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Some of y'all having trouble paying ya bills?
Posted on 5/15/24 at 7:06 am
Posted on 5/15/24 at 7:06 am
And that Aggie number is not even including Jimbo's buyout.
14
Posted on 5/15/24 at 7:11 am to koreandawg
quote:
Some of y'all having trouble paying ya bills?
Thanks Joe Biden
Posted on 5/15/24 at 7:11 am to koreandawg
If your athletic department has no debt, I suppose you’ve just given up on sports. Looking at the list at the bottom, that appears to be true. 
Posted on 5/15/24 at 7:12 am to koreandawg
Shocked unc isn’t on that list, after yesterday’s audit they claim they’re operating 20-40 mil in the red
Posted on 5/15/24 at 7:19 am to koreandawg
Thought Aggie was so rich they stroked a check for everything then dropped $100 bills on their way back to the car.
Posted on 5/15/24 at 7:21 am to koreandawg
Debt is a fact of life
Almost every business and even person is managing a debt in one form or another
Even your paisanos in South Korea have a high debt to GDP ratio, Yi
Almost every business and even person is managing a debt in one form or another
Even your paisanos in South Korea have a high debt to GDP ratio, Yi
Posted on 5/15/24 at 7:23 am to koreandawg
I don't think koreandawg understands how the world works.
Posted on 5/15/24 at 7:33 am to koreandawg
First two are public California schools... color me shocked
Posted on 5/15/24 at 7:34 am to SneezyBeltranIsHere
quote:
I don't think koreandawg understands how the world works.
Posted on 5/15/24 at 7:46 am to SneezyBeltranIsHere
quote:
don't think koreandawg understands how the world works.
Well then, explain it to us....
Posted on 5/15/24 at 7:47 am to SneezyBeltranIsHere
If you think debt is just a necessary thing, you’re doing it wrong
Posted on 5/15/24 at 7:50 am to AtlantaLSUfan
quote:
Thought Aggie was so rich they stroked a check for everything
They bounced.
Posted on 5/15/24 at 7:50 am to Tuscaloosa
quote:
If your athletic department has no debt, I suppose you’ve just given up on sports.
That must be why GT and Illinois are in the top 10
Posted on 5/15/24 at 8:00 am to Bigdawgb
quote:
That must be why GT and Illinois are in the top 10
I was thinking the same thing
Posted on 5/15/24 at 8:01 am to koreandawg
quote:
Some of y'all having trouble paying ya bills?
Just get Aggy to pony up. They have more money than everyone else on this graphic combined, right? At least that's what they all tell me.
Posted on 5/15/24 at 8:03 am to AtlantaLSUfan
quote:
Thought Aggie was so rich they stroked a check
It ain’t checks Ags are strokin.
Posted on 5/15/24 at 8:05 am to koreandawg
the 'no debt' programs have awful football teams.
Posted on 5/15/24 at 8:10 am to lefty08
quote:
If you think debt is just a necessary thing, you’re doing it wrong
Companies raise money through either debt or selling equity. It's pretty basic stuff. This isn't Joe and Jill having credit card debt.
If your company/athletic department is sitting on hundreds of millions in cash then I'd have serious questions about their fiduciary performance. People don't give money to see it hoarded. You don't build giant projects with one time cash payments, you do it by issuing debt and then making debt service payments with the money you raised for the project over time.
Now some of these have overextended themselves and struggle to make debt service payments (Cal is the most obvious example). That's a problem. Simply having debt is not.
This post was edited on 5/15/24 at 8:12 am
Posted on 5/15/24 at 8:13 am to Temple of the Dog
FYI, Georgia State just announced a new baseball stadium yesterday. They will not be paying for it with a lump sum cash payment, so you can take them off the list.
Though I'm pretty sure their debt is held by the Ga Board of Regents, because they just built a basketball arena and it was 100% financed with bonds. They just aren't technically held on their books (nor is the asset).
Though I'm pretty sure their debt is held by the Ga Board of Regents, because they just built a basketball arena and it was 100% financed with bonds. They just aren't technically held on their books (nor is the asset).
This post was edited on 5/15/24 at 8:16 am
Posted on 5/15/24 at 8:15 am to koreandawg
Smart debt should be funding/feeding an appreciating asset, like your house or a business.
I'd guess all of those athletic programs are appreciating 'businesses', as they are in major conferences that will continue to get more TV revenue, save SDSU.
Dumb debt is when you feed something other than an appreciating asset, like a vacation, your honey's Mercedes G wagon, or Texas A&M.
I'd guess all of those athletic programs are appreciating 'businesses', as they are in major conferences that will continue to get more TV revenue, save SDSU.
Dumb debt is when you feed something other than an appreciating asset, like a vacation, your honey's Mercedes G wagon, or Texas A&M.
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