Started By
Message
re: SIAP: Paul Bryant Jr's Bank Tie That Binds UA BOT
Posted on 3/27/15 at 12:54 pm to dswear
Posted on 3/27/15 at 12:54 pm to dswear
quote:
300$ million? Did you read those numbers on some random internet message board and start spouting that crap off as truth? Anyone can google the football revenue and expenses in about 4 seconds.
UA's School of Medicine at UAB subsidizes the football program to get it even close to breaking even.
Take a look at UAB's financial filings and you'll see exactly what a black hole that program is. On a run-rate basis over the last five years, it's more like a $60 million loss which would be $300 million over 25 years before extra student fees.
ETA: Over 65% of the revenue was subsidies from the University and student fees. That's not football revenue. That's just taking money from other areas and calling it revenue.
This post was edited on 3/27/15 at 12:56 pm
2
Posted on 3/27/15 at 12:56 pm to Tuscaloosa
That would be the UAB athletic program, not the UAB football program. UAB football expenses have never even exceeded 9 million in a single year.
This only furthers my point to: Why would you cut a football program if your athletic program as a whole is bleeding money? Most would get out of athletics entirely or invest heavily into the football program so it could fund other programs. No investment into fooball = you're going to be subsidizing all your other athletic programs. And that is what happened at UAB.
This only furthers my point to: Why would you cut a football program if your athletic program as a whole is bleeding money? Most would get out of athletics entirely or invest heavily into the football program so it could fund other programs. No investment into fooball = you're going to be subsidizing all your other athletic programs. And that is what happened at UAB.
Posted on 3/27/15 at 12:59 pm to Tuscaloosa
Subsidies are a normal thing for college athletics. Just because Alabama doesn't have to subsidize anymore does not make it any less of a norm for 95% of other college programs. Another fact is: Very little of UAB student fees go to athletics. That's not a norm at most peer colleges to UAB. There is your reason why the athletic program needs institutional subsidies along with the available student fees.
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News