Penn State Athletics Will Lose $100 Million — If No Fall Football — And Happy Valley Faces Disaster

[Frank Sheeran]

CBS Reports: Power 5 AD’s: ‘Inevitable’ 2020 College Football Season will not be played this fall according to 2 Power 5 AD’s — Neither would go on the record due to the sensitivity.

Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.

In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.

The Snowball effect will mean Layoffs (or worse) at Penn State.

Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.

Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.

Stay tuned ...

 

[PearlSUJam]

CBS Reports: Power 5 AD’s: ‘Inevitable’ 2020 College Football Season will not be played this fall according to 2 Power 5 AD’s — Neither would go on the record due to the sensitivity.

Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.

In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.

The Snowball effect will mean Layoffs (or worse) at Penn State.

Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.

Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.

Stay tuned ...

Stay tuned for what? This shit has been hashed out here for 2 days.

 

[ILLINOISLION]

WHY WHY WHY start a new thread?

 

[MaconNitt]

this schtick is getting old real quick

 

[Frank Sheeran]

Thanks for the tip. Gotta start reading the threads more...

 

[LDandy]

Wait if there’s no football season or the hundreds of thousands of fans who patronize local businesses this could lead to financial hardship for the economy of Centre County? Truly mind blowing information.

 

[Frank Sheeran]

Guaranteed that we know Happy Valley better than you. But, thanks you took the time to reply...

 

[PearlSUJam]

Thanks for the tip. Gotta start reading the threads more...

Hey good to know you know what the emoji's mean here. Posters that rarely post don't know how to do that.

 

[MaconNitt]

There will be a lot of economic devastation from this "COVED" thingy besides Happy Valley.

I think Frank should do us all a favor and paint his own house

 

[Lion8286]

this schtick is getting old real quick

It was getting old months ago. Now it's considered an artifact.

 

[Frank Sheeran]

Maybe we can break some bread — You can fill me in — We can always use another contact — We help people ...

 

[Lion8286]

Maybe we can break some bread — You can fill me in — We can always use another contact — We help people ...

First, help yourself.

 

[Gorki26]

CBS Reports: Power 5 AD’s: ‘Inevitable’ 2020 College Football Season will not be played this fall according to 2 Power 5 AD’s — Neither would go on the record due to the sensitivity.

Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.

In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.

The Snowball effect will mean Layoffs (or worse) at Penn State.

Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.

Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.

Stay tuned ...

Hey Frank Sheeran I have to ask what made you come up with the handle name "Frank Sheeran?"

 

[ChiTownLion]

Thanks again, China. This could have been a legendary year for Penn State football. And now the entire AD and surrounding community has to go down like the Titanic because we're not allowed to have nice things.

 

[PSUQBKeeper]

Hey Frank Sheeran I have to ask what made you come up with the handle name "Frank Sheeran?"

Ed's brother

 

[Op2]

If all the rest of the sports aside from football and men's basketball didn't happen then nothing bad would happen financially. If the world is going to end financially if football doesn't happen then maybe that should give us a new appreciation for what football does financially and a realization of what the rest of the sports don't do financially.

 

[Frank Sheeran]

Hey ChiTown, Glad to see you.

Those were the days — When we fought to defend JoePa and counter the Corruption that emanated from Harrisburg.

Glad to see justice finally being served

Remember when I ‘Called It’ for Schultz & Curley to
take a minor plea? — They couldn’t possibly beat the PA corruption. F... Them

 

[Psualum2007]

Goddam China Virus!!

 

[Frank Sheeran]

Please Lord help the common folk of Centre County, who work hard to support their families and relatives in order to get through these forthcoming difficult financial times.

 

[ThePennsyOracle]

@Tom McAndrew, please ban this idiot.

 

[ThePennsyOracle]

Thanks again, China. This could have been a legendary year for Penn State football. And now the entire AD and surrounding community has to go down like the Titanic because we're not allowed to have nice things.

Do us all a favor and jump.

 

[jimjim47]

I am sure James Franklin and his staff will happily give up some of their salary to help out PSU.

 

[ThePennsyOracle]

So, any guesses on the usual board name of @Frank Sheeran? My money was on Barry but I’m not sure.

 

[NC2017]

CBS Reports: Power 5 AD’s: ‘Inevitable’ 2020 College Football Season will not be played this fall according to 2 Power 5 AD’s — Neither would go on the record due to the sensitivity.

Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.

In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.

The Snowball effect will mean Layoffs (or worse) at Penn State.

Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.

Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.

Stay tuned ...

One would think that after the Sandusky near death experience, however unfair, that the whiz kids at PSU would have realized Happy Valley is a one horse show, and decide to diversify. Instead of attracting a business community it "invested" in foreign exchange students who paid full tuition and new housing for them. When we recover, I hope PSU returns to smaller, more Pennsylvania centric university.

 

[ClarkstonMark]

So, any guesses on the usual board name of @Frank Sheeran? My money was on Barry but I’m not sure.

Unless Barry is on major meds, can’t be him. So, no idea. but his “breaking news” of the obvious is getting old.

 

[Obliviax]

Why do frank’s posts make people so angry? I don’t understand the

 

[The Spin Meister]

One would think that after the Sandusky near death experience, however unfair, that the whiz kids at PSU would have realized Happy Valley is a one horse show, and decide to diversify. Instead of attracting a business community it "invested" in foreign exchange students who paid full tuition and new housing for them. When we recover, I hope PSU returns to smaller, more Pennsylvania centric university.

So I guess investing millions off campus in the Innovation Center has nothing to do with diversifying the economic base of HV.

 

[bison13]

I am sure James Franklin and his staff will happily give up some of their salary to help out PSU.

I'm sure they will/have. What about Harbaugh?

 

[rmem]

I am sure James Franklin and his staff will happily give up some of their salary to help out PSU.

And your coach will donate some boogers to help with the cause.

 

[PearlSUJam]

And your coach will donate some boogers to help with the cause.

He'll donate boogers? Hell no. They're too damn tastey.

 

[Connorpozlee]

Why do frank’s posts make people so angry? I don’t understand the

I’m with you. I don’t get it.

 

[jimjim47]

And your coach will donate some boogers to help with the cause.

He has already donated 10% of his salary. Just waiting for Franklin to show how much he "cares" for good ole PSU.

 

[PearlSUJam]

He has already donated 10% of his salary. Just waiting for Franklin to show how much he "cares" for good ole PSU.

After always ending up 3rd in the B1G, he should "donate" 1/3 of his salary permanently. How do you know that Franklin didn't take a pay cut?

Besides, here's how he cares for good ole PSU. Did Jim Bob do anything do anything like this?

"James Franklin announced on Friday that he and his wife Fumi have raised $462,500 for the Franklin Family Educational Equity Scholarship.

The full tuition scholarship, which was established in 2019, will be given out to one Penn State student."

 

[Player2BNamedL8r]

He has already donated 10% of his salary. Just waiting for Franklin to show how much he "cares" for good ole PSU.

Even with 10% less, Jimmah is still the worst investment in CFB. That is unless you like paying top dollar for 3rd place finishes.

 

[step.eng69]

One would think that after the Sandusky near death experience, however unfair, that the whiz kids at PSU would have realized Happy Valley is a one horse show, and decide to diversify. Instead of attracting a business community it "invested" in foreign exchange students who paid full tuition and new housing for them. When we recover, I hope PSU returns to smaller, more Pennsylvania centric university.

Not with Ira's & dumley's plans for a casino in State College. They'll build the casino in the future, ln the mean time they'll start to buy the properties of failed business, and create new resturants and shops for casino customers that make a mini vacation of gambling and a mini SC vacation.

 

[TheBigUglies]

So I guess investing millions off campus in the Innovation Center has nothing to do with diversifying the economic base of HV.

Ummm, I live in State College, what is this Innovation Center you speak of because I haven't heard of it. If you mean Innovation Park, then PSU pretty much filled those buildings with HR and other PSU units like World Campus and Outreach. No one wants to work out there because it is on an island among farmland. No where to walk to get lunch, you have to hop in your car to get anywhere from there.

 

[HartfordLlion]

After always ending up 3rd in the B1G, he should "donate" 1/3 of his salary permanently. How do you know that Franklin didn't take a pay cut?

Besides, here's how he cares for good ole PSU. Did Jim Bob do anything do anything like this?

"James Franklin announced on Friday that he and his wife Fumi have raised $462,500 for the Franklin Family Educational Equity Scholarship.

The full tuition scholarship, which was established in 2019, will be given out to one Penn State student."

View embedded media

Big difference between "raised" and "gives".

 

[fairfaxlion2]

The telling statement is that Athletics spent $160 million and showed a profit of $4 million.

Meaning that $160 million out of $164 million in athletic revenue went right back into athletics.

If there are no sports then that cost is much closer to zero than $160 million.

Don't expect a journalist to figure it out

 

[LionDeNittany]

The telling statement is that Athletics spent $160 million and showed a profit of $4 million.

Meaning that $160 million out of $164 million in athletic revenue went right back into athletics.

If there are no sports then that cost is much closer to zero than $160 million.

Don't expect a journalist to figure it out

Except salaries do not stop being paid.

LdN

 

[MtNittany]

My heart pumps piss for them. Sorry.