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re: Alabama athletic department was over 207 million dollars in debt last year
Posted on 1/29/13 at 8:45 pm to Sev09
Posted on 1/29/13 at 8:45 pm to Sev09
quote:
Yet, LSU and Florida continue to be the only two entirely privately funded football programs and never take a dime from the state.
UT is the only SEC school that pays taxes on it's ticket sales for football and basketball. 5% entertainment tax and the 9.25% sales tax.
1
Posted on 1/29/13 at 8:45 pm to NYCAuburn
'Bama's AD doesn't take ANY money from the school. No money from the University goes into the AD. If I'm not mistaking.
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.
Posted on 1/29/13 at 8:47 pm to Crompdaddy8
Not a business major I take it.
Posted on 1/29/13 at 8:49 pm to InVolNerable
quote:
Worked out fine for all the sub-primers.
Only if the AD has a printing press, pulls an Obama, and starts cranking it 24/7.
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 8:52 pm to dbt_Geaux_Tigers_196
quote:
Only if the AD has a printing press, pulls an Obama, and starts cranking it 24/7.
Posted on 1/29/13 at 8:58 pm to WDE24
quote:
Message Posted by WDE24 Probably why they got into the deer antler steroids business.
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 9:05 pm to UASports23
quote:
'Bama's AD doesn't take ANY money from the school. No money from the University goes into the AD. If I'm not mistaking.
I am pretty sure they did in 2011, but like I said its all in the accounting. They take money but as payment for something, I forget how it's done. But lsu was one of the only schools in the sec who didn't, but their accounting methods for the same original sources of revenue are different
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.
Posted on 1/29/13 at 10:12 pm to Crompdaddy8
So you're saying Tennessee is gonna win the National Championship next?
Posted on 1/29/13 at 10:19 pm to Crompdaddy8
well this thread kinda backfired a wee bit.
Posted on 1/29/13 at 10:58 pm to WDE24
quote:Deer antler spray's active component LG-1 is a hormone produced when HGH is broken down by the liver. HGH is not a steroid as it is a naturally occurring hormone in the body. Steroids are not naturally occurring within the body. This doesn't justify anything. This is just a public announcement.
Probably why they got into the deer antler steroids business.
Posted on 1/29/13 at 11:50 pm to Crompdaddy8
All those duffle bags full of benjamins start to add up after a while
Posted on 1/30/13 at 12:20 am to Crompdaddy8
They have a lot of mothers that need homes to house sit for, chargers to buy, Japanese steakhouse food bill's, and new suits to pay for. 3/4
Posted on 1/30/13 at 1:01 am to WDE24
This is what happens when you pay every player to go toyour school.
Posted on 1/30/13 at 5:02 am to Scoreboard
I think if your school isn't constantly reinvesting in itself than its falling behind. Money is so cheap right now I'm sure everyone is expanding, renovating, acquiring etc.
By the time ticket order forms go out UT's reserves will be back in the 8 figures. Plus the SECdividends pay out in the coaches meeting in Destin I believe
By the time ticket order forms go out UT's reserves will be back in the 8 figures. Plus the SECdividends pay out in the coaches meeting in Destin I believe
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