Not sure where they are coming up with the funds but it is 20 MM not 30. They were able to lessen the loss.
eiu athletics self-sufficient? Not so fast my friend.
- Thread starter MuskieCy
- Start date
They will probably just borrow directly from a debt or bond placement.
The Husch Blackwell Janitorial Services has a nice ring to it.
There's definitely that possibility but Iowa fans have ran their mouths for years about how the B1G is better, gives bigger payouts, etc. All you have to do is search and find the posts, they're out there.
I'm more fascinated how their AD is still employed. Does any AD in the Country have his skeletons?
Yes, fine, borrow to cover the shortfall, that's acceptable. But borrow from a financial institution, like a real company. Not raiding $50 Million from a non-profit(?) hospital at very likely minimal rates.
Serious questions:
who owns the UIHC?
is the UIHC a non-profit corporation?
what are the rules on excess cash for non-profits?
when people donate funds to the UIHC Stead Childrens hospital, are they in effect throwing money into a pot owned by the UIHC that they just lent out to the Iowa AD?
Where's our forensic accountants??? This is the Teapot Dome, but the CRG and DMR will bury the lead. Where's our Erin Brokovich?
Stop paying the athletes room, they are living in free housing anyhow.
How many more womens sports do they have? Surely those would be on Barta's chopping block!
Kinnick? You mean the Johnson County landfill?
I don’t understand how the HC position can be endowed. Endowed generally means money is there and those funds will handle the costs of that position for basic perpetuity. Kirk makes 5MM and the endowment has 10MM. Unless Frankie Garza is putting it in his Ponzi scheme, that handles it for 2 years basically.
Just like you didn't understand what you typed when you talked about the commerce clause?
No. I was mocking your post about the commerce clause recently. Was that not you? If so, my bad.
