Tennessee Athletic Dept. in $200M Debt
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    Tennessee Athletic Dept. in $200M Debt

    Now, after staggering to losing football seasons in four of the last five years and seeing attendance drop to levels last seen in the 1970s, the Vols find themselves mired in more than $200 million of debt, the most in the SEC, with reserves of just $1.95 million, the least in the conference.

    The athletic department spends a startling $21 million a year on debt payments, $13.5 million of which comes from the school’s stressed $99.5 million athletic budget and the rest from donations.
    Tennessee athletic department mired in $200 million debt - NCAA Football - Sporting News



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    Re: Tennessee Athletic Dept. in $200M Debt

    maybe they can get a government bailout



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    Re: Tennessee Athletic Dept. in $200M Debt

    i would hate donating money to pay of debt. i bet a ton of their donations dry up now.



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    Re: Tennessee Athletic Dept. in $200M Debt

    Did anyone check Lane Kiffin's pockets on his way out the door?



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    Re: Tennessee Athletic Dept. in $200M Debt

    They need to rob a bank.


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    Re: Tennessee Athletic Dept. in $200M Debt

    That's crazy.


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    Re: Tennessee Athletic Dept. in $200M Debt

    So what happens if they can't pay it off?



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    Re: Tennessee Athletic Dept. in $200M Debt

    Quote Originally Posted by legi View Post
    So what happens if they can't pay it off?
    Then they are required to change their primary color from Vols Orange to Red ink Red.


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    Re: Tennessee Athletic Dept. in $200M Debt

    For those who still don't understand, this is partially one of be reasons we aren't building SEZ seating yet.



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    Re: Tennessee Athletic Dept. in $200M Debt

    Looks like no SEZ for Tennessee


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    Re: Tennessee Athletic Dept. in $200M Debt

    Quote Originally Posted by mtowncyclone13 View Post
    i would hate donating money to pay of debt. i bet a ton of their donations dry up now.
    Why? The purpose of donations is often to allow the AD the ability to acquire debt, and to payoff existing debt. Do you think things like stadium expansion and practice facilities are paid in cash?



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    Re: Tennessee Athletic Dept. in $200M Debt

    Quote Originally Posted by swarthmoreCY View Post
    Why? The purpose of donations is often to allow the AD the ability to acquire debt, and to payoff existing debt. Do you think things like stadium expansion and practice facilities are paid in cash?
    Exactly. ISU has paid for several of its projects using debt, and will continue to do so in the future.



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    Re: Tennessee Athletic Dept. in $200M Debt

    Quote Originally Posted by swarthmoreCY View Post
    Why? The purpose of donations is often to allow the AD the ability to acquire debt, and to payoff existing debt. Do you think things like stadium expansion and practice facilities are paid in cash?
    I think the logic is people don't want to pay for things they can't tangibly see.



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    Re: Tennessee Athletic Dept. in $200M Debt

    the school’s stressed $99.5 million athletic budget


    It will turn out okay for them. Tennessee is one of the best states in knowing how to waste money.



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    Re: Tennessee Athletic Dept. in $200M Debt

    Quote Originally Posted by Rabbuk View Post
    I think the logic is people don't want to pay for things they can't tangibly see.
    Building a stadium that cannot be seen? Yeah, in such cases, questions should be asked.


    Last edited by swarthmoreCY; 01-28-2013 at 04:48 PM.

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