what we had to do to UAB!
Don't make us come down there and do to y'all, what we had to do to UAB!
Posted on 2/16/15 at 11:16 am to coachcrisp
In all seriousness, this will be an issue for everyone moving forward. It cost tons of money to compete now and that won't diminish.
LSU has huge concerns with our State Budget and cuts. It will only get worse and our Athletic Budgets can only do so much.
LSU has huge concerns with our State Budget and cuts. It will only get worse and our Athletic Budgets can only do so much.
Posted on 2/16/15 at 11:17 am to AU4real35
quote:
Cam gonna be rustling Bama jimmies for a long time
Best investment we ever made, by far.
Posted on 2/16/15 at 11:21 am to SoFla Tideroller
LSU makes profit in football, basketball, and baseball. Three.
Posted on 2/16/15 at 11:22 am to lsusteve1
It costs a ton of money to compete, but some of the athletic departments have gone crazy. Some of the top schools in the conference have athletic debts above or around $200 million. Paying upwards of $20 million a year in debt service.
Posted on 2/16/15 at 11:23 am to bgator85
quote:
Some of the top schools in the conference have athletic debts above or around $200 million. Paying upwards of $20 million a year in debt service.
Crazy
Posted on 2/16/15 at 11:27 am to bgator85
quote:
It costs a ton of money to compete, but some of the athletic departments have gone crazy. Some of the top schools in the conference have athletic debts above or around $200 million. Paying upwards of $20 million a year in debt service.
AU has not really started with their facility improvements yet. JJ decided to spend money on the non-revenue sports first, thinking it would be easier to sell Football improvements later.
Posted on 2/16/15 at 11:28 am to CockInYourEar
quote:
poor people problems
should we set AU for a meeting with our native 'Belle and let her straighten'em out?
she didn't have a problem sending 'ol T Boone Pickens packing while acquiring his financial failures and turning them into quick a profit.
I can't imagine the mess the Lowder helped create over the years would be too much of a challenge for her to fix. she might could even get in a round at Augusta on the trip home.
This post was edited on 2/16/15 at 11:31 am
Posted on 2/16/15 at 11:58 am to LandofDixie
quote:
Jacobs opted to make significant investments in all three with Malzahn, Pearl, and Galloway (two are poised to make Auburn some money, one is meh) with all the costs incured from buy-outs and shite. Spend money to make money.
Yeah, it's as if folks on here don't realize institutions run in the red some years. I get it, it's a fun way to attempt to troll, but it's the nature of construction and contract resolutions.
Posted on 2/16/15 at 12:10 pm to Tiger n Miami AU83
quote:
Considering they haven't even gone on sale to the public yet
There isn't a waiting list?
Posted on 2/16/15 at 12:13 pm to blackjackjackson
Its like the Fiji Islands trying to keep up with the USA.
Auburn is Fiji. War Fiji
Auburn is Fiji. War Fiji
Posted on 2/16/15 at 12:52 pm to auburnphan23
quote:
not really poor
If you spend more than you take in, if it's 10 or 10 million, you will be poor.
Posted on 2/16/15 at 1:01 pm to bgator85
iirc we're going to be taking on some debt too with the IPF, O'Dome renovation, etc. Not in the 200 million range though.
Posted on 2/16/15 at 1:09 pm to auburnphan23
quote:
not really poor considering auburn is probably top 10 or 12 in revenues. problem is they might be number one or close to it in expenses
Posted on 2/16/15 at 1:11 pm to blackjackjackson
frick Auburn
Posted on 2/16/15 at 1:16 pm to Gradual_Stroke
Not nice
Posted on 2/16/15 at 1:25 pm to Herman Frisco
Those 5 star recruits cost a lot of $$$. 
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