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Adding Texas and Oklahoma dragged down SEC revenue
Posted on 2/7/25 at 7:08 am
Posted on 2/7/25 at 7:08 am
Two new welfare programs
The new tax record shows the SEC with nearly $840 million in total revenue for fiscal 2024, a roughly 1.5% decline from the nearly $853 million it reported for 2023.
The new tax record shows the SEC with nearly $840 million in total revenue for fiscal 2024, a roughly 1.5% decline from the nearly $853 million it reported for 2023.
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Posted on 2/7/25 at 7:19 am to Emmanuel Goldstein
Woulda been +20 million if a SEC team made the national championship game
Posted on 2/7/25 at 7:23 am to Emmanuel Goldstein
Missouri is in the SEC?
Posted on 2/7/25 at 7:25 am to Emmanuel Goldstein
I don’t want to live in a world Rutgers makes more money than us.
Posted on 2/7/25 at 7:33 am to Emmanuel Goldstein
Good, frick the SEC
Posted on 2/7/25 at 7:39 am to Emmanuel Goldstein
Wait till next year. It's going to plummet.
People don't like where this product is going. It just takes time to show the revenue decline.
People don't like where this product is going. It just takes time to show the revenue decline.
Posted on 2/7/25 at 7:46 am to Emmanuel Goldstein
quote:
Adding Texas and Oklahoma dragged down SEC revenue
Good jab, but they actually shored it up. What would it have been without the revenue they generated?
No SEC team in the finals was a major factor, along with fan displeasure of the direction of the sport. Plus, some big revenue programs having down years. I also wonder how NIL Collective donations might be negatively impacting reported athletic revenue numbers.
This post was edited on 2/7/25 at 7:48 am
Posted on 2/7/25 at 7:46 am to Emmanuel Goldstein
It may not be "fair"... but this could lead to getting the heat turned up on Vandy.
Whether the "add" of Texas/OU hurt revenue - it's still a fact that those schools bank. And it's also a fact that certain others are along for the ride.
Whether the "add" of Texas/OU hurt revenue - it's still a fact that those schools bank. And it's also a fact that certain others are along for the ride.
Posted on 2/7/25 at 7:53 am to Che Boludo
quote:
Good jab, but they actually shored it up. What would it have been without the revenue they generated?
While you are correct, there is no way a Mizzou grad/fan can understand this.
Mizzou football needs to be deported to the Mountain West.
Posted on 2/7/25 at 7:53 am to MtVernon
The distributions to Oklahoma and Texas were a result of "transition payments derived from a combination of television agreements and refundable application fees remitted to the conference in a prior fiscal year." The refunded amounts come from the application fees OU and Texas provided the SEC in August 2021. According to USA Today, the application fee for each school was $15 million, with an additional $12.5 million in transition payments provided to the schools and funded by ESPN.
Posted on 2/7/25 at 7:55 am to MtVernon
quote:
It may not be "fair"... but this could lead to getting the heat turned up on Vandy.
How exactly is the "heat" going to get turned up on Vandy?
This isn't the XII. You're one of sixteen.
So STFU about what you think should happen to schools with more seniority than you.
Posted on 2/7/25 at 7:58 am to Mizz-SEC
quote:
seniority
Like that matters
Alabama, Georgia, Texas all watching Illinois make more money means Vanderbilt and Missouri are on the chopping block.
It's going to feel like you're back in the Big 12, very soon, Missouri.
Posted on 2/7/25 at 8:16 am to Emmanuel Goldstein
Not really
It was more accounting smoke and mirrors than anything.The incumbent schools still had a increase in revenue.
quote:
The incumbent schools received an average of about $52.5 million during fiscal 2024, according to the document, up from about $51.3 million per school in fiscal 2023
quote:
Specifically, for the current year tax return, the Conferencepaid out two amounts to member schools that were recognized as revenue inprior years but shown as expenses in the current year tax return.”
quote:
The conference attributed the $59 million deficit primarily to accounting procedures and the timing of its receipts of certain revenues
It was more accounting smoke and mirrors than anything.The incumbent schools still had a increase in revenue.
Posted on 2/7/25 at 8:28 am to Wishbone85
The payments to OU and Texas were nothing more than refunds of money they'd paid in and shouldn't even be counted in profit and loss calculations. They were nothing more than refundable deposits that would have been on the balance sheet and never touched the P&L statement.
The decline in revenue is due to the overall declining interest in the game that CFB is subtly starting to see. It's turning into a product that the paying customer doesn't like and it is beginning to show in the numbers.
The decline in revenue is due to the overall declining interest in the game that CFB is subtly starting to see. It's turning into a product that the paying customer doesn't like and it is beginning to show in the numbers.
This post was edited on 2/7/25 at 9:01 am
Posted on 2/7/25 at 8:54 am to NWLA_Bama
the old guard runs this conference
Texas and OU, you get $27.5
The rest get $52.6
Texas and OU, you get $27.5
The rest get $52.6
Posted on 2/7/25 at 8:58 am to tBrand
quote:
Like that matters
Alabama, Georgia, Texas all watching Illinois make more money means Vanderbilt and Missouri are on the chopping block.
It's going to feel like you're back in the Big 12, very soon, Missouri.
Not even a full year in and Texas is already talking about kicking out a founding member of the SEC. This is the arrogance and selfishness Texas brings that destroys every conference it has ever joined. Texas is poison.
This post was edited on 2/7/25 at 8:59 am
Posted on 2/7/25 at 9:02 am to Papplesbeast
Texas is straight cancer.
The SEC will rue the day they let them find a refuge from the shite show they left behind.
The SEC will rue the day they let them find a refuge from the shite show they left behind.
Posted on 2/7/25 at 9:05 am to SneezyBeltranIsHere
quote:
Mizzou football needs to be deported to the Mountain West.
Hmmmmm......
Posted on 2/7/25 at 9:08 am to Papplesbeast
quote:
Not even a full year in and Texas is already talking about kicking out a founding member of the SEC. This is the arrogance and selfishness Texas brings that destroys every conference it has ever joined. Texas is poison.
Bingo!
SEC Bluebloods haven't learned this yet. Texas destroys every conference they have ever belonged to. "Poison" is exactly the best description of these newbs. This is why Mike Slive wanted nothing to do with them.
Posted on 2/7/25 at 9:11 am to Mosnowman
quote:
SEC Bluebloods haven't learned this yet. Texas destroys every conference they have ever belonged to. "Poison" is exactly the best description of these newbs. This is why Mike Slive wanted nothing to do with them.
Oh trust me, the SEC fans didn't want them coming into the conference because we feel the same way. They destroy everything they touch. We sat on the outside for years talking about how they were destroying the Big 12 and predicted it would crumble. Well, it did but unfortunately Greg Sankey brought the cancer to the SEC.
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