Recent Comments

ltrepeter2000's picture ltrepeter2000
HOKIE HOOPS WIZ
| 5 months 3 days # | Hatin On: UVa Alums

Come on, be honest, you will carry that beyond the veil.

KingJames's picture KingJames
🥒🥒🥒🥒🥒
| 5 months 3 days # | The First Franklin and Friends Presser

There are very few football programs that don't mske money, its the rest of the athletics department that doesn't (basketball makes money depending on the school)

Vtkey's picture Vtkey
| 5 months 3 days # | The First Franklin and Friends Presser

College football programs are absolutely money-making machines.

For somebody.

But for others, they're money pits. Private equity generally tries to separate the money-making part from the debt part, and stick someone ELSE with the debt part while expanding and liquidating the money part for fun and profit, which is why I want them nowhere near anything the public sector is involved with.

bar1990's picture bar1990
ATLIEN
| 5 months 3 days # | The First Franklin and Friends Presser

eh

The Nittany Lions' dramatic increase in outstanding obligations is driven by the $700 million renovation of Beaver Stadium, which is being financed through debt the school said will be repaid via "fundraising, concessions, naming opportunities, sponsorships and ticket sales." That liability will linger on the athletics department's balance sheet for years to come, and is likely only to grow.

Not all debt is the same. Rutgers is basically racking up the athletic dept equivilant of credit card debt. This seems more analogous to a mortgage.

I suppose that last sentence may have cause for concern (if you're a PSU fan). But it's not like they're not investing in assets.

IfishVTIam's picture IfishVTIam
| 5 months 3 days # | Hatin On: UVa Alums

Nah, I can't let that go without a caveat. My Hokie bro's wife is an alum, and I have several friends in the Charlottesville area that are fine people, smart as whips and funny as hell. We have fun with the rivalries, though they've cooled over the years as we already know how each other thinks about the wins or losses, and their disappearance in football. And truth be told, I know several uva alums casually as well, and only a couple are true assholes. I have a ton of friends and acquaintances who are Hokie alums, and more than a couple are true assholes, so there's that. On game day, we ain't pals, but I don't hate them the rest of the time. UVA itself though, that's a 50 year hatred that ain't going to cool until my body cools and eternity looms.

IfishVTIam's picture IfishVTIam
| 5 months 3 days # | Hatin On: UVa Alums

We rescued a beagle and a beagle peke mix, two of the best dogs we've ever owned. We've rescued too many dogs to bore you with the recount, and found homes for the ones we couldn't keep because the inn was full.

EasyGeezie's picture EasyGeezie
CONSIDER IT DONE
| 5 months 3 days # | OT: Best 80s Movies

LOL! Well played my friend. A leg for you!

EasyGeezie's picture EasyGeezie
CONSIDER IT DONE
| 5 months 3 days # | OT: Best 80s Movies

My bad. Great movie. Still funny to this day. Explains why no one else named it prior to....

07Hokie's picture 07Hokie
STATS AND DOG SPORTS
| 5 months 4 days # | Hatin On: UVa Alums

I've had two rescued greyhounds, a rescue whippet, and a rescue beagle bred for laboratory use.

HokieinFLA's picture HokieinFLA
| 5 months 4 days # | The First Franklin and Friends Presser

I am very willing to bet that this is much more common than is being reported.

A large percentage of the population has just accepted the narrative that college football programs are money making machines.

And while for a select few that may be true, there's also a significant difference between revenue created and actual profit.

I think over the course of the next few years we will see more and more programs find themselves in tenuous Financial situations.

The writing seems to be on the wall that eventually either: (1) the NIL system needs to be regulated in a rational manner OR (2) Private Equity is going to get involved to inject cash and tighten up balance sheets. The B1G was quite close already to going down that pathway-- once private equity becomes involved, college sports will become completely unenjotable for the fans. It will be like an Airline...$90 ticket followed by $135 of extra fees for "upgrades."

KingJames's picture KingJames
🥒🥒🥒🥒🥒
| 5 months 4 days # | Hatin On: UVa Alums

I've rescued 2, and a pit bull chihuahua mix

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