quo vadis
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I Root For: USF/Georgetown
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RE: 2018-2019 Gross Total Revenue for the G5
(04-04-2020 11:58 AM)JRsec Wrote: (04-04-2020 09:46 AM)quo vadis Wrote: (04-03-2020 01:18 PM)Kit-Cat Wrote: (03-28-2020 06:01 PM)DFW HOYA Wrote: These are not revenues. These are offsets to expenses.
Gross athletic expenditures.
Back in 2010-2014 these numbers mattered for G5 universities trying to position up for the P5. As we speak in April 2020 lower is better because those reliant on bigger money sources are going to take a hit when those dry up.
I agree with that. The more bloated you are by funny money the more exposed you appear to be. Though I admit there is just so much uncertainty. E.g., it might be that these bloated state schools that rely on $25m transfers to fund $60m budgets might get some kind of federal or state bailout that makes them whole. Not likely, but we just don't know what is going to happen.
P5 schools that actually make money on athletics will suffer too, but that will be in the sense of not making the big profit they are used to making thanks to coming big cuts in home attendance and media money. Especially P5 that have already prospectively spent some of that expected, and now not to be realized, money.
Quo, the issue is other. For the large schools TV revenue, which is increasing, is still no greater, as we speak, than 1/3rd to 1/4th of the total pie. I call that the funny money.
What's going to really hammer all schools is the loss of 30% of the NET worth of their donors due to % of collapse of stocks, and that's only if their industry, like O&G, hasn't been crushed.
The speed with which major donors recover will be the speed with which the schools recover. TV money will be up and running with the sport. Attendance and donations will lag and in some cases significantly.
I think we're all in uncharted waters to a certain extent. Heck I'm not sure I'm going to be alive in three months, could catch the virus at any time.
I wonder about donors, though. I mean, if you were worth $300 million in January and $200 million in July, does that mean you cancel a $400,000 donation to Alabama football? Did Alabama suffer a big decline in athletic donations in 2008 when the economy sank?
I just don't know.
(This post was last modified: 04-04-2020 12:44 PM by quo vadis.)
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04-04-2020 12:42 PM |
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