No, of course not. But like I said, closer to zero than $160 million. I didn't say zero.
the school has a $5 billion budget and can absorb it for one season
Penn State Athletics Will Lose $100 Million — If No Fall Football — And Happy Valley Faces Disaster
- Thread starter Frank Sheeran
- Start date
No, of course not. But like I said, closer to zero than $160 million. I didn't say zero.
the school has a $5 billion budget and can absorb it for one season
I think you have it reversed.
If past policy holds, the school will have the Athletic Department borrow to fund the deficit. It will take years, or some serious financial restructuring, to pay that off.
If they only had Barron's new Art Museum open, all would be well. The hundreds of thousands of tourists drawn to the one of a kind facility would easily have offset the lost football revenue.
Except when the University can no longer say that "no tuition dollars or state go to running that Athletic Department." Ask the President and AD of Rutgers how much easier life would be if they didn't have to explain the department deficit to Trenton each year. It's not as if Fats has fun squeezing more dollars from Harrisburg.
And I am fairly sure they are still honoring scholarships, so they also still have to be paid out.
Cost structure was a lot smaller eight years ago.
Athletic Department had larger issues than this with financing its capital expenditure plans.
so you criticize the school for not diversifying and then follow it with saying you hope it becomes even less diverse on the other side.
how exactly would you have liked to see the school and the rest of state college since happy valley is more than just diversify post Sandusky? The school is for all intents and purposes in the middle of nowhere. What business community do you think they were going to snap their fingers and attract. Also, seems more like a State College issue to tackle than the university’s unless you wanted that business community actually setting up on campus.
Scholarships, salaries, leases & debt service, and overheads add up to $112mm. I'm sure some dollars could be knocked out of that, but as much or more could be added from numbers that I'm not including.
I say let it fail and start over. College sports became absurd over the last 20 years. A bubble that had to pop one day
And please ignore the politicians and close some branch campuses. It's beyond antiquated at this point
Denial is a coping mechanism — That gives you time to adjust to a Distressing Situation.
Why would we want Happy Valley to be financially Decimated? It’s illogical.
We want entrepreneurs like Sapia, Rallis, J.R., Lucchese and many others to be profitable downtown. That’s the student oriented business phase that many have enjoyed (within reason of course).
We need more Trickle Down Economics.
People complain that PSU competes with many local stores & small businesses— I agree with that assessment.
If You Are In Denial, You’re Trying To Protect Yourself By Refusing To Accept The Truth.
We Are all in this together.
No overt Negativity.
I’ll never forget when The Steel Mills shut down in Pittsburgh. Men crying, despondent wives and children too young to understand the gravity of the situation.
Never Again.
Penn State and The State College Are can overcome the business downswing — But, it’s going to take some time.
Ciao
Why would we want Happy Valley to be financially Decimated? It’s illogical.
We want entrepreneurs like Sapia, Rallis, J.R., Lucchese and many others to be profitable downtown. That’s the student oriented business phase that many have enjoyed (within reason of course).
We need more Trickle Down Economics.
People complain that PSU competes with many local stores & small businesses— I agree with that assessment.
If You Are In Denial, You’re Trying To Protect Yourself By Refusing To Accept The Truth.
We Are all in this together.
No overt Negativity.
I’ll never forget when The Steel Mills shut down in Pittsburgh. Men crying, despondent wives and children too young to understand the gravity of the situation.
Never Again.
Penn State and The State College Are can overcome the business downswing — But, it’s going to take some time.
Ciao
Penn State needs to do eliminate fifteen, if not more, athletic programs. Any program that does not turn a profit or at very least breaks even, should be on chopping block. Nothing wrong with having those programs become club sports. Makes no sense having 27 sports programs of which 20 plus lose money.
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You think that Barbour is going to work her way out of a job? Nah.
That would be all but 2 programs btw, but then you'd need to keep a bunch of women's programs due to title 9
Three, but even if the rest were eliminated, it would just be the tip of the iceberg.
Men's hockey. Wrestling runs one of the larger deficits, second only to WBB, which is by far the biggest suck at over $5mm p.a.
.
I’m pretty sure if ESPN gave them a lot of TV exposure they’ll be as popular as football.
That still doesn't approach what PSU deliberately pissed away in their effort to smear Paterno and the football program.
Beware!
I bear more grudges —
Than lonely high court judges.
I will creep into your thoughts —
Like a bad debt —
That you can’t pay.
Take the easy way — and give in.
IT’’S WAR!
On my way to Scranton... and then back to Happy Valley — D-Day for the Students soon
I bear more grudges —
Than lonely high court judges.
I will creep into your thoughts —
Like a bad debt —
That you can’t pay.
Take the easy way — and give in.
IT’’S WAR!
On my way to Scranton... and then back to Happy Valley — D-Day for the Students soon
Don't stop in Hazelton to take a leak. The cases have been blowing up there lately.
Player parents urge PSU, et all, to still have a season. Many feel kids are safer in the team "bubble" than at home.
Liability Rules These Days — Makes you wonder when in person classes at Penn State will be abolished.
I was optimistic that Pegula Arena’s opening on 8/17 would be a positive for the students, youth hockey, Men’s hockey and of course the Men’s and Women’s Varsity and Club Teams. Not feeling positive vibes much now.
Happy Valley Needs some Vibrant Positive Leadership— Or ...
I was optimistic that Pegula Arena’s opening on 8/17 would be a positive for the students, youth hockey, Men’s hockey and of course the Men’s and Women’s Varsity and Club Teams. Not feeling positive vibes much now.
Happy Valley Needs some Vibrant Positive Leadership— Or ...
PSU lost $200m because of how they managed the Sandusky scandal. The BOT probably thinks what's another $100m?
The economic impact to State College is going to be many multiples of $100m.
Especially if they send the students home. PSU Football economic impact on the State of Pa is $200+ million! SC will limp to the end of the year if the governor doesn’t loosen his indoor meeting capacity of 25. The area can’t host youth tournaments at that level and many want to come to HV!
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