College Sports (Football)
- Status
It is. They spent $194M and lost $78M.
Would there be a chance or situation when Rutgers is removed from the conference? I certainly wouldn't mind them being gone with a nice addition of (Arizona? UNC? FSU? GaTech? or of course ND?). I don't think it will happen but if a school falls that far into debt, will they want to leave the Conference and would the Conference sue to have them removed?
Twin city radiator is still a thing? Drove wreckers on the overnight 11-7 shift in early 80's. Owner was gay and had a Doberman as his sidekick. The gayrage, weekends could be crazy on weekends.
Why would the Big Ten remove Rutgers based on debt? What would be the justification? Their debt does not impact the Conference's finances in any way. And for Rutgers, if they were to leave the Big Ten any chance of righting that ledger would be blown to bits. They're not going to make more revenue anywhere else.
They're just going to have to make some hard choices over there, or get better at appealing to boosters. According to what I've read they're well behind other Big Ten athletic departments in fundraising from donors.
By the way, we really don't want the Big Ten kicking members out based on debt. While Rutgers has been running up the biggest deficits these days, we have one of the highest, if not the highest, total debt burden in the conference.
How much is the athletic department debts?
That's no fun....spend some on DL and stud PGs!!!!
Was just doing a synopsis of this the other day.
The DIA's annual debt has been anywhere from $294M to $312M for years. UIUC as a whole has cut their debt by 20% over the last five years, from just under $850M to now just over $700M. The DIA on their own annually pay out tens of millions to service that debt and it is for the most part not growing, just sort of bouncing around. You can imagine a lot of that has come from the various facilities upgrades the last few years.
I'll note, too, the reason I was even looking into this was because of the report of Rutgers athletics operating at a $78M loss while also being in far more debt than UIUC.
ptgrd23
- orange county CA
$312m debt due to facilities and adding new sports
$5m profit
Fb $39m proft
Mbb $17m profit
Wbb losing $5m/yr
All other sports ok om losing $25m per year
Math does not work - must be missing admin, overhead, fundraising etc. i am private sector. I dont know govt accounting
$23m/yr bond payments
All donations $51m
Dont know how Geis $100m gift affects this
$5m profit
Fb $39m proft
Mbb $17m profit
Wbb losing $5m/yr
All other sports ok om losing $25m per year
Math does not work - must be missing admin, overhead, fundraising etc. i am private sector. I dont know govt accounting
$23m/yr bond payments
All donations $51m
Dont know how Geis $100m gift affects this
Last edited:
They're operating in the black including the debt service, and that debt was accrued from capital expenditure financing for the most part (not prior year operating losses) so there's no reason to accelerate debt payments.
They have an appropriate debt load for the org.
The interesting thing, if you read the report, it was a net ($120K) going to the actual academic side of the school, so that cuts that argument that professors love. And the DIA spent $22MM marketing and promoting itself, which probably dwarfs what the academic side spends and generates multiple Xs in exposure for the school. I guess I don't know if this is still a thing the academics are mad about, they probably understand it at this point (the biggest driver for academic enrollment are good sports team).
Higher ticket prices and concessions across the board. Want louder fans. Do Not price them out to where it's just us 45 to 70 year olds being able to pay those high cost.
This goes back years and years. In Illinois we are good at accumulated debt, and putting on fans and taxpayers. We have got to really do a better job and we have lately. With our billionaire Alumni. Name every street, building, stop light, and put a statue of them up, If necessary.
Great comments on the fees on the debts, that's a organization killer.
That’s why I think you’ll see a lot of programs cut across the country
The whole Notre Dame clause seems nuts, but I know ratings drive media $.
That new rev share spend will exist, but that would leave us flat with 2025, where we spent $21M to buy the players' NIL rights from ICON (per the article). I think that I'm reading that correctly. So, that $21M to ICON, assuming it was a one-time payment, will be replaced with the $20M rev share payment, which, in all likelihood, will continue to go up over time.
- Status