Tennessee's debt exceeds $200 million - Page 2 - Tennessee Sports - SECTalk.com - Page 2

Jump to content

Welcome to SECTalk.com

Welcome to SECTalk.com -- The Home of 6 Straight National Titles!

You are currently accessing our site as a guest which means you can't access all of our features such as social groups, sports betting, and many more. By joining our free community you will have access to all of these great features as well as to participating in our forums, contacting other members, and much more. Registration only takes a minute and SECTalk.com is absolutely free, so please join today!

If you have any problems registering or signing in, please contact us.

Tennessee's debt exceeds $200 million

- - - - -

This topic has been archived. This means that you cannot reply to this topic.
18 replies to this topic

#16
GatorUnvrsty

GatorUnvrsty

    AdminisGator

  • Administrators
  • PipPipPipPipPipPipPipPipPipPip
  • Posts:
    24,631
  • Joined:
    Dec 2006
  • Cash:
    0
  • High Fives:
    3,921

View PostTheRealBrave, 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.
Posted ImagePosted ImagePosted Image

#17
UK4Life

UK4Life
  • Members
  • PipPipPipPipPipPipPipPip
  • Posts:
    3,859
  • Joined:
    Jan 2012
  • Cash:
    0
  • High Fives:
    1,726
They could cancel their basketball program. :trollface:  UK is the only program that actually funds itself and isn't paid for by football like the rest of the SEC.
Posted Image
Posted Image

#18
GatorUnvrsty

GatorUnvrsty

    AdminisGator

  • Administrators
  • PipPipPipPipPipPipPipPipPipPip
  • Posts:
    24,631
  • Joined:
    Dec 2006
  • Cash:
    0
  • High Fives:
    3,921

View PostUK4Life, on 01 February 2013 - 09:40 PM, said:

They could cancel their basketball program. :trollface:  UK is the only program that actually funds itself and isn't paid for by football like the rest of the SEC.

Actually, UF's basketball program is more than self-reliant; it operates at a profit all by itself.

2011-12

Men's Basketball Expenses - $8,474,783
Men's Basketball Revenues - $10,186,778
Profit - $1,711,995
Posted ImagePosted ImagePosted Image

#19
shamoan

shamoan

    Omaha bound.

  • Members
  • PipPipPipPipPipPipPipPipPipPip
  • Posts:
    12,719
  • Joined:
    Jul 2009
  • Cash:
    0
  • High Fives:
    5,227
no wonder they have been paying recruits in hostesses for so long...