We are #1 among all FBS!

Here is the source article, it is worth a read. https://www.sportico.com/leagues/college-sports/2026/florida-state-athletics-debt-fy25-1234883293/ Overall, Florida State reported $617 million in institutional debt for FY25, with athletics accounting for 71% of that total. For comparison, the school’s athletics-related debt stood at $17 million at the end of FY20, increasing by 2,465% over the next five years.

Alford’s most relevant championship.

And this is why saying the admin absolutely made the wrong choice keeping Mike are idiots. Is it possible they could have swung it and it turned out well? Maybe? But if you think it was an obvious choice you are absolutely not qualified to be an AD

Panama22 said:

Looks like Peter Collin’s and the BOT never met a debt they didn’t like.

Did you think that rebuilding Doak and the new FOF were debt-free?

Alford gotta go

They say there's no such thing as 'bad publicity". 🙄

FSU91 said:

Did you think that rebuilding Doak and the new FOF were debt-free?

The world that some people live in man.....

Supyonamesjosh said:

And this is why saying the admin absolutely made the wrong choice keeping Mike are idiots. Is it possible they could have swung it and it turned out well? Maybe? But if you think it was an obvious choice you are absolutely not qualified to be an AD

I think a better argument would be “don’t spend a half billion dollars you don’t have”.

how do we pay this back? More Savannah Banana games?

Oh yeah?

Supyonamesjosh said:

And this is why saying the admin absolutely made the wrong choice keeping Mike are idiots. Is it possible they could have swung it and it turned out well? Maybe? But if you think it was an obvious choice you are absolutely not qualified to be an AD

The admin put us in a half-billion in debt and let the football and basketball programs implode/stagnate, yet the fans calling for Mike to get axed are the idiots? K

caballo_blanco said:

Oh yeah?

caballo_blanco said:

Oh yeah?

Just write it off.

FSU91 said:

Did you think that rebuilding Doak and the new FOF were debt-free?

You know the cherry picking doomers dont consider that. Lol

Supyonamesjosh said:

And this is why saying the admin absolutely made the wrong choice keeping Mike are idiots. Is it possible they could have swung it and it turned out well? Maybe? But if you think it was an obvious choice you are absolutely not qualified to be an AD

The underlying complaint is that we took on two very large financial obligations near simultaneously (FoF and Doak), and then in relatively short order added a third (Norvell + Atkins/Fuller extensions). The FoF and Doak renovation essentially boxed us in. It's highly likely that leadership knew when signing the coaching extensions that we had absolutely no way out of the Norvell contract if things went south given pairing of the FoF and Doak. Which is why some said "don't sign a contract you can't get out of."

Venetian Salami said:

Just write it off.

Another great one. Had no idea how close this was to what Seinfeld had already done.

Yikes everyday a new embarrassment

OrlanNOLE said:

Yikes everyday a new embarrassment

Why is this embarrassing? Some of you all amaze me. Donate to Boosters if it bothers you so.

The capital expenditure to renovate Doak will eventually pay for itself. The FOF should have been constructed a decade ago when Jimbo requested it. That probably cost the University 50 million extra in construction cost due to the rise in materials post Covid.

FSU91 said:

Did you think that rebuilding Doak and the new FOF were debt-free?

This is the main issue with Alford. He needed to "read the room" and understood that roster building and paying players is where the money should go. These efforts should have been halted, and a pivot made as other ADs have.

Hit55 said:

This is the main issue with Alford. He needed to "read the room" and understood that roster building and paying players is where the money should go. These efforts should have been halted, and a pivot made as other ADs have.

I agree that was (and still is) slow to turn the ship.

FSU91 said:

Did you think that rebuilding Doak and the new FOF were debt-free?

But like.....what if we didn't build a FOF and....waited until Doak's bleachers collapsed from disrepair. That would surely show em, right? Nobody pay attention to the fact that all of those investments were made well before the 2024 fiasco. That's not material to the discussion.

WCC0225 said:

Why is this embarrassing? Some of you all amaze me. Donate to Boosters if it bothers you so.

We want nice things but we don't want anyone to expect us to actually pay for them. Our entire MO is to bitch and moan about not having a billionaire donor to run the program like their own personal toy.