(05-21-2015 10:45 AM)Cscollis Wrote:  Ray Watts will look at only 2 pages of the report and UAB football is dead and not coming back. All you have to look at is the table on page 17 where bringing football back will result in a 20M loss through 2020 compared to page 19 without football the loss is 3M and by 2020 there is actual positive revenue. This is how management thinks (doesn't matter which industry). No management in its right mind would bring back football other than intrinsic value football brings the university. The write up was generally positive to bring it back but the cost is too high and with no positive revenue for the foreseeable future.

Now I would have to question some of the expenses: (cash flow)

On the expense side, why is Academic Financial Aid so high? The 7.6M for tuition for athletes could be reduced to near zero. It does not cost the university near that amount in real dollars unless the athlete is taking a spot of a paying student which he or she is not. This is government accounting at its worst and much worse than ENRON.

All of the other expenses look legit.

On the revenue side, an on campus stadium would generate 1.5M a year while costing considerably more than renting a stadium. Financing costs alone would mean this would have to be a public private partnership. Get the Bham school district involved and use it for HS and College games. That would cut the costs in half.

IMHO the UAB president should have been fired for not doing the due diligence of not only the numbers but the embarrassment this has caused UAB. This could not have been handled worse.

Based on the report alone, I would bet UAB football is dead and will remain dead until a new president with leadership skills has the vision and fortitude to bring it back. Until then, this is how things are done in Obama's America.

Don't understand the odd bizarre Obama reference, if they were doing things Obama style wouldn't they be trying to infuse money into propping up a cash bleeding industry?

But yes, the accepted practice of accounting for athletic scholarships at sticker price is not very real world but it is how universities do it, though some will use the in-state sticker price rather than the out-of-state when dealing with non-residents but that is about as real world as you can hope for.

Watts is going to be let go, it will be the peace offering to UAB football supporters.

(05-21-2015 11:05 AM)arkstfan Wrote:  

(05-21-2015 10:45 AM)Cscollis Wrote:  Ray Watts will look at only 2 pages of the report and UAB football is dead and not coming back. All you have to look at is the table on page 17 where bringing football back will result in a 20M loss through 2020 compared to page 19 without football the loss is 3M and by 2020 there is actual positive revenue. This is how management thinks (doesn't matter which industry). No management in its right mind would bring back football other than intrinsic value football brings the university. The write up was generally positive to bring it back but the cost is too high and with no positive revenue for the foreseeable future.

Now I would have to question some of the expenses: (cash flow)

On the expense side, why is Academic Financial Aid so high? The 7.6M for tuition for athletes could be reduced to near zero. It does not cost the university near that amount in real dollars unless the athlete is taking a spot of a paying student which he or she is not. This is government accounting at its worst and much worse than ENRON.

All of the other expenses look legit.

On the revenue side, an on campus stadium would generate 1.5M a year while costing considerably more than renting a stadium. Financing costs alone would mean this would have to be a public private partnership. Get the Bham school district involved and use it for HS and College games. That would cut the costs in half.

IMHO the UAB president should have been fired for not doing the due diligence of not only the numbers but the embarrassment this has caused UAB. This could not have been handled worse.

Based on the report alone, I would bet UAB football is dead and will remain dead until a new president with leadership skills has the vision and fortitude to bring it back. Until then, this is how things are done in Obama's America.

Don't understand the odd bizarre Obama reference, if they were doing things Obama style wouldn't they be trying to infuse money into propping up a cash bleeding industry?

But yes, the accepted practice of accounting for athletic scholarships at sticker price is not very real world but it is how universities do it, though some will use the in-state sticker price rather than the out-of-state when dealing with non-residents but that is about as real world as you can hope for.

Watts is going to be let go, it will be the peace offering to UAB football supporters.

The Obama reference about how Watts handled the killing of football and the aftermath. You don't get any info until its too late and then find out you were sold a bag of ****.