Didn't mean to be nasty, but I just find it odd that a school bragging to be rolling in the dough has to take a $16 million loan from the university side to keep the bills paid, and took $5.2 million in 2012 and several million in 07-08-09 (from "school funds"), and threatened to play in Houston unless it got a hotel tax to help pay for the expansion/renovation, no matter how piddly.

That's all I'm saying, sir :)

I know that UT's ledger shows monies coming from "student fees" (but none from "school funds" over the period shown), but I think that's for recreational sports improvements, which also benefit intercollegiate athletics (the UT women's volleyball team plays in the recreational sports complex, for instance).

I also would expect the monies spent on renovations at Texas to be winding down to the point to where it might not even be an issue -- that's been 15 years ago. I know that notes can be for longer terms than that, so I don't know that for sure.

You also mention that seat donations went way up when DKR-Texas Memorial Stadium was expanded/renovated in the late 90's... I don't think anyone's donations were upped forcibly to pay for it. Mine certainly weren't. That's my point -- A&M sets the minimum donations necessary every year. At UT, if you give $1,000/seat for 40-yard line seats, you can keep that same seat in perpetuity for $1,000. Not so at A&M.

This post was edited on 5/8/13 at 1:53 am

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Posted by texashorn

Member since May 2008

13122 posts

Posted on 5/8/13 at 1:55 am to texashorn

And let's be fair here, too. Alabama has taken multimillion dollars from the school side each year in the timeframe shown. Why is that? Does Alabama need a subsidy from the school?

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Posted by tmc94

Member since Sep 2012

11559 posts

Posted on 5/8/13 at 2:06 am to texashorn

Ok, perpetuating your horn bullshite isn't going to get far with me. Like many ADs over the last 20 years, we've transitioned from a good old boy network to a real business. Byrne wanted to clean house but was told he couldn't. The bridge loan was made public to embarrass the university so that Byrne could fire some good old boy employees. Bridge loans are SOP for athletic departments (including yours) as cash flow is not steady and usually comes in huge chunks (at season ticket time). Byrne used that to pressure the powers that be to let him do what he felt he needed to do.

Hell, we didn't even lose money as an AD the year we took that loan and it was paid back within a year. But you guys bring it up every chance you get despite the fact that you have in fact taken a bridge loan since then. It happens to even well financed ADs because it's the nature of the business. When you want to spend money, sometimes you don't have cash on hand.

As to donations, when you invested a ton in your stadium upgrades - which long term will be well worth it - you greatly inflated both your revenues and your expenses. Those huge donation commitments are being exactly offset against the committed expenses. It's not real. It's accounting bullshite. When the expenses vanish so will the donations. Joe Jamail didn't write a $100mm check. He committed to give that money. And each year he gives exactly enough to pay your debt service.

And you are wrong on how A&M seats are handled. We have the same system fwiw

This post was edited on 5/8/13 at 2:14 am

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