RE: UAB Thread on SEC Rant Forum
Some insightful pro UAB post include -
Posted by Tiger n Miami AU83 on 7/29/15 at 2:06 pm to Tiger n Miami AU83
Everything was on track, made sense and was ready to go:
quote:
The presentation was met with enthusiasm at the time from then-Athletic Committee chairman John McMahon. McMahon said during the meeting that the board was "looking forward to you coming back in November or as early as you can to get this project on the road." He added after the meeting he felt it would "get done and get done quickly."
The money was there!
quote:
Another sign of community support centered on the 27 suites expected to be available to corporations or individuals. The on-campus stadium feasibility study estimates that 80 percent of the suites would be sold by the first year. A source close to the proposal said that university officials already have five-year commitments for all 27 suites.
The price of the suites is $30,000 for a one-year commitment, $25,000 per year for a three-year commitment and $20,000 per year for a five-year commitment. In addition, each suite will accommodate 20 season tickets at a cost of $150 each.
The USGA passed a resolution 22-0 that the student body supports the new stadium.
It was expected to be PROFITABLE IMMEDIATELY!!! WOO!!!
quote:
The feasibility report also details the proposed financial plan. It includes an operating revenue projection ranging from $5,782,723 the first year to $6,875,635 in the 10th year. Operating expense projections range from $835,000 the first year to $1,089,486 the 10th year. All projections are based on a six-game home schedule for the Blazers.
Operating revenues include ticket admissions, advertising and sponsorship, concessions, pouring rights, merchandise, catering and parking. It also includes a $500,000 naming rights fee per year but suggested that amount is "conservative" and added that "based on the size and reputation of UAB as well as its location" the estimate could increase "substantially."
Year one "conservative" estimate: Revenues $5.78M - expenses $875k - debt service $3.6M = $1.3M in additional revenue IN YEAR ONE! All systems go, this is a no-brainer and will save UAT money in subsidies, making UAB football 100% independent very quickly! Do it! Do it! Do it!
Pause....
UAT BOT in private discussions before presentations to be made...
Bryant Junior, "Holy shite. They are going to be a solid and successful program if we let this happen. After all the work I have done for a decade to prevent it, it's gonna happen anyway. Well, frick that. How about we do not even hear the proposal. If we hear it, it is obviously a no-brainer and good for all. frick that noise. frick UAB. I hate those bastards. I am Paul Jr. I run shite. Done. Meeting is over."
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