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ACCN profit rumors?
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Hallcity Offline
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Post: #41
RE: ACCN profit rumors?
David Teel is tweeting about a long interview he just had with Commissioner Swofford. He says he was told the Commissioner "Believes ACC's distributions to member schools for 2019-20 will be about 5% less than projections. That's less than $2M/school."

Doing a little math, that indicates that the distribution would have been close to but under $40 million per school. That's for 2019-20. We'll see about the next school year.
04-24-2020 01:16 PM
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TIGER-PAUL Offline
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Post: #42
RE: ACCN profit rumors?
so say projected 38m, but will be 36.1m?
04-24-2020 02:05 PM
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Hokie Mark Offline
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Post: #43
RE: ACCN profit rumors?
(04-24-2020 01:16 PM)Hallcity Wrote:  David Teel is tweeting about a long interview he just had with Commissioner Swofford. He says he was told the Commissioner "Believes ACC's distributions to member schools for 2019-20 will be about 5% less than projections. That's less than $2M/school."

Doing a little math, that indicates that the distribution would have been close to but under $40 million per school. That's for 2019-20. We'll see about the next school year.

Well the lost basketball revenue alone is worth close to $2 million, so it sounds like everything else was about right on schedule, then?
04-24-2020 04:26 PM
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Hokie Mark Offline
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Post: #44
RE: ACCN profit rumors?
(04-24-2020 02:05 PM)TIGER-PAUL Wrote:  so say projected 38m, but will be 36.1m?

Last year the ACC announced distributions of around $30M/school - so this would represent a pretty significant increase nonetheless.
04-27-2020 08:31 AM
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