(02-25-2018 12:32 PM)memtiger1987 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

(02-25-2018 12:09 PM)Unionman76 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

auditors expressed no opinion

for entertainment purposes only

You are reading the wrong report. They expressed no opinion on the internal controls of the organization. Internal control audits are not required for NPOs but audits done under governmental standards are required to include an evaluation of internal controls and include the report stating they did so. The financial statements themselves had an unmodified opinion expressed, meaning in their opinion the financial statement are materially correct in all respects.

Sent from my SM-G955U using CSNbbs mobile app

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

What do you mean by public NPO?

Sent from my SM-G955U using CSNbbs mobile app

(02-25-2018 02:00 PM)memtiger1987 Wrote:  

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

Maybe his team will move on to College Sports when they're done. Football could use a good cleansing and an even playing field.....eh?

Robert Swan Mueller III is an American lawyer and civil servant who was the sixth Director of the Federal Bureau of Investigation (2001-13). A Republican, he was appointed by President George W. Bush

(02-25-2018 02:05 PM)snowtiger Wrote:  

(02-25-2018 02:00 PM)memtiger1987 Wrote:  

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

Robert Swan Mueller III is an American lawyer and civil servant who was the sixth Director of the Federal Bureau of Investigation (2001-13). A Republican, he was appointed by President George W. Bush

Didn’t know his middle name was Swan. Wondering what’s Trump’s nickname is for him? He comes up with some good ones..

(02-25-2018 02:08 PM)memtiger1987 Wrote:  

(02-25-2018 02:05 PM)snowtiger Wrote:  

(02-25-2018 02:00 PM)memtiger1987 Wrote:  

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

Robert Swan Mueller III is an American lawyer and civil servant who was the sixth Director of the Federal Bureau of Investigation (2001-13). A Republican, he was appointed by President George W. Bush

Didn’t know his middle name was Swan. Wondering what’s Trumos nickname is for him? He comes up with some good ones..

I didn't know he was the third in his line, but I did know he was FBI

(02-25-2018 02:05 PM)snowtiger Wrote:  

(02-25-2018 02:00 PM)memtiger1987 Wrote:  

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

Maybe his team will move on to College Sports when they're done. Football could use a good cleansing and an even playing field.....eh?

Robert Swan Mueller III is an American lawyer and civil servant who was the sixth Director of the Federal Bureau of Investigation (2001-13). A Republican, he was appointed by President George W. Bush

It’s a mess and it pretty much always has been. I’m sure it’s worse now with all the revenue the sport produces (and insanely high coaches salaries). Well, at least the dollars involved are much higher...

(02-25-2018 02:10 PM)memtiger1987 Wrote:  

(02-25-2018 02:05 PM)snowtiger Wrote:  

(02-25-2018 02:00 PM)memtiger1987 Wrote:  

(02-25-2018 01:57 PM)Shooters Wrote:  

(02-25-2018 12:32 PM)memtiger1987 Wrote:  We’ve caught them this time!

Signed,
Shooters and Stammers, CPAs

Have your fun now. BTW, i assume you didn't even open the link. yet you joke about it.

With your keen investigative skills, you should join Mueller’s team.. lol

Maybe his team will move on to College Sports when they're done. Football could use a good cleansing and an even playing field.....eh?

Robert Swan Mueller III is an American lawyer and civil servant who was the sixth Director of the Federal Bureau of Investigation (2001-13). A Republican, he was appointed by President George W. Bush

It’s a mess and it pretty much always has been. I’m sure it’s worse now with all the revenue the sport produces (and insanely high coaches salaries). Well, at least the dollars involved are much higher...

My friend's dad was a lineman for University of WA in the 80s. His dad was large, but nothing special, and was paid cash.

Will Football be the next focus...

The Power conferences should have left the NCAA a long time ago and done what they pleased.

(02-25-2018 10:56 AM)bcspiker Wrote:  

(02-21-2018 09:35 PM)salukiblue Wrote:  

(02-21-2018 01:51 PM)TIGERCITY Wrote:  

(02-21-2018 01:31 PM)Unionman76 Wrote:  6000+ attendance numbers will be the lowest since pre-midsouth Coliseum

Anyone know how many years that is?

Last year's per game attendance of 9,622 was the lowest since the 1981-82 season.

This year, attendance is currently 6,208 a game.

That would put our attendance as the THIRD LOWEST EVER since records have been kept (going back to the 1964-65 season).

Five lowest seasons in attendance:

1) 1969-70: 5,205
2) 1968-69: 6,112
3) 2017-18: 6,208 (16 games)
4) 1965-66: 6,227
5) 1964-65: 7,173

It is not quite accurate as up till around 2012-14 attendance was reported based on tickets sold and after that it was based on turnstile counts.

Sent from my LG-H811 using CSNbbs mobile app

What are you talking about? Except for 2005, every number put out by the university to the NCAA has been tickets sold.

(02-25-2018 10:19 AM)Tigx Wrote:  I give you the accounting firm of . . . Shooters & Stammers, CPAs.

Their motto? "What we did for Enron, we can do for the University of Memphis."


Of all the types of fan on message boards, maybe the strangest are the ones who, despite having no access to any of the records, think they know accounting better than the accountants who work for and at the school. You know, the ones who swear at risk of forfeiture of their licenses that the numbers are true and accurate.

I know common sense better.

2014
- Ranked all but 2 weeks of the regular season
- Coming off of 3 seasons making the tournament with 1 win
- Home games against Louisville, Gonzaga, Cincinnati, UConn, SMU

16,121 reported attendance per game
290,183 reported attendance total

2017
9,622 reported attendance per game
173,208 reported attendance total

- 116,975 more tickets sold in 2014
- 67.5% MORE tickets sold in 2014
- Ticket revenue and donations supposedly only 25% higher in 2014

Quote:Under Smith, however, overall men’s basketball revenue rose for the first time since 2013. It was due to an increase in distributions from the NCAA, in part from hosting the 2017 NCAA tournament South regional at FedExForum, as well as money generated by parking sales.

Now we are getting somewhere. The South Regional with North Carolina, Kentucky, UCLA and Butler competing and parking sales count toward 2017 Memphis Tiger basketball revenues?

NCAA distributions for basketball for 2017 were more than they were for 2014? The contract hasn't changed, how is that possible? Plus we actually played in the 2011, 2012, 2013 and 2014 NCAA Tournaments. Don't we get some money from that? Mind boggling.

2014 NCAA Tournament
- 4 Bids, Memphis, UConn, Louisville, Cincinnati
- Record 9-3
- UConn - National champion
- Louisville - Sweet 16
- Memphis - Round of 32
- Cincinnati - Round of 64

2017 NCAA Tournament
- 2 Bids, SMU, Cincinnati
- Record 1-2
- Cincinnati - Round of 32
- SMU - Round of 64

Why do revenues from hosting the South Regional get credited to Memphis basketball, but revenues for hosting the Southern Heritage Classic and Liberty Bowl not get credited to Memphis football? Did Memphis basketball get credited for revenues from ticket sales and parking in 2014 when we hosted the AAC Tournament?

Anyway, anyone who believes that ticket revenue and donations in 2014, coming off of 3 NCAA appearances, ranked the entire season, with marquee home games against Louisville, UConn, Gonzaga, Cincinnati and SMU were only 25% higher than 2017 is an idiot.

No coincidence that the only ones fighting tooth and nail are the usual handful of Tubby sheeples.

(02-25-2018 02:02 PM)Tygrys Wrote:  

(02-25-2018 12:09 PM)Unionman76 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

auditors expressed no opinion

for entertainment purposes only

You are reading the wrong report. They expressed no opinion on the internal controls of the organization. Internal control audits are not required for NPOs but audits done under governmental standards are required to include an evaluation of internal controls and include the report stating they did so. The financial statements themselves had an unmodified opinion expressed, meaning in their opinion the financial statement are materially correct in all respects.

Sent from my SM-G955U using CSNbbs mobile app

And how it that relevant to difference in revenue in only $200 per season ticket based on reported revenues in 2012 and 2017?

“Under Smith, however, overall men’s basketball revenue rose for the first time since 2013. It was due to an increase in distributions from the NCAA, in part from hosting the 2017 NCAA tournament South regional at FedExForum, as well as money generated by parking sales.”

And for the above statement to be true, I can assure you there was a helluva lot of creative accounting going on. Why do you think Bowen waited until now to release these tidbits? To take the increbible amount of heat off Tubby.

Auditors normally don’t give a s*** about creative accounting on non profits. I was told the audits are a joke compared to a for profit company of half the size.

(02-25-2018 05:31 PM)Shooters Wrote:  

(02-25-2018 02:02 PM)Tygrys Wrote:  

(02-25-2018 12:09 PM)Unionman76 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  

(02-25-2018 11:25 AM)macgar32 Wrote:  It blows my mind that some on here will argue with people who have direct access to records and all they have is speculation...

It shows all you need to know when you enter a discussion with them.

You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

auditors expressed no opinion

for entertainment purposes only

You are reading the wrong report. They expressed no opinion on the internal controls of the organization. Internal control audits are not required for NPOs but audits done under governmental standards are required to include an evaluation of internal controls and include the report stating they did so. The financial statements themselves had an unmodified opinion expressed, meaning in their opinion the financial statement are materially correct in all respects.

Sent from my SM-G955U using CSNbbs mobile app

And how it that relevant to difference in revenue in only $200 per season ticket based on reported revenues in 2012 and 2017?

“Under Smith, however, overall men’s basketball revenue rose for the first time since 2013. It was due to an increase in distributions from the NCAA, in part from hosting the 2017 NCAA tournament South regional at FedExForum, as well as money generated by parking sales.”

And for the above statement to be true, I can assure you there was a helluva lot of creative accounting going on. Why do you think Bowen waited until now to release these tidbits? To take the increbible amount of heat off Tubby.

Auditors normally don’t give a s*** about creative accounting on non profits. I was told the audits are a joke compared to a for profit company of half the size.

You were told wrong... I do it for a living.

Or please let me know the CPA firm that feels this way, I would love to take their clients...

Sent from my SM-G955U using CSNbbs mobile app

(02-23-2018 02:30 PM)Tigx Wrote:  

(02-23-2018 02:15 PM)Tiger87 Wrote:  

(02-22-2018 01:26 PM)Tigx Wrote:  

(02-22-2018 01:19 PM)NigelTufnel Wrote:  

(02-21-2018 03:23 PM)Sundanceuiuc Wrote:  Our own Stammers is internet famous. Take a bow my friend.

Famous for being incorrect?

Stams was only off by 90%, so one his his more accurate statements.

There is a precedent. Remember the NCAA tourney projections last year?

No, but I'm sure I was mainly ignoring him last spring too.

He was throwing around a number for the economic impact of the NCAA regionals in Memphis that was at least 5x the actual number. Big debate. Then the real numbers came out - he was way off. I actually appreciate some of his posts on the games and players. But he's shown numbers just ain't his thang. And he has a habit of jumping into arguments without really grasping the entire context.

(02-25-2018 10:52 PM)Tiger87 Wrote:  

(02-23-2018 02:30 PM)Tigx Wrote:  

(02-23-2018 02:15 PM)Tiger87 Wrote:  

(02-22-2018 01:26 PM)Tigx Wrote:  

(02-22-2018 01:19 PM)NigelTufnel Wrote:  Famous for being incorrect?

Stams was only off by 90%, so one his his more accurate statements.

There is a precedent. Remember the NCAA tourney projections last year?

No, but I'm sure I was mainly ignoring him last spring too.

He was throwing around a number for the economic impact of the NCAA regionals in Memphis that was at least 5x the actual number. Big debate. Then the real numbers came out - he was way off. I actually appreciate some of his posts on the games and players. But he's shown numbers just ain't his thang. And he has a habit of jumping into arguments without really grasping the entire context.

Quote:"This is basketball Mecca today in the United States!” said Kevin Kane, President of Memphis Convention and Tourism Bureau.

Kane said $5 million is being pumped into the local economy on what is normally a slow weekend."

(03-27-2017 12:30 PM)tiger2000 Wrote:  

(03-13-2017 09:07 PM)Penny Lane Wrote:  It's only about a $30M economic impact for that weekend. But Avery is worth it right?

That dude is the Michael Jordan of being wrong.

(02-25-2018 07:40 PM)Tygrys Wrote:  

(02-25-2018 05:31 PM)Shooters Wrote:  

(02-25-2018 02:02 PM)Tygrys Wrote:  

(02-25-2018 12:09 PM)Unionman76 Wrote:  

(02-25-2018 11:53 AM)Shooters Wrote:  You are so smart! Public nonprofits are REQUIRED to publish their financials. So this is speculation?

http://www.memphis.edu/foundation/docs/f...ncials.pdf

Spend your day(s) reading these and get back with me slick.

auditors expressed no opinion

for entertainment purposes only

You are reading the wrong report. They expressed no opinion on the internal controls of the organization. Internal control audits are not required for NPOs but audits done under governmental standards are required to include an evaluation of internal controls and include the report stating they did so. The financial statements themselves had an unmodified opinion expressed, meaning in their opinion the financial statement are materially correct in all respects.

Sent from my SM-G955U using CSNbbs mobile app

And how it that relevant to difference in revenue in only $200 per season ticket based on reported revenues in 2012 and 2017?

“Under Smith, however, overall men’s basketball revenue rose for the first time since 2013. It was due to an increase in distributions from the NCAA, in part from hosting the 2017 NCAA tournament South regional at FedExForum, as well as money generated by parking sales.”

And for the above statement to be true, I can assure you there was a helluva lot of creative accounting going on. Why do you think Bowen waited until now to release these tidbits? To take the increbible amount of heat off Tubby.

Auditors normally don’t give a s*** about creative accounting on non profits. I was told the audits are a joke compared to a for profit company of half the size.

You were told wrong... I do it for a living.

Or please let me know the CPA firm that feels this way, I would love to take their clients...

Sent from my SM-G955U using CSNbbs mobile app

Well I defer to a CPA on audits and what not but I can’t defer on the simple equation that puts tickets in 2012 at $11 each with per seat donation. Say I missed it by 100%. That would put tickets at $22 ea as stated above. THIS IS NOT POSSIBLE. THE LOWER LEVEL AND CLUB WERE PACKED for a decent game. I had average LL seats. In the corner; my cost per ticket, per game was $175 ea. And I bought 5. It was like a major expense to go to a game. That doesn’t count parking which was $25, food $150, beer $200. I know those revenues go to Grizz.

But explain where my equation is flawed.

(02-25-2018 11:13 PM)BandwagonJumper Wrote:  

(02-25-2018 10:52 PM)Tiger87 Wrote:  

(02-23-2018 02:30 PM)Tigx Wrote:  

(02-23-2018 02:15 PM)Tiger87 Wrote:  

(02-22-2018 01:26 PM)Tigx Wrote:  Stams was only off by 90%, so one his his more accurate statements.

There is a precedent. Remember the NCAA tourney projections last year?

No, but I'm sure I was mainly ignoring him last spring too.

He was throwing around a number for the economic impact of the NCAA regionals in Memphis that was at least 5x the actual number. Big debate. Then the real numbers came out - he was way off. I actually appreciate some of his posts on the games and players. But he's shown numbers just ain't his thang. And he has a habit of jumping into arguments without really grasping the entire context.

Quote:"This is basketball Mecca today in the United States!” said Kevin Kane, President of Memphis Convention and Tourism Bureau.

Kane said $5 million is being pumped into the local economy on what is normally a slow weekend."

(03-27-2017 12:30 PM)tiger2000 Wrote:  

(03-13-2017 09:07 PM)Penny Lane Wrote:  It's only about a $30M economic impact for that weekend. But Avery is worth it right?

That dude is the Michael Jordan of being wrong.

That's what I was thinking of. But it's "Penny Lane" instead of Stammers. Weird that I got those 2 confused...

(03-01-2018 02:57 PM)Tiger87 Wrote:  

(02-25-2018 11:13 PM)BandwagonJumper Wrote:  

(02-25-2018 10:52 PM)Tiger87 Wrote:  

(02-23-2018 02:30 PM)Tigx Wrote:  

(02-23-2018 02:15 PM)Tiger87 Wrote:  There is a precedent. Remember the NCAA tourney projections last year?

No, but I'm sure I was mainly ignoring him last spring too.

He was throwing around a number for the economic impact of the NCAA regionals in Memphis that was at least 5x the actual number. Big debate. Then the real numbers came out - he was way off. I actually appreciate some of his posts on the games and players. But he's shown numbers just ain't his thang. And he has a habit of jumping into arguments without really grasping the entire context.

Quote:"This is basketball Mecca today in the United States!” said Kevin Kane, President of Memphis Convention and Tourism Bureau.

Kane said $5 million is being pumped into the local economy on what is normally a slow weekend."

(03-27-2017 12:30 PM)tiger2000 Wrote:  

(03-13-2017 09:07 PM)Penny Lane Wrote:  It's only about a $30M economic impact for that weekend. But Avery is worth it right?

That dude is the Michael Jordan of being wrong.

That's what I was thinking of. But it's "Penny Lane" instead of Stammers. Weird that I got those 2 confused...

Is it?

(02-25-2018 11:33 PM)Shooters Wrote:  

(02-25-2018 07:40 PM)Tygrys Wrote:  

(02-25-2018 05:31 PM)Shooters Wrote:  

(02-25-2018 02:02 PM)Tygrys Wrote:  

(02-25-2018 12:09 PM)Unionman76 Wrote:  auditors expressed no opinion

for entertainment purposes only

You are reading the wrong report. They expressed no opinion on the internal controls of the organization. Internal control audits are not required for NPOs but audits done under governmental standards are required to include an evaluation of internal controls and include the report stating they did so. The financial statements themselves had an unmodified opinion expressed, meaning in their opinion the financial statement are materially correct in all respects.

Sent from my SM-G955U using CSNbbs mobile app

And how it that relevant to difference in revenue in only $200 per season ticket based on reported revenues in 2012 and 2017?

“Under Smith, however, overall men’s basketball revenue rose for the first time since 2013. It was due to an increase in distributions from the NCAA, in part from hosting the 2017 NCAA tournament South regional at FedExForum, as well as money generated by parking sales.”

And for the above statement to be true, I can assure you there was a helluva lot of creative accounting going on. Why do you think Bowen waited until now to release these tidbits? To take the increbible amount of heat off Tubby.

Auditors normally don’t give a s*** about creative accounting on non profits. I was told the audits are a joke compared to a for profit company of half the size.

You were told wrong... I do it for a living.

Or please let me know the CPA firm that feels this way, I would love to take their clients...

Sent from my SM-G955U using CSNbbs mobile app

Well I defer to a CPA on audits and what not but I can’t defer on the simple equation that puts tickets in 2012 at $11 each with per seat donation. Say I missed it by 100%. That would put tickets at $22 ea as stated above. THIS IS NOT POSSIBLE. THE LOWER LEVEL AND CLUB WERE PACKED for a decent game. I had average LL seats. In the corner; my cost per ticket, per game was $175 ea. And I bought 5. It was like a major expense to go to a game. That doesn’t count parking which was $25, food $150, beer $200. I know those revenues go to Grizz.

But explain where my equation is flawed.

Okay, sure - you're assuming attendance = tickets sold. It doesn't. That's your flaw. Although a good number of donors have stepped away from their season tix, the vast majority of season ticket holders/donors have remained (they just don't go to the games religiously like they used to . . .). Also, I hear tell that the whales have upped their donation levels over the past few years.