Wow Inguess Texas is back

No public school in the country has more athletics debt than @CalAthletics, debt the university has already partially taken off sports to ease the burden.

The Golden Bears are in danger of suffering a massive reduction in revenue.

📉: via @Sportico's college finance database pic.twitter.com/rebHTqOlIf

— Eben Novy-Williams (@novy_williams) August 4, 2023

One has to laugh at A&M. So Much debt. So little anything

Asu has a president problem. Pours money into out of state campus and neglects athletics.

those are some big numbers.

- KKM

Not that there's a "good time" to be a power conference left behind, but based on this (assuming accuracy) it appears the timing of the PAC collapse couldn't have come at a worse time for Cal.

Methinks (being a retired CPA), they mean "operating deficit" , not debt. They don't owe anything to anyone, they just spent more money than they took in.

Permitting state educational institutions to run up giant debts, exposing state treasuries and taxpayers to the risk of default, for things not even vaguely related to their educational mission, is unconscionable.

In response to above, it seems more likely to me they issued bonds to do things like giant stadium upgrades. Godzillatron's and giant tackle box stadiums have to be paid for somehow.facilities improvements, etc. Some or all may have athletic operating deficits as well.

Good point

CorsicanaBear said:

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Permitting state educational institutions to run up giant debts, exposing state treasuries and taxpayers to the risk of default, for things not even vaguely related to their educational mission, is unconscionable.

In response to above, it seems more likely to me they issued bonds to do things like giant stadium upgrades. Godzillatron's and giant tackle box stadiums have to be paid for somehow.facilities improvements, etc. Some or all may have athletic operating deficits as well.

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Spot on! Every single Texas voter should be raising cane on this one...