Next:
Iowa State @  Utah
FOX

University of Michigan athletic Dept 240 MILLION in debt

Welcome Cyclones Fans! › Forums › Utah Utes Sports › Football › University of Michigan athletic Dept 240 MILLION in debt

Viewing 2 reply threads
  • Author
    Posts
    • 03/01/2017 at 6:19 PM #29326
      2
      PorterRockwell
      Participant

      https://www.yahoo.com/sports/video/michigan-athletic-department-240-million-001420973.html

    • 03/01/2017 at 6:29 PM #29327
      5
      ironman1315
      Participant

      Holy s**t. That school needs an audit and I mean that unironically.

      • 03/01/2017 at 6:34 PM #29328
        2
        PorterRockwell
        Participant

        something certainly doesn’t seem right with that situation.  Makes me appreciate Chris Hill even more.  Don’t know if you saw the article I linked a few days ago about his career path but it’s a great read.

        • 03/01/2017 at 6:50 PM #29330
          1
          ironman1315
          Participant

          Seriously though, whatever problems at Utah exist are small potatoes to this garbage.

    • 03/01/2017 at 6:35 PM #29329
      Tony (admin)
      Keymaster

      Mind boggling. And the girl with the strange eyebrows’ solution is to eliminate 3 assistants who are paid $1 million each over 3 years? Um, $240,000,000 – $9,000,000 = $231,000,000. Um, kay.

      • 03/01/2017 at 7:06 PM #29331
        2
        PDXUteFan
        Participant

        The “don’t have satellite camps” thought was pretty stupid as well, $334,000 for 40 camps, so ya cut those camps and in ohhhhh, about 80 years you’ll have saved $240,000,000. Genius idea there. How about don’t spend $200+ Million on football stadium renovations. How much have they spent on athletic facilities in the last 10 years? 

         

        Coaching contracts have gotten absurd over the last 5 years in college athletics, no doubt, but you don’t go a quarter billion in debt by spending a few million on football coaches. 

      • 03/01/2017 at 7:11 PM #29332
        PDXUteFan
        Participant

        Also, fwiw the average ticket to a UM football game is $65, 112,000 seats in that stadium so a single game generates over $7 million in tickets sales alone. You figure they make at least $45 Million a year in ticket sales, it’s not so hard to see them covering that debt pretty easily over 10 years. 

        • 03/01/2017 at 9:04 PM #29335
          Tony (admin)
          Keymaster

          Not to mention ads and of course their version of crimson club, whatever that is.

        • 03/02/2017 at 9:40 AM #29352
          mokus
          Participant

          Except that they already made that money last year and they are still where they are. It doesn’t add up.

      • 03/01/2017 at 9:42 PM #29338
        1
        Anonymous
        Inactive

        Someone forgot to tell her that a mini skirt is not becoming on her.

  • Author
    Posts
Viewing 2 reply threads
  • You must be logged in to reply to this topic.