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re: Alabama athletic department was over 207 million dollars in debt last year
Posted on 1/29/13 at 8:19 pm to Crompdaddy8
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.
1
Posted on 1/29/13 at 8:46 pm to Forgiving Morgan
quote:
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.
Worked out fine for all the sub-primers.
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