Posted on gomeangreen.com by LongJim

Stadiums Top Stocks as Colleges Bet Football Is Recession-Proof

By Curtis Eichelberger

April 29 (Bloomberg) -- The University of Texas is profiting from a decision to renovate its football stadium four years ago instead of investing in securities.

As the worst recession since the Great Depression beat down the S&P 500 Index 41 percent between July 2, 2007, and July 1, 2009, and caused more than 8 million job losses, athletic departments such as Texas and Louisiana State University used their on-field success to drive increases in operating revenue.

Among the largest schools -- the nine with at least $90 million in operating revenue -- the biggest winners were Texas, up 32 percent to $138.5 million; LSU, up 32 percent to $100.9 million; and Texas A&M, up 33 percent to $98.1 million, according to a review of athletic department financial records.

FULL ARTICLE
http://www.bloomberg.com/apps/news?pid=2...6aw&pos=14

(04-29-2010 03:57 PM)MeanGreen61 Wrote:  Posted on gomeangreen.com by LongJim

Stadiums Top Stocks as Colleges Bet Football Is Recession-Proof

By Curtis Eichelberger

April 29 (Bloomberg) -- The University of Texas is profiting from a decision to renovate its football stadium four years ago instead of investing in securities.

As the worst recession since the Great Depression beat down the S&P 500 Index 41 percent between July 2, 2007, and July 1, 2009, and caused more than 8 million job losses, athletic departments such as Texas and Louisiana State University used their on-field success to drive increases in operating revenue.

Among the largest schools -- the nine with at least $90 million in operating revenue -- the biggest winners were Texas, up 32 percent to $138.5 million; LSU, up 32 percent to $100.9 million; and Texas A&M, up 33 percent to $98.1 million, according to a review of athletic department financial records.

FULL ARTICLE
http://www.bloomberg.com/apps/news?pid=2...6aw&pos=14

So what's Troy going to name its stadium now that Movie Gallery is going out of business?


I'm sure there's no shortage of creative Sunbelt fans that would love to help our Trojan brothers out.

Suggestions?