(11-28-2022 10:23 PM)thagr82008 Wrote: (11-28-2022 07:45 PM)jsw3ent Wrote: (11-28-2022 03:57 PM)Marc Mensa Wrote: (11-28-2022 03:38 PM)tigerfan39 Wrote: (11-28-2022 01:26 PM)Marc Mensa Wrote: The stadium is the reason we did not get an invite. Ive heard it from too many people who would know.
yeah, right.
The sudden urgency by our proactive administration to put forth a stadium plan, soon after UC, UCF & UH were announced to the Big 12, was not a coincidence.
You're correct--it wasn't a coincidence ------it was merely an attempt to cover their asses for pure incompetence ---it was an excuse to take the pressure off of themselves .
It's REALLY AMAZING, the moment that we are in right now.....This is an absolute breaking point. I honestly feel that we have to take over this situation and put forth an immense effort to toss this admin and control the destiny of Memphis The University....Even through legal procedure...Steps must be made, action must be taken, we are being strung along and made absolute fools of.....Where is the accountability....Stammers has a valid point.....After all of these funds, then what? There is NOTHING planned, there is NOTHING defined....We could look up in 5-10 years and be in even worse position if there is no accountability
The accountability isn't the admin, it is us, the fanbase. Do you really think we wouldn't have an OCS if we could raise the money? At $150 million 15 years ago it was completely doable. At $300 - $400 million today, it doesn't seem to be. If the whales would donate $300 million it would probably happen. The internal study said our ceiling for donations was $200 million.
Cincinnati has enrollment of 44,000 and an endowment of $1.7 billion. They raised $85 million for their renovation.
Houston has an enrollment of 46,000 and an endowment of $1.7 billion. They took a long time to build their stadium and it only cost $128 million.
UCF has an enrollment of 70,000 and an endowment of only $200 million and they built a cheap stadium for $74 million. If their students only give $150 per semester, that is $21 million per year without any additional funding.
We have an enrollment of 22,000 and an endowment of $221 million. The time to do it was 10 years ago, when a really nice stadium would have cost $150 million. Unfortunately we had a complete idiot in RC and a president that didn't care about sports in Raines. IF Rudd, Brad Martin, and Bowen were around back then, we would have our stadium.
So again, the ceiling for donations seems to be $200 million. What do you do if the stadium comes in at $400 million? We had trouble raising $20 million for an IPF.