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TheRealBrave, on 30 January 2013 - 03:02 PM, said:
I disagree, all it takes is one very generous donation from an extremely wealthy alum which I'm sure UT has.
We all have those, and it's still taken Bama and UF 20 years to save that kind of money... and no 2 teams have had more success over that period of time.
UF has an annual endowment of over $1.3 billion, and it's still taken us that long to build up our reserve fund that high.
Only 22 programs (19 public) operated at a profit last year; and that's how you stock your reserve fund... make $10 million in profit above operating costs, and throw half of it in your reserve fund.
If your program made a profit every single year, and it was great enough to contribute $5 million every year to the reserve fund, it'd still take 15 years to get to $75 million; and by then everybody else who's been contributing to theirs all along would still be far outpacing you.
And, we're not just talking about getting to $75 million like other top SEC programs; according to the articles and UT AD, UT is in debt over $200 million, so any wealthy donations will be going to satisfy that before they start rebuilding their reserve fund.
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UK is the only program that actually funds itself and isn't paid for by football like the rest of the SEC.
