Michigan AD 240 Million in Debt

[VolnJC]

Should we start a GoFundMe account for them?

Michigan's debt is expected to grow to $371 million by 2046, which is still lower than Cal's current $445-million debt.

Michigan athletic department $240M in debt

 

[508mikey]

They trips to Italy to pay for

 

[Orange_Vol1321]

To many sleepovers IMO.

 

[eskimovol]

Genuinely impressive.

 

[DancingOutlaw]

Fairly misleading. Like any business they've used debt to finance expansion. Between TV rights, endorsements, merch, tickets, etc. they're in good shape to pay that back with no issue.

 

[butchna]

How ? :huh:

 

[jpope9]

Didn't they make more than that just on the Nike deal?

 

[IluvdoubleD's]

The reason your tuitions are a lifetime chain hung around your neck.

 

[wmcovol]

If you aint spendin, you aint trying.

 

[WallyBalls]

Didn't they make more than that just on the Nike deal?

No.

The deal was for $173M, but about $57M was in product. Cash was about $53M over 11 years, plus a signing bonus of around 10 or 12M.

 

[utvolpj]

The reason your tuitions are a lifetime chain hung around your neck.

No, not even close

 

[VolnJC]

Fairly misleading. Like any business they've used debt to finance expansion. Between TV rights, endorsements, merch, tickets, etc. they're in good shape to pay that back with no issue.

Doesn't something have to give with these huge TV contracts though? ESPN is losing thousands of subscribers every quarter.

 

[Volunteer_Kirby]

Should we start a GoFundMe account for them?

Michigan's debt is expected to grow to $371 million by 2046, which is still lower than Cal's current $445-million debt.

Michigan athletic department $240M in debt

Werent we at 200+M a few years ago? I think we're still the highest in the SEC.

 

[Boston Vol]

As espn noted the other day, this is misleading. Michigan financed its massive stadium renovations and is paying it back over ten years.

Debt is not a bad thing when you have just financed something and have a clear plan to pay it back. Cal-Berkeley on the other hand......

 

[NashVol11]

They found a way to afford a big-name football coach. Strange that Tennessee can't manage to

 

[Crew]

They found a way to afford a big-name football coach. Strange that Tennessee can't manage to

The problem is our leadership thinks they have one.