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re: Ohio St. '24 title comes at high cost.....reports say OSU operating @whopping $38M deficit
Posted on 1/30/25 at 3:00 pm to BuckI
Posted on 1/30/25 at 3:00 pm to BuckI
quote:
Just because Georgia is washed up does not mean You should give up on them.
38 million is nothing to Ohio State as long as football is taken care of.
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Posted on 1/30/25 at 3:45 pm to JetDawg
Who cares?
I despise osu, but they won the natty.
It was well worth it.
Also, who cares if several other sports operate at a club level?
Again, they won the natty.
Posted on 1/30/25 at 3:51 pm to BuckeyeWarrior
quote:
We have one of the largest athletic budgets in the country and our football program is worth nearly $2 billion. This year’s ticket and merchandise sales should easily make up for that deficit.
That'll be the day when you liquidate and convert all that stuff into cash!
Posted on 1/31/25 at 8:06 am to BuckI
quote:Football is the 'queen' at Texas A&M.
Football is King at Ohio State.
Posted on 1/31/25 at 8:39 am to BuckeyeWarrior
quote:
We have one of the largest athletic budgets in the country and our football program is worth nearly $2 billion
Value and liquidity aren't the same. They don't have $2 billion in the bank and if they truly operated at a $38 million dollar loss, they can't do that very long and stay fiscally above water.
Posted on 1/31/25 at 9:05 am to JetDawg
I imagine the AD’s are all for dropping the number
of sports so they can concentrate on football and
basketball exclusively.
of sports so they can concentrate on football and
basketball exclusively.
Posted on 1/31/25 at 9:16 am to JetDawg
The demise of NIL will not be about paying players. It will be about the inability of college football to regulate the pure greed of the adults in the room.
Posted on 1/31/25 at 9:18 am to NWLA_Bama
quote:
Value and liquidity aren't the same. They don't have $2 billion in the bank and if they truly operated at a $38 million dollar loss, they can't do that very long and stay fiscally above water.
This can be said for every university that prides itself on one or two sports and has a large fan base. There will be sports to get cut at OSU and several other high profile schools. It’s only a matter of time. The flip side of that is those sports can be operating as “club” sports with private donations and not under the scrutiny of sanctioned college sports
This post was edited on 1/31/25 at 9:18 am
Posted on 1/31/25 at 9:22 am to BuckI
quote:
38 million is nothing to Ohio State as long as football is taken care of.
Football without the financial benefits is not terribly relevant for an academic institution.
Posted on 1/31/25 at 9:23 am to Nasty_Canasta
My point is there aren't any colleges rich enough or dumb enough to keep dumping money into $38 million losses. Whether it be tOSU, Notre Dame, Texas, etc. I don't care what their "value" is, cash flow is king and I highly doubt any of these colleges have in cash what their "value" is, not even close. "Value" doesn't pay bills.
Posted on 1/31/25 at 9:32 am to JetDawg
quote:
I'm done with it, too.
Thank God
Posted on 1/31/25 at 10:32 am to NWLA_Bama
quote:
My point is there aren't any colleges rich enough or dumb enough to keep dumping money into $38 million losses.
Two contributing factors. Holtmann's buyout (basketball coach) was $8.6 million and only six homes games.
I wonder what AtM balance sheet looks like with the Jimbo buyout.
Posted on 1/31/25 at 11:02 am to VABuckeye
The price of hotdogs probably went up at the concession stand, that's for sure.
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