Midlo Cane Fan
No more Midlo
- Joined
- May 19, 2018
- Messages
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or they wanna keep on making millions & millions maybe?What a joke.... These schools have been making millions upon millions for years and now one bad year and they're crying poverty.... GTFO with that...
Sounds like all the US companies who have been making record profits for the last 10 years and couldn't last 2 weeks after we shut downWhat a joke.... These schools have been making millions upon millions for years and now one bad year and they're crying poverty.... GTFO with that...
What a joke.... These schools have been making millions upon millions for years and now one bad year and they're crying poverty.... GTFO with that...
The schools are greedy, plain and simple, which is their right, but it becomes so obvious at times like this. Stanford has billions in its endowment, and I realize that much of that money is earmarked for a specific matter so it can't just be transferred over to athletics. But the school rakes in so much money that to use a 1 year anomaly as the basis for cutting 11 sports is based on nothing more than greed. Again, within their rights, but not a good luck IMO.
You’re 99% right about nearly all athletic departments that provide full scholarships. But not about Stanford; they can.Athletic programs are self sustaining. Because of title IX, football needs to support those other programs. Not that many athletic programs even turn a profit.
Athletics departments that make more than they spend still a minority
Revenue generated by ticket sales, broadcast agreements and other sources at 24 Football Bowl Subdivision schools outpaced athletics expenses in 2014, accordingwww.ncaa.org
I understand that athletic budgets can't "borrow" or "receive" money from the school at large, but my point was that the schools can survive even with a 1 year shortfall in athletics. This is more about choice than necessity.Athletic programs are self sustaining. Because of title IX, football needs to support those other programs. Not that many athletic programs even turn a profit.
Athletics departments that make more than they spend still a minority
Revenue generated by ticket sales, broadcast agreements and other sources at 24 Football Bowl Subdivision schools outpaced athletics expenses in 2014, accordingwww.ncaa.org
Stanford could easily sell chairs and endow each sport.With prior donor approval, couldn't Stanford at anytime use some of that insane 28 billion dollar endowment to cover these athletic shortfalls?
I've posted about this once before, but this article from 2017 describes the debt situation that multiple athletic programs find themselves in. The University of California is prominently mentioned.What a joke.... These schools have been making millions upon millions for years and now one bad year and they're crying poverty.... GTFO with that...