Washington athletic department preparing for harsh future financial situation

DerekJohnson

https://saturdayoutwest.com/washington-huskies/washington-athletic-department-preparing-for-harsh-future-financial-situation-per-report/

CFetters_Nacho_Lover

Thanks Taft!

pawz

Thanks Nacho!

BleachedAnusDawg

saturdayoutwest.com is your source?

Vorel’s report also indicated that UW’s athletic department has restructured its payments on the loan that financed Husky Stadium in 2012. The athletic department will make interest-only payments through fiscal 2025, but when principal payments resume in fiscal 2026, Vorel’s report states the payment will jump from $9.8 million a year to $17.7 million a year.

Hopefully this indicates UW is in the B1G by 2026. That's a huge jump in payments on the stadium.

whlinder

We should start gambling on which sports will be cut in 2025

#StadiumDefault isn’t just a Cal too high thing. The half brains have been assuming a default for a long time.

haie

whlinder said:

We should start gambling on which sports will be cut in 2025

#StadiumDefault isn’t just a Cal too high thing. The half brains have been assuming a default for a long time.

I always said that the consequence of this wasn't going to be deprecation of football quality.

It was always going to be cutting all of the fluff sports.

RaceBannon

It will be football and women's sports because title 9

Men lose unless they transition

haie

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

Won't be football.

Too much money tied to it.

Seattle is Climate Pledge until the Pledge isn't convenient.

YellowSnow

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

Me and @whlinder will be fine. We're? rich AF and can afford the finest in flooring.

whlinder

YellowSnow said:

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

Me and @whlinder will be fine. We're? rich AF and can afford the finest in flooring.

End of days sports for UW are football, Men’s hoops, rowing, and whatever is necessary to offset football scholarships.

Rowing is going to get so much cash when the movie drops. Getting paid for beating Hitler 87 years later is speshul.

RaceBannon

haie said:

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

Won't be football.

Too much money tied to it.

Seattle is Climate Pledge until the Pledge isn't convenient.

I mean that is what survives

rodmansrage

curious timing for this article to drop just ahead of the alleged tv contract.


im not saying our? ad is strategic enough to do this but I guess a broken watch is right twice a day.

LawDawg1

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

What if we just had all the football players identify as female?

Sources

LawDawg1 said:

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

What if we just had all the football players identify as female?

This. Title IX has been eviscerated by pharmaceutical profiteering progress and science

DerekJohnson

Makes me wonder that if the USC rumors are true, Jen might want to bail on UW just to sidestep the financial fiasco that is drawing nigh

CFetters_Nacho_Lover

LawDawg1 said:

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

What if we just had all the football players identify as female?

Didn’t Luke Wattenberg already do that?

whlinder

DerekJohnson said:

Makes me wonder that if the USC rumors are true, Jen might want to bail on UW just to sidestep the financial fiasco that is drawing nigh

So of the remaining Pac-10, which schools are in bad financial shape?

WSU- yes
Cal- absolutely
Stanford- doubtful, but no chance sports are making an operating profit, it is all on donors like our rowing team
Oregon- better than Stanford since they have football fans. Also have the donor aspect, with the focus on the singular
Utah- ?
Colorado- fully dependent on Deion to make money
ASU-?
Arizona-?
OSU- no chance they're in good shape

Whole conference seems like it's spiraling down.

RaceBannon

The Pacific Coast League spiraling

creepycoug

whlinder said:

YellowSnow said:

RaceBannon said:

It will be football and women's sports because title 9

Men lose unless they transition

Me and @whlinder will be fine. We're? rich AF and can afford the finest in flooring.

End of days sports for UW are football, Men’s hoops, rowing, and whatever is necessary to offset football scholarships.

Rowing is going to get so much cash when the movie drops. Getting paid for beating Hitler 87 years later is speshul.

There is a pretty good argument that it is the most grand sporting accomplishment in the history of the university, and possibly the Pac 8; though some Troojan bootlicker will come tell me about some 4x100 meter relay record that nobody cares about.

creepycoug

whlinder said:

DerekJohnson said:

Makes me wonder that if the USC rumors are true, Jen might want to bail on UW just to sidestep the financial fiasco that is drawing nigh

So of the remaining Pac-10, which schools are in bad financial shape?

WSU- yes
Cal- absolutely
Stanford- doubtful, but no chance sports are making an operating profit, it is all on donors like our rowing team
Oregon- better than Stanford since they have football fans. Also have the donor aspect, with the focus on the singular
Utah- ?
Colorado- fully dependent on Deion to make money
ASU-?
Arizona-?
OSU- no chance they're in good shape

Whole conference seems like it's spiraling down.

What Oregon has that will survive Phil's death is a massive football endowment, which I'm sure will increase again when he dies. I'm sure track does too.

TheRoarOfTheCrowd

BleachedAnusDawg said:

saturdayoutwest.com is your source?

Vorel’s report also indicated that UW’s athletic department has restructured its payments on the loan that financed Husky Stadium in 2012. The athletic department will make interest-only payments through fiscal 2025, but when principal payments resume in fiscal 2026, Vorel’s report states the payment will jump from $9.8 million a year to $17.7 million a year.

Hopefully this indicates UW is in the B1G by 2026. That's a huge jump in payments on the stadium.

Without knowing the details, it would have seemed reasonable to issue long term tax free muni bonds at a low interest rate when rates were at zero, couldn’t they still do that?