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The administraation has been highly supportive
Posted on: February 25, 2020 at 07:37:06 CT
ScottsdaleTiger MU
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1. When Mizzou left the Big XII for the SEC, the Tiger AD forfeited the last Big XII distribution. That generated a 16.5 million dollar negative cash flow for that fiscal year (believe it was 2013-2014),
2. Following the move to the SEC, the Tiger AD spent about 55 million to renovate the East Side Stands, etc. My understanding is the University issued bonds to raise the necessary funds. The Tiger AD is to make the debt service and principal payments Has it?
3. The Tiger AD opted for a 98 million south endzone renovation for the football program. The fund raising drive reportedly has stalled at about 48-50 million. The University is issuing bonds for the roughly additional 48 to 50 million needed to cover the cost. Again the AD is supposed to pay them off.
4. For the past several years, i.e. 3 or 4, the Tiger AD has had a 2 to 4 or 5 million a year negative cash flow.
Bottom line since the SEC move, the University has put over 100 million into the Tiger AD, primarily the football program. Yes, the Tiger AD is supposed to pay it back, but that doesn't appear to be happening anytime soon.
And now the administration has signed off on firing the former staff with its severance package and hiring a new more costly staff.
Some might say the Administration has been highly supportive of a program that's supposed to be self-supporting, more supportive than the fan base.
2. Following the move to the SEC, the Tiger AD spent about 55 million to renovate the East Side Stands, etc. My understanding is the University issued bonds to raise the necessary funds. The Tiger AD is to make the debt service and principal payments Has it?
3. The Tiger AD opted for a 98 million south endzone renovation for the football program. The fund raising drive reportedly has stalled at about 48-50 million. The University is issuing bonds for the roughly additional 48 to 50 million needed to cover the cost. Again the AD is supposed to pay them off.
4. For the past several years, i.e. 3 or 4, the Tiger AD has had a 2 to 4 or 5 million a year negative cash flow.
Bottom line since the SEC move, the University has put over 100 million into the Tiger AD, primarily the football program. Yes, the Tiger AD is supposed to pay it back, but that doesn't appear to be happening anytime soon.
And now the administration has signed off on firing the former staff with its severance package and hiring a new more costly staff.
Some might say the Administration has been highly supportive of a program that's supposed to be self-supporting, more supportive than the fan base.
Please explain why this message is being reported.
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The administraation has been highly supportive - ScottsdaleTiger MU - 2/25 07:37:06
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