Vols $200 Million In Debt

[DeepGreen]

WOW!

http://aol.sportingnews.com/ncaa-football/story/2013-01-28/tennessee-athletics-department-debt-200-million-sec-derek-dooley-dave-hart

[Green Dozer]

They probably are not the only school with financial problems like this. The win now and pay later is a one cause. Another is the economy of the last few years causing 55 and up donors to pull back due to diminishing retirement funds. And these are donors who generally give the most. $200 million seems to indicate a lack of financial control, even with coaches contracts that they talk about in the article.

[greenminer]

Tell them $1000 is on the table for a game at Apogee.

[JesseMartin]

Hell yes...save a ton on the bodybag games, come to Denton! We will buy you ice cream too! Maybe even t-shirts..."I Volunteered to come to North Texas" sounds pretty good to me...maybe after 60 visits to Apogee they will be out of debt...hmm...sounds like my student loans! I like it!

[Mean Green Matt]

Hell yes...save a ton on the bodybag games, come to Denton! We will buy you ice cream too! Maybe even t-shirts..."I Volunteered to come to North Texas" sounds pretty good to me...maybe after 60 visits to Apogee they will be out of debt...hmm...sounds like my student loans! I like it!

And how much can we afford to pay them to come here. $25 and some Fuzzy's tacos?

[oldguystudent]

Revenue sports, you say?

[JesseMartin]

And how much can we afford to pay them to come here. $25 and some Fuzzy's tacos?

Haha pretty much, that was kind of my point...if they stop paying out $250-450K per team to go there and just come here for free, they'll still be saving money and we'll fill the usually-empty seats as our "fee"!

[GL2Greatness]

Haha pretty much, that was kind of my point...if they stop paying out $250-450K per team to go there and just come here for free, they'll still be saving money and we'll fill the usually-empty seats as our "fee"!

even if they only have 60K fans show up to a game they are probably paying an average of $60 per seat so that is 3.6 million + parking and concessions so it makes sense they pay for a home game.....if they have 100K show up that is 6 million + the rest

also this article makes it sound like they are losing or have lost 200 million over the last few years when the reality is the article states they have only been revenue negative one time in recent history and they covered that with reserves.....they are keeping back 7 million per year for the next 3 years from handing that over to the academic side and they will have more conference revenue coming in

the 200 million is long term debt and the adjustments they have made will get them back revenue positive in the coming years and that includes paying down their long term debt and probably not taking on any more long term debt in the near future and if they can start willing the fans will show up again as will donations

it is just a large amount of long term debt compared to most + too many coaching changes and a single revenue negative year that has already been addressed for the future.......again it is not like the article title makes it out as if they have lost 200 million over the last few years or as if they are not able to cover their debt payments or like they have been spending 20 million more per year just to run their programs than they were taking in and now find themselves with 200 million to pay down