U6 athletic department $18M deficit
- Thread starter rick64
- Start date
Wait, wait, wait..... I thought they were the “most profitable athletic department in the country.”
I doubt Papa John is in the mood to bail them out after the way UL treated him.
all true. But most programs don’t put up billboards and advertise they are the most profitable in the country either.
They were........as long as Jurich was doing the calculations......
Their own universities cause them to go red with self-dealing on the cost of scholarships. Universities could grant scholarships at a cost of $0 to their own athletic departments, but they don't.
Well I suppose that's true if it cost 0 to actually attend a University. But buildings and professors and everything else cost a lot of money so why shouldn't the athletic department pay that expense?
He was charging others in the university to use envelopes that had the cardinal bird on it..........seems like he set the atheletics department up as the owner when they were updated.....so everyone else in the university had to pay some kind of royalty....
If your athletic department "operates in the red", then who covers the cost to make it break even? The university. If the university is having to cover the financial difference, then what material difference does it make?
It's just accounting semantics with fungible money. They could allow the the athletic department to show a profit on the income statement, and then sweep the net profit over to the university to pay other university expenses that you mentioned. But it's disingenuous to pretend that so many athletic departments operate in the red when they are forced to run in the red by their own university's accounting practices.
