Page 1 of 2 12 LastLast
Results 1 to 15 of 30
  1. #1
    Pro
    Points: 105,621, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    Stumpy's Avatar
    Join Date
    Apr 2006
    Location
    Tucson, AZ
    Posts
    2,540
    Points
    105,621
    Level
    100
    Thumbs Up
    Received: 137
    Given: 6

    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



    TRUE AND VALIANT

  2. #2
    Hall-Of-Famer
    Points: 54,137, Level: 72
    Level completed: 6%, Points required for next Level: 1,413
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points
    Daserop's Avatar
    Join Date
    Feb 2011
    Location
    The Bebop
    Posts
    3,656
    Points
    54,137
    Level
    72
    Thumbs Up
    Received: 464
    Given: 502

    Re: Tennessee Athletic Dept. in $200M Debt

    maybe they can get a government bailout



  3. #3
    Legend
    Points: 129,583, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 23.0%
    Achievements:
    50000 Experience Points1 year registered
    mtowncyclone13's Avatar
    Join Date
    Oct 2012
    Posts
    10,101
    Points
    129,583
    Level
    100
    Thumbs Up
    Received: 2,125
    Given: 1,535

    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.



  4. #4
    Addict
    Points: 84,717, Level: 90
    Level completed: 54%, Points required for next Level: 833
    Overall activity: 48.0%
    Achievements:
    50000 Experience PointsVeteran

    Join Date
    Mar 2012
    Posts
    5,823
    Points
    84,717
    Level
    90
    Thumbs Up
    Received: 1,839
    Given: 7,188

    Re: Tennessee Athletic Dept. in $200M Debt

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



  5. #5
    Speechless
    Points: 437,567, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 43.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    65,708
    Points
    437,567
    Level
    100
    Thumbs Up
    Received: 1,577
    Given: 1,232

    Re: Tennessee Athletic Dept. in $200M Debt

    They need to rob a bank.


    Let Prohm's Posse Ride: Georges, Georgios, 3sus, Hallice, Deonte, Abdel, Monte, Matt, and McKaT.

  6. #6
    Speechless
    Points: 919,064, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 53.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    CycloneErik's Avatar
    Join Date
    Jan 2008
    Location
    Jamerica
    Posts
    61,625
    Points
    919,064
    Level
    100
    Thumbs Up
    Received: 5,920
    Given: 4,980

    Re: Tennessee Athletic Dept. in $200M Debt

    That's crazy.


    Kansas Must Be Destroyed

    Sic Semper Jayhawks




    http://rememberingdoria.wordpress.com/

  7. #7
    Starter
    Points: 12,997, Level: 34
    Level completed: 50%, Points required for next Level: 353
    Overall activity: 2.0%
    Achievements:
    Veteran10000 Experience Points
    legi's Avatar
    Join Date
    Oct 2008
    Location
    Maple Grove, MN
    Posts
    625
    Points
    12,997
    Level
    34
    Thumbs Up
    Received: 13
    Given: 23

    Re: Tennessee Athletic Dept. in $200M Debt

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



  8. #8
    Speechless
    Points: 313,336, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 19.0%
    Achievements:
    Social50000 Experience PointsVeteran
    VeloClone's Avatar
    Join Date
    Jan 2010
    Location
    Brooklyn Park, MN
    Posts
    18,059
    Points
    313,336
    Level
    100
    Thumbs Up
    Received: 3,953
    Given: 7,685

    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.


    "There are five real good recruits in the state. We got three of them. One couldn’t get into school, and the other went to (the University of) Iowa...which is about the same thing." - Coach Johnny Orr

  9. #9
    Addict
    Points: 59,322, Level: 75
    Level completed: 52%, Points required for next Level: 728
    Overall activity: 2.0%
    Achievements:
    Veteran50000 Experience Points
    pulse's Avatar
    Join Date
    Mar 2006
    Posts
    5,205
    Points
    59,322
    Level
    75
    Thumbs Up
    Received: 196
    Given: 136

    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.



  10. #10
    Addict
    Points: 144,459, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 10.0%
    Achievements:
    50000 Experience PointsVeteran
    CysRage's Avatar
    Join Date
    Oct 2009
    Location
    Cedar Rapids, IA
    Posts
    7,542
    Points
    144,459
    Level
    100
    Thumbs Up
    Received: 1,234
    Given: 1,092

    Re: Tennessee Athletic Dept. in $200M Debt

    Looks like no SEZ for Tennessee


    "The greatest risk in life is not taking one"

  11. #11
    Legend
    Points: 177,402, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Aug 2008
    Location
    Here nor there
    Posts
    14,307
    Points
    177,402
    Level
    100
    Thumbs Up
    Received: 1,321
    Given: 1,703

    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?



  12. #12
    Speechless
    Points: 433,944, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 25.0%
    Achievements:
    SocialVeteran50000 Experience Points
    alarson's Avatar
    Join Date
    Mar 2006
    Location
    West Des Moines, IA
    Posts
    23,084
    Points
    433,944
    Level
    100
    Thumbs Up
    Received: 1,914
    Given: 1,095

    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.



  13. #13
    Speechless
    Points: 248,163, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 60.0%
    Achievements:
    50000 Experience PointsOverdriveVeteran
    Rabbuk's Avatar
    Join Date
    Mar 2011
    Posts
    18,221
    Points
    248,163
    Level
    100
    Thumbs Up
    Received: 2,668
    Given: 142

    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.



  14. #14
    Legend
    Points: 143,893, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 10.0%
    Achievements:
    Veteran50000 Experience PointsSocial
    Cycsk's Avatar
    Join Date
    Aug 2009
    Posts
    11,391
    Points
    143,893
    Level
    100
    Thumbs Up
    Received: 1,014
    Given: 821

    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.



  15. #15
    Legend
    Points: 177,402, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Aug 2008
    Location
    Here nor there
    Posts
    14,307
    Points
    177,402
    Level
    100
    Thumbs Up
    Received: 1,321
    Given: 1,703

    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 03:48 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Cyclones.TV
  • FOOTBALL: Iowa State vs. UNI
  • September 5, 2015
  • 07:00 PM