I found this post interesting on the Nova board. It is a Rutgers fan putting their spin on what transpired in the Nova proposal. I have heard snippets of this in other posts but I hadn't heard it put all together like this....has anyone else heard this story? Basically, Nova was looking for the other schools to subsidize around $9 million of their entrance costs? I had heard they wanted a deal but had not heard a number assigned to it....not sure where he got it from.
http://villanova.rivals.com/showmsg.asp?...00&style=2
RUforlife
Post #154
Posted on 4/12 9:12 AM
This is strictly about money people and the fact that the large state schools are not in the position at this point in time to help fund your move. There already is a lot of pressure on these schools regarding their own athletic budgets let alone helping to subsidize an out of state private school move up to BCS football.
As I understand it, your university wanted to defer a lot of the costs for the move to 5-7 years out, with a relatively small financial commitment from your school in the next 2 or 3 years. I believe, you wanted the state schools to wave the entrance fee and take only a portion of their entitled visiting team proceeds for a certain amount of time. I believe it came to about 9 mil in subsidies for this portion alone.
As far as the stadium issue, you planned on playing in a 18k stadium with nothing in writing regarding future financing of any additional seats. That is a public venue, it needs to have some type of government approval, the occupants (soccer team) needs to sign on, and the respective financial commitments need to be spelled out in detail. It is not good enough to have some type of verbal or loosely worded contract between the government entity, the soccer team, and Nova. Those deals fall apart all the time.
There just has to be large financial commitments made by Nova up front. You also need to spend 30-40 million on infrastructure to support BCS football on campus. There needs to be something in writing committing yourself to that expenditure as well. Basically, the state schools needs to see that you are totally financially committed to making this work and if it doesn't you are financially on the hook for a lot of money. That way they know you will not back out and leave them hanging at the first sign of financial difficulty.
I also tend to think what has irked the existing BCS football schools is your sense of entitlement. The whole we are Nova and we have an open invitation and we are special and don't need to put money up front, it is your responsibility to subsidize us attitude . That is not going to fly. The cash and the commitments have to start flowing from day one or you will never get the votes from the state schools.
And by the way, the boys in Providence are clueless for not understanding the tremendous financial pressure the state schools are under at this point in time. They should have been one step ahead and worked with you from day one to come up with a realistic and financially viable plan.