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OT - Liberty offered CUSA $24 million for an invite
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JMU2004 Offline
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OT - Liberty offered CUSA $24 million for an invite
09-08-2017 08:31 AM
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DoubleDogDare Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
So in the last ~7 years, Liberty has spent $200M on facilities, another $350M in annual costs (estimating $50M a year excluding the crazy game payouts), another $50M earmarked to stadium expansion and $25M to build out the football schedule (assuming Tech, UVA, BYU all required double the 1.5M that ODU agreed too). I'm guessing the wrote a check to NCAA to get the waiver, probably near the $25M they were willing to pay CUSA right? Soooo over a 10 year period, Liberty spend $1 BILLION for athletics?
(This post was last modified: 09-08-2017 08:53 AM by DoubleDogDare.)
09-08-2017 08:52 AM
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South Carolina Duke Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
"Money can't buy you love!"
09-08-2017 08:54 AM
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JMURocks Online
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RE: OT - Liberty offered CUSA $24 million for an invite
Liberty likely makes close to $1 billion a year from their online papermill with 100,000 students. They virtually have their own money printing machine and need somewhere to dump all that cash tax free. With this level of cash, they can buy success to a degree. This will be great marketing for them long term.
09-08-2017 08:57 AM
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JMU2004 Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
(09-08-2017 08:52 AM)DoubleDogDare Wrote:  So in the last ~7 years, Liberty has spent $200M on facilities, another $350M in annual costs (estimating $50M a year excluding the crazy game payouts), another $50M earmarked to stadium expansion and $25M to build out the football schedule (assuming Tech, UVA, BYU all required double the 1.5M that ODU agreed too). I'm guessing the wrote a check to NCAA to get the waiver, probably near the $25M they were willing to pay CUSA right? Soooo over a 10 year period, Liberty spend $1 BILLION for athletics?

Pretty easy to do when you run a for profit online school under the wing of a non profit university. Even easier to do when the majority of online tuition comes on the back of federally backed programs.

I keep wondering how someone in the federal government hasn't looked into their tax status. This should be illegal.

"Most of the university’s dramatic growth has come through distance education, and its online students now make up most of Liberty’s student body. Three-quarters of undergraduates and 97 percent of graduate students at Liberty study exclusively through distance education, according the American Federation of Teachers.

But more astounding than the growth in students is the growth in federal aid. Data from the State Council of Higher Education for Virginia shows that federal aid has grown five times faster than enrollment.

In the late 1990s, Liberty students received less than $20 million in aid. Students now receive over $800 million dollars a year in federal aid.

https://www.washingtonpost.com/news/acts...be6f9d8dcc
09-08-2017 08:58 AM
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jmufan2008 Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
What genius was it that said JMU, a state university, should follow the same model as Liberty? I'm sure the commonwealth would approve a $24 million payout to join an FBS conference... Or our donors who it took 4 years to pony up 1/3 of that for a new Convo.

Not sure what's more laughable...them offering $24MM and getting turned down or the general tone of that article. Pretty sure it was written by Liberty's marketing dept.
09-08-2017 09:00 AM
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jmuroadwarrior Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
Did I hear that they were thinking of making Tech, UVA, satellite campuses?
09-08-2017 10:03 AM
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Duke Dawg Online
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RE: OT - Liberty offered CUSA $24 million for an invite
what happens to LU when their privileged status is taken away by the gov't?
09-08-2017 10:12 AM
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JMU2004 Offline
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RE: OT - Liberty offered CUSA $24 million for an invite
(09-08-2017 10:12 AM)Duke Dawg Wrote:  what happens to LU when their privileged status is taken away by the gov't?

I think there is a reason they are spending the $$$ as fast as they make it.
09-08-2017 10:15 AM
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Dukie95 Online
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RE: OT - Liberty offered CUSA $24 million for an invite
(09-08-2017 10:12 AM)Duke Dawg Wrote:  what happens to LU when their privileged status is taken away by the gov't?

Not happening any time soon.
09-08-2017 10:30 AM
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