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Tears Nole Tears (“Offcial”)

OldhamA said:
Than FSU long term? Absolutely not.

If you're a Head Coach signing up to FSU though you do want an iron clad 4 years to turn it around. No wavering by the AD and the boosters when you still suck in 2 years time. It's a complete "strip back to the studs" rebuild and evidently they have no money.
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My thinking was right now and will be for the next two to four/five years. They are really financially handicapped.
Oh, and wrong chat! LOL
 
786Cane said:
My thinking was right now and will be for the next two to four/five years. They are really financially handicapped.
Oh, and wrong chat! LOL
Click to expand...
The financial issues just becoming public now is kind of amazing to me. I recall reading about FSU's Athletic Department being in the red almost twenty years ago when Bobby was still there.

I did a quick Google search to make sure I wasn't crazy and found these immediately:

- It's no secret that Florida State has been eyeing the Big 12 recently and a key reason is revenue, where the Seminoles rank 24th overall on the list for 2011. There hasn't been that much growth over the past couple of years, 17%, especially when you look around at others in the Southeast and consider close to 10% of FSU's budget is a subsidy from the school. It's also not a positive that the program hasn't turned a profit since 2008 and took in just $136,782 more than Virginia last year.

www.cbssports.com

Texas most robust athletic department as revenues climb across the country

Every year USA Today pulls together one of the most comprehensive looks at athletic departments by counting pennies and crunching the numbers for their college athletics finances database. This year's version has been updated for 2011 and based on the revenue and expense reports collected from...
www.cbssports.com www.cbssports.com

Though the FSU athletic department isn’t funded by state money, the department is still struggling financially. Ticket sales were down during football season when thousands of seats sat empty during games at Doak Campbell Stadium.

As a result, FSU was not able to meet its projected revenue of $15.9 million in football ticket sales. Overall, the athletic department projected before the 2008-09 academic year that it would generate $51.6 million in revenues — though it could fall significantly short of that.

www.orlandosentinel.com

Fraud case draining funds

TALLAHASSEE — Amid a budget crisis perhaps more severe than any it has faced in its history, Florida State University has spent hundreds of thousands of dollars on consulting and attorney fees relating to the university’s…
www.orlandosentinel.com www.orlandosentinel.com
 
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