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Article: FSU Debt
https://thebrunswicknews.com/sports/...585563bef.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).
"After dealing with Ole Miss for over a year," he said, "I've learned to expect their leadership to do and say things that the leadership at other Division I schools would never consider doing and to justify their actions by reminding themselves that "We're Ole Miss.""
- Tom Mars, Esq. 4.9.18
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