(07-06-2017 10:23 PM)arkstfan Wrote:  

(07-06-2017 10:09 PM)Fighting Muskie Wrote:  I'm a little shocked to see Arkansas St on here. Are they doing some fancy accounting down there or something? It's odd that C-USA would pass up on a program with such a good financial footing then again all of their expansion moves have been about chasing markets.

No fancy accounting. Some big one-time gifts to fund a new press box with suites, club seating and loge boxes.

For example the bank that had our naming rights deal was bought out. The new owner helped fund the renovation by paying the present value of the entire deal in a lump sum. The owner of the bank that bought the bank out, donated $5 million personally toward the renovation.

That plus other giving and first year payments on premium seating (7 year commitments) and new record season ticket sales boosted revenue nearly $15 million while school subsidy dropped by $1 million so budget goes up $14 million for the year.

Umm...two paragraphs equals fancy. But kudos for getting r done

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