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re: Texas A&M leads the league in athletic debt at 279 million
Posted on 8/5/23 at 3:42 pm to GAT BoilerPickle Doc
Posted on 8/5/23 at 3:42 pm to GAT BoilerPickle Doc
quote:
Has anyone done less with more?
Sounds like the title to your biography
0
Posted on 8/5/23 at 4:11 pm to tigerskin
Theyre too unAmerican for me to feel sorry for them.
Maybe a big oil exec will cry for them.
Maybe a big oil exec will cry for them.
Posted on 8/5/23 at 4:12 pm to GAT BoilerPickle Doc
quote:
Has anyone done less with more?
quote:
Texas Fan
Uh...
Posted on 8/5/23 at 4:17 pm to NotImber
quote:
LSU has the only athletic department in the SEC that doesn't receive any state subsidies.
Maybe a link for shits and giggles...
Posted on 8/5/23 at 4:21 pm to MetroAtlantaGatorFan
And it’s mandated by state law, otherwise we wouldn’t take anything.
Posted on 8/5/23 at 4:22 pm to bgator85
quote:
And it’s mandated by state law, otherwise we wouldn’t take anything.
I was about to include that too but I haven't found a source yet. I do know my senior year (2007) that our athletic dept was 0% subsidized.
That's another reason I want FSU in the SEC, it would save taxpayers over $20 mil annually.
This post was edited on 8/5/23 at 4:26 pm
Posted on 8/5/23 at 4:44 pm to dallasga6
quote:
Maybe a link for shits and giggles...
LINK
"LSU and Nebraska are the only two athletic departments in the nation that receive no subsidies."
LINK
"1. LSU’s new $28 million facilities were paid for with private donations through TAF.
2. LSU athletics receives no state funds or student fees. All its funding is self-generated. Athletics at every other public school in Louisiana, yes, all those schools with very real and serious infrastructure issues, are subsidized to some degree.
3. The athletic department is on the hook to the university for its athletic scholarships, to the tune of $16 million in the most recent fiscal year. LSU wants its tuition money and the athletic department must pay it."
Posted on 8/5/23 at 4:48 pm to CP3LSU25
Deflect like a bitch
Posted on 8/5/23 at 5:30 pm to MetroAtlantaGatorFan
quote:
Why does LSU have so much?
That's how much we owe the children's hospitals
Posted on 8/5/23 at 5:59 pm to tigerskin
It would be interesting to overlay that with annual Athletic Department revenue. Higher earning folks tend to have bigger mortgages. San Diego State I don't get.
Posted on 8/5/23 at 6:28 pm to ipodking
LSU: $194 Million in debt
Posted on 8/6/23 at 6:27 am to twk
quote:
Not sure what LSU used that money for.
They're paying their WBB coach $2.5 million a year.
Posted on 8/6/23 at 7:19 am to tigerskin
Not surprisingly someone doesn't understand debt. There are different types. A&M Athletic dept debt is due to facilities upgrades and expansions and has very little to do with the actual athletic department.
This isn't the same as you being 2 payments behind on your 12 year old Honda Accord.
By the way tard... what you are trying to equate this to is an athletic department budget deficit.
For gods sake don't purchase any Amazon or Apple stock... both companies have well over $100,000,000,000... yes 100 billion in debt.
This isn't the same as you being 2 payments behind on your 12 year old Honda Accord.
By the way tard... what you are trying to equate this to is an athletic department budget deficit.
For gods sake don't purchase any Amazon or Apple stock... both companies have well over $100,000,000,000... yes 100 billion in debt.
This post was edited on 8/6/23 at 7:22 am
Posted on 8/6/23 at 7:51 am to NotImber
quote:
The athletic department is on the hook to the university for its athletic scholarships, to the tune of $16 million in the most recent fiscal year. LSU wants its tuition money and the athletic department must pay it."
1. this doesnt include all those "scholars" on TOPS scholarships that are playing sports.
2. When you can raid the Our Lady of the Lake health care system for funding, who needs subsidies?
Posted on 8/6/23 at 8:07 am to Mr Sausage
This thread is hilarious!
OP is going to shite his pants when he learns what an Income Statement is…
OP is going to shite his pants when he learns what an Income Statement is…
Posted on 8/6/23 at 8:10 am to tigerskin
I haven't been down to Tech in a while.
I'm struggling to imagine what $270M+ capital improvements they could have done.
I'm struggling to imagine what $270M+ capital improvements they could have done.
Posted on 8/6/23 at 8:34 am to tigerskin
A&M has over 400,000,000 invested in bonds that is directly attached to this “debt”
Aggie building fund is currently 120,000,000 in the positive
Aggie building fund is currently 120,000,000 in the positive
Posted on 8/6/23 at 8:36 am to Old Sarge
OP says Aggie is BROKE af lmaoOo
Posted on 8/6/23 at 8:53 am to AGGIES
quote:
OP is going to shite his pants when he learns what an Income Statement is
OP thinks that is his pay stub.
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