Jump to content
Jalapeno

Ohio State Projected $107 Million Budget Defiect

Recommended Posts

If anybody can absorb that, its Ohio State.  The fact that they arent cutting any sports is a sign things arent THAT bad (at least there).  There's only a handful of schools like that.

Link to post
Share on other sites

I didn't read anything there that says we need to be worried.  This looks like it was written because what else can they write about.  Cutbacks should happen when a business is expected to lose revenue, that is how businesses should work.

OSU should have plenty of cash to operate as "normal" from years of $50+ million dollars of income. If they do not then someone sucks at budgeting and should be fired. 

I will never understand how a program such as OSU should ever be building things or buying things on debt.  Their yearly income or revenue should never allow for this.  If they fall flat on their face, they deserve it. 

Link to post
Share on other sites
1 hour ago, UofNPackFan said:

I didn't read anything there that says we need to be worried.  This looks like it was written because what else can they write about.  Cutbacks should happen when a business is expected to lose revenue, that is how businesses should work.

OSU should have plenty of cash to operate as "normal" from years of $50+ million dollars of income. If they do not then someone sucks at budgeting and should be fired. 

I will never understand how a program such as OSU should ever be building things or buying things on debt.  Their yearly income or revenue should never allow for this.  If they fall flat on their face, they deserve it. 

IIRC Ohio State has over 200 M stashed away as sort of an athletic endowment.

They will be fine.

  • Like 2
Link to post
Share on other sites
21 hours ago, Jalapeno said:

https://news.osu.edu/ohio-state-department-of-athletics-announces-details-of-fy21-budget/

If you are not worried about college athletics you better be.

Wazzu had almost $100 Million in athletic debt before Covid.  They are probably one to be more worried about.

https://www.spokesman.com/stories/2019/jun/07/shawn-vestal-wsus-growing-athletics-debt-will-top-/

Link to post
Share on other sites

I don't feel any sympathy for the Ohio nuts.  Mismanagement, wasteful spending.

Link to post
Share on other sites
On 9/23/2020 at 10:56 AM, Jalapeno said:

https://news.osu.edu/ohio-state-department-of-athletics-announces-details-of-fy21-budget/

 

If you are not worried about college athletics you better be.

College athletics will be better off going back to simpler time and operating on less money.  Let the Semi-pro group leave

Link to post
Share on other sites
4 hours ago, halfmanhalfbronco said:

IIRC Ohio State has over 200 M stashed away as sort of an athletic endowment.

They will be fine.

Endowment contributions are often tagged for specific purposes by the donor.  SO maybe or maybe not

  • Like 1
Link to post
Share on other sites
34 minutes ago, Billings said:

Endowment contributions are often tagged for specific purposes by the donor.  SO maybe or maybe not

It's not an endowment per se, more like a safety net they have grow through the years of ridiculous profits.  It was 200 M in 2018 IIRC.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...