Article: FSU Debt

[BrunswickDawg]

https://thebrunswicknews.com/sports/national_sports/mike-bianchi-fsu-athletics-is-437-million-in-debt-welcome-to-the-future-of-college/article_57dbc04d-baaa-532d-b112-be1585563bef.html


Very interesting article on FSU and rising athletic debt in general.
For you TL,DNR types - FSU is $437m in debt and pays 16% of its athletic budget with student fees to balance annual operations.
Rutgers operated $78m in the red this year, and has $500m in accumulated operating debt.
MICHIGAN needed $15m in university funding to balance their operating budget this season.

The other big point is that while football is a cash cow - when do people start to question the structure and viability??

Interesting discussion (even if it is our old pal Mike Bianchi who wrote it).

[parabrave]

Football makes money all other sports spend it for them. At least in the SEC.

[Hot Rock]

It ends when people decide a game isn't important enough to risk so much. I don't see that happening unless Rome falls.. wait, I may be thinking of the wrong place.

[Turfdawg67]

Tuition, food, housing, student fees... all going up to crazy heights to pay for all this BS

[Brobi-wan]

I realize Title 9 is a thing, but NIL is less of the culprit than women’s sports.

[bulldawg28]

They better hire Deion to bring in the interest and cash.

[Pancho]

They better hire Deion to bring in the interest and cash.

That'll get lotta clicks on the socials but will end up near what the buffalo's are slowly learning.

[The Federalist Engineer]

College Football is a classic Mafia "Bust Out".

A Mafia "bust-out" is a fraudulent, long-con scheme where organized crime members take over a legitimate business, exploit its credit to buy massive amounts of inventory, sell the goods on the black market, and leave the business bankrupt with, or "busted out". It is not a smash-and-grab, but a slow process of exploiting trust.

So long as it's private money, non of my business. But this reminds me of the Restaurant Bust Out in Goodfellas. These dudes could not survive a one-year fan strike.

[R2Dawg]

College Football is a classic Mafia "Bust Out".

A Mafia "bust-out" is a fraudulent, long-con scheme where organized crime members take over a legitimate business, exploit its credit to buy massive amounts of inventory, sell the goods on the black market, and leave the business bankrupt with, or "busted out". It is not a smash-and-grab, but a slow process of exploiting trust.

So long as it's private money, non of my business. But this reminds me of the Restaurant Bust Out in Goodfellas. These dudes could not survive a one-year fan strike.

Exactly what should happen. A correction is coming either chosen or not. Chosen correction be lot better for all vs a forced correction by collapse. Are there any leaders out there with a backbone?