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Alabama athletic department was over 207 million dollars in debt last year
Posted on 1/29/13 at 8:06 pm
Posted on 1/29/13 at 8:06 pm
Alabama and LSU, fricking broke arse bastards.
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quote:
In addition, outstanding debt and debt service for athletic departments can fluctuate greatly from year to year. Just a year ago, Alabama and LSU carried more debt on their books than Tennessee. According to Alabama’s 2010-11 NCAA financial disclosure, it had outstanding debt of $207 million. LSU came in right behind at $202 million. Tennessee was third in the conference at $188 million. For the 2010-11 fiscal year, Tennessee was fifth when it came to annual debt service payments, behind Alabama, LSU, Georgia and Auburn.
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Posted on 1/29/13 at 8:09 pm to Crompdaddy8
Debt is cheaper than equity, fun fact that has nothing to do with this.
Posted on 1/29/13 at 8:11 pm to Crompdaddy8
Posted on 1/29/13 at 8:11 pm to Crompdaddy8
Saban will be on pawn stars next year trying to unload some crystal footballs.
Posted on 1/29/13 at 8:12 pm to Crompdaddy8
Good thing LSU and Bama have a higher revenue than UT. Pshew.
Posted on 1/29/13 at 8:14 pm to Crompdaddy8
Alabama's got the revenue to support it fwiw
Posted on 1/29/13 at 8:14 pm to Crompdaddy8
Meh
Posted on 1/29/13 at 8:14 pm to Crompdaddy8
Probably why they got into the deer antler steroids business.
This post was edited on 1/29/13 at 8:15 pm
Posted on 1/29/13 at 8:17 pm to Crompdaddy8
Tennessee doesn't have a revenue or debt problem. We have a suckage problem. Which is actually a decade of AD leadership suckage. All it takes is a good coach, but I have zero faith that the current leadership is capable of making that hire. With how the coaching search was botched, it would be blind luck if it turned out to be Butch Jones.
edit: Does anybody have a link of revenues (not net revenue)? Last I looked Tennessee was comparable with Florida and LSU ($110Mish) and Bama was a bit higher (like $130M).
edit: Does anybody have a link of revenues (not net revenue)? Last I looked Tennessee was comparable with Florida and LSU ($110Mish) and Bama was a bit higher (like $130M).
This post was edited on 1/29/13 at 8:22 pm
Posted on 1/29/13 at 8:17 pm to Crompdaddy8
Yet, LSU and Florida continue to be the only two entirely privately funded football programs and never take a dime from the state.
Posted on 1/29/13 at 8:19 pm to Crompdaddy8
The problem ain't the debt. The problem is the reserves. UT has mortgaged a $200,000 house with a $1,700 payment and they have $1,300 in the bank.
Im sure they will work through it just fine, but the numbers look rough from a business perspective.
Im sure they will work through it just fine, but the numbers look rough from a business perspective.
Posted on 1/29/13 at 8:22 pm to Crompdaddy8
Just out of curiosity how much outstanding debt do you think Apple has? Walmart? Nike?
Posted on 1/29/13 at 8:23 pm to Crompdaddy8
In the long run Tennessee will be fine. you gotta spend money to make money
Posted on 1/29/13 at 8:26 pm to Crompdaddy8
quote:We are spending WAY too much on recruits. Time to cut back a little.
over 207 million dollars in debt last year
Posted on 1/29/13 at 8:47 pm to Crompdaddy8
Not a business major I take it.
Posted on 1/29/13 at 8:50 pm to Crompdaddy8
and 
at a UT fan thinking they can now start talking shite.
Posted on 1/29/13 at 8:58 pm to Crompdaddy8
all this is sneaky accounting to either a)get out of paying taxes of some sorts or b)drum up whoa is me tactics to get more donations.
Posted on 1/29/13 at 9:10 pm to Crompdaddy8
I bet neither are shelling out debt payments of $21mil/year. That's insane and is why they're having money issues. I wonder what the interest rate is and why they're locked into it.
Posted on 1/29/13 at 9:53 pm to Crompdaddy8
It's all much ado about nothing. If UT doesn't have the third largest endowment in the league (behind aTm and Vandy), we're damn close. A billion dollars is a lot of money.
And anyway
USA TODAY Sports' College Athletics Finances
Details of revenues and expenses at NCAA D-I public schools, 2006-2011.
School Total Revenue Total Expenses
Texas $150,295,926 $133,686,815
Ohio State $131,815,821 $122,286,869
Alabama $124,498,616 $105,068,152
Florida $123,514,257 $107,157,831
Michigan $122,739,052 $111,844,553
Penn State $116,118,025 $101,336,483
LSU $107,259,352 $91,796,925
Tennessee $104,368,992 $97,580,406
Oklahoma $104,338,844 $94,363,928
Auburn $103,982,441 $100,497,784
And anyway
USA TODAY Sports' College Athletics Finances
Details of revenues and expenses at NCAA D-I public schools, 2006-2011.
School Total Revenue Total Expenses
Texas $150,295,926 $133,686,815
Ohio State $131,815,821 $122,286,869
Alabama $124,498,616 $105,068,152
Florida $123,514,257 $107,157,831
Michigan $122,739,052 $111,844,553
Penn State $116,118,025 $101,336,483
LSU $107,259,352 $91,796,925
Tennessee $104,368,992 $97,580,406
Oklahoma $104,338,844 $94,363,928
Auburn $103,982,441 $100,497,784
Posted on 1/29/13 at 9:55 pm to Crompdaddy8
you're forgetting that LSU and Bama operate at a high profit. Tennersee does not.
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