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Its already a huge annual loss for ku

Posted on: October 16, 2018 at 09:17:58 CT
FIJItiger MU
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http://www2.kusports.com/news/2018/apr/29/look-finances-kansas-athletics-rising-revenues-soa/

The Journal-World spent months gathering and reviewing financial documents of Kansas Athletics Inc. as the program hopes to make the biggest bet in its history: $350 million of facility upgrades. The projects — about $300 million would be used to improve facilities for the school’s struggling football program — would add to Kansas Athletics’ debt totals and put more pressure on donors, who already are called upon to cover basic day-to-day operating expenses of the department.

The review found that Kansas Athletics lost money in 2017, and donors had to cover a more than $19 million operating deficit the department posted for the year.

What may be less understood is that donors pay for a lot of day-to-day operating expenses too. The ticket sales and TV money don’t even come very close to paying for Kansas Athletics’ operating expenses.

In 2017, Kansas Athletics had a $19 million operating deficit. In other words, that’s how much KU had to raise from donors to cover basic operating expenses. In 2016, the deficit checked in at $14 million. These numbers aren’t new. KU has been running such deficits for years, and the truckloads of television money haven't done much to change the situation.
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     I think the answer is allowing them to sign with an agent - tigerinhogtown STL - 10/16 13:50:59
     Every single possible solution is phony if it isn’t - CJsLover MU - 10/16 09:48:31
          The problem with the NCAA - TigerMook MU - 10/16 09:50:31
               Let them leave, good luck with that(nm) - CJsLover MU - 10/16 09:51:47
     The actual answer is make consistent and significant - FIJItiger MU - 10/16 09:44:20
          If were that easy to police and enforce it would be done. - sprintcar STL - 10/16 09:53:02
               Oh it is, but the NCAA wont do it, if they slapped each team - MU-TULSA MU - 10/16 11:49:02
               No it wouldn't. There is very little attempt to do so (nm) - FIJItiger MU - 10/16 10:21:05
               I think it is easy, how did kU not know about phony Bill’s - CJsLover MU - 10/16 09:58:55
                    Remember 'Compliance doesn't sell tickets' Does anyone - DHighlander NWMSU - 10/16 10:17:32
                    I agree with sprintcar here - Mormad MU - 10/16 10:04:05
     Instead - cal MU - 10/16 09:34:18
          Pros like college FB and BB, it's their farm system, the - MU-TULSA MU - 10/16 11:59:51
          Yep, get rid of the one and done...it won't solve everything - playhard NWMSU - 10/16 09:39:51
               I agree 100%. But that's not a college issue and there's - sprintcar STL - 10/16 09:44:46
     I think that - o'lineydisciple MU - 10/16 09:20:01
          I agree that teams with returning players are more fun to - sprintcar STL - 10/16 09:38:03
     I say let the agent loans be legal - Domino MU - 10/16 09:17:27
          yep, only allow agents the NBA certifies - tigerinhogtown STL - 10/16 14:07:29
          Yes. Let players make money on their own, however they may - MizzouAstro MU - 10/16 09:37:32
     I don't think people who don't want to or shouldn't be in - FIJItiger MU - 10/16 09:13:41
          Wont work, if an alum with lots of money wants to make sure - MU-TULSA MU - 10/16 12:03:40
          But that's not going to happen. Major college sports are a - sprintcar STL - 10/16 09:19:50
               Why not? That isn't the universities mission - FIJItiger MU - 10/16 09:22:33
                    Because for one thing you can't force anyone to continue - sprintcar STL - 10/16 09:31:39
                         I'm not talking about via force - FIJItiger MU - 10/16 09:35:45
                              Well I am a devout believer that lowering the requirements - MU-TULSA MU - 10/16 12:09:31
                              I wouldn't have an issue if schools wanted to enforce - sprintcar STL - 10/16 09:42:51
                                   Because you have 4 years of eligibility (nm) - FIJItiger MU - 10/16 09:44:59
     my only issue is do all players get paid and is it across - TigerA MU - 10/16 09:09:34
          RE: my only issue is do all players get paid and is it across - TigerMook MU - 10/16 09:14:51
               Its already a huge annual loss for ku - FIJItiger MU - 10/16 09:17:58
                    RE: Its already a huge annual loss for ku - TigerMook MU - 10/16 09:46:35
                         I'm saying that is why ku operates at a huge annual loss - FIJItiger MU - 10/16 10:20:22




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