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re: Some of y'all having trouble paying ya bills?
Posted on 5/15/24 at 8:17 am to dstone12
Posted on 5/15/24 at 8:17 am to dstone12
quote:
the 'no debt' programs have awful football teams.
I think some of this is based on the timing of that graphic (2022). Georgia State for instance just built this arena for BBall.
And just yesterday announced this for Baseball at the site of the old Fulton County stadium.
No way they don’t have debt.
1
Posted on 5/15/24 at 8:20 am to clamdip
some of it due to covid hit all schools took
Posted on 5/15/24 at 8:26 am to Dawgfanman
Oh wow- I never thought I'd envy Georgia State in anything, but here we are.
I love what they've done to keep Turner Field alive as well. Tech let themselves get completely lapped in a very short period of time as far as facilities go
I love what they've done to keep Turner Field alive as well. Tech let themselves get completely lapped in a very short period of time as far as facilities go
Posted on 5/15/24 at 8:27 am to Tuscaloosa
quote:
Looking at the list at the bottom, that appears to be true.
Posted on 5/15/24 at 8:33 am to Tuscaloosa
quote:
If your athletic department has no debt, I suppose you’ve just given up on sports.
Exactly. Oregon is a money-printing machine.
Posted on 5/15/24 at 8:44 am to Bigdawgb
quote:
That must be why GT and Illinois are in the top 10
I don’t recall suggesting there was a direct correlation between higher debt and higher success. What you do with that debt is also important.
There does seem to be a correlation between extremely low/no debt and a shite athletic department, though.
This post was edited on 5/15/24 at 8:46 am
Posted on 5/15/24 at 8:46 am to lefty08
quote:
If you think debt is just a necessary thing, you’re doing it wrong
So you paid your for your home all cash, no mortgage then correct?
Posted on 5/15/24 at 8:49 am to lefty08
quote:
If you think debt is just a necessary thing, you’re doing it wrong
Depends on what you’re doing with the debt. If you’re talking about just high interest credit card debt, sure.
But there’s a reason the wealthiest people in the world carry hundreds of millions of dollars in debt.
Posted on 5/15/24 at 8:50 am to Bama Bird
quote:
Oh wow- I never thought I'd envy Georgia State in anything, but here we are.
Georgia State is the largest school in the state with over 50K kids in the second largest city in the southeast.
quote:
I love what they've done to keep Turner Field alive as well.
Did* Turner is DOA
Nevermind I'm dumb
This post was edited on 5/15/24 at 8:53 am
Posted on 5/15/24 at 8:51 am to koreandawg
quote:
This post was edited on 5/15/24 at 9:04 am
Posted on 5/15/24 at 8:59 am to koreandawg
Nothing wrong with debt for facilities.
The issue is cash flow to pay for that debt.
The issue is cash flow to pay for that debt.
Posted on 5/15/24 at 9:44 am to koreandawg
Nore proof that the Vols have the most resources. We pay our QBs 6 million even and have plenty of money to spare. The rest of you slackers need to catch up.
Posted on 5/15/24 at 9:46 am to koreandawg
I hear LSU is selling Mike The Tiger to be able to buy a defensive tackle.
Posted on 5/15/24 at 9:48 am to koreandawg
Issuing debt to fund facilities to spread the expenses out over many years instead of paying out immediately is a pretty common tactic.
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