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LSU Financial Question
Posted on 11/22/15 at 7:59 pm
Posted on 11/22/15 at 7:59 pm
As a Gamecock fan, I want LSU to retain Les to keep you guys from taking a potential hire from us. Obviously, you would get dibs over us.
That being said, I have read that LSU has some financial issues. Is that other than the $15M you'd owe Les?
That being said, I have read that LSU has some financial issues. Is that other than the $15M you'd owe Les?
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Posted on 11/22/15 at 8:01 pm to CidCock
Well Jindal cut the state funding by 40%. But Lousiana just elected a democratic governor the other day so they probably will get their arse raped in taxes to get that back, as well as sharia law will be in effect by next friday.
Posted on 11/22/15 at 8:01 pm to CidCock
LSU Athletics-rich
LSU Academics-not so much
LSU Academics-not so much
This post was edited on 11/22/15 at 8:15 pm
Posted on 11/22/15 at 8:01 pm to CidCock
The boosters said they would pay it 
Posted on 11/22/15 at 8:02 pm to CidCock
Jindal has been spending the money on exorcisms and his laughable Presidential campaign.
Posted on 11/22/15 at 8:03 pm to CidCock
Athletics are a separate entity. The problem isn't the money it's the perception that six months ago Alexander was talking about bankruptcy for the school and now a $17mm buyout is on the table.
Joe Taxpayer doesn't understand that the TAF and LSU are different.
Joe Taxpayer doesn't understand that the TAF and LSU are different.
Posted on 11/22/15 at 8:04 pm to CidCock
LSU athletic department and TAF have the funding. Also LSU has the option of paying it out over 96 months. The buyout is not an issue.
Posted on 11/22/15 at 8:04 pm to Solo Cam
Gotcha, thanks guys.
Please keep les
Please keep les
Posted on 11/22/15 at 8:05 pm to CidCock
quote:
, I have read that LSU has some financial issues.
The school supposedly did, but it proved to be mostly political bullshite.
quote:
Is that other than the $15M you'd owe Les?
The 2 aren't tied together. LSU athletics are separate from the university. LSU is one of just a small number of schools that's athletic program is 100% self sufficient and it has always been that way. Athletic dept. takes zero dollars from the State of Louisiana. In fact they give millions to the school every year, I think it was 7 million just last year.
Posted on 11/22/15 at 8:07 pm to CidCock
The football money is entirely separate from the school itself. The school has had some severe budget issues the last few years, but not the athletic department. In fact the football program gives the academics something like $5mil a year from its profits.
Posted on 11/22/15 at 8:07 pm to CidCock
Shaq is going to give us the money he made from those Gold Bond commercials.
Posted on 11/22/15 at 8:08 pm to CidCock
Hire Les. Would be a home run hire for S Carolina.
Posted on 11/22/15 at 8:09 pm to Ponchy Tiger
Aren't most SEC schools self-sufficient?
Posted on 11/22/15 at 8:09 pm to KTownRebel
quote:
Well Jindal cut the state funding by 40%
I'll clarify something, because there is a lot of misinformation going around regarding LSU's budget.
13% total of LSU's funding came from the state.
13%, total.
I read it was proposed earlier that the state would cut 80% funding. 80% of 13% is 10.4%.
So LSU loses 10% total of it's budget, OMGONOZ declare bankruptcy etc.
The LSU budget "crisis" is overblown, and the chancellor of LSU makes deceitful claims about it to bring people to his side. He would have you think that LSU is losing 80% total of its funding. If that were the case, LSU would have closed yesterday.
LSU is doing absolutely fine financially. They will raise tuition and all will be good. There is no crisis. The tuition is already cheap as it is.
This post was edited on 11/22/15 at 8:10 pm
Posted on 11/22/15 at 8:10 pm to Jebeco
quote:
LSU Athletics-rich
LSU Acedemics
Posted on 11/22/15 at 8:11 pm to CidCock
No people are fricking stupid and don't understand that LSU athletics, unlike most of you leaches, doesn't take money from the school, but rather pays money into it.
Posted on 11/22/15 at 8:13 pm to CidCock
We really need a sticky for this
Posted on 11/22/15 at 8:15 pm to AU4real35
Yeah, that was my bad.
Posted on 11/22/15 at 8:21 pm to CidCock
The LSU AD generates the second wealthiest AD in the conference as far as revenues at 130 million dollars last year. That is 6th best in the country.
Posted on 11/22/15 at 8:38 pm to roadGator
quote:
Aren't most SEC schools self-sufficient?
All the football programs are, but there are only six self sufficient college athletic programs in the nation. LSU is one of them.
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