Wonder what the surplus funds are used for?

Apr 24, 2015
12:29:50pm

bretonnia

I would like to think they're used for endowing scholarships, coaches salaries, or the like, but I imagine they're trying to get boosters to do that.

Anyone have an idea? Do they just bank it?

Report problem with this ad

bretonnia

New username: Delicate Genius
Bio page: bretonnia
Joined: Dec 1, 2001
Last login: Nov 2, 2016
Total posts: 0 (0 FO)

Report problem with this ad

Messages

Author

Time

Does BYU operate "in the black"

Jazzyturtle

4/24/15 11:53am

Racist

TNT

4/24/15 11:56am

Of course. Jamaal, Curtis Brown, Mike Reed, Jordan Leslie, etc.

Epileptic Beagle

4/24/15 11:56am

Based on Equity in Athletics -- BYU 2013 revenue = $60.1M, expenses = $53.5M

Still Questing

4/24/15 11:56am

That's total athletics department, not football only

Still Questing

4/24/15 11:57am

I would imagine

Superman21

4/24/15 12:12pm

Lets take 5 million of that and hire top level assistants for football

concolor couguar

4/24/15 12:02pm

Need to save some for a rainy day though. It wouldn't take many losing

Bostonblue

4/24/15 1:57pm

Spend the money on great coaching and reduce the likelihood of losing seasons

concolor couguar

4/24/15 2:08pm

You may be right, but we're talking about a financially conservative school and

Bostonblue

4/24/15 2:17pm

Is that why they pumped and continue to pump millions into BYUTV?

concolor couguar

4/24/15 2:27pm

Do you really view BYU-TV as some kind of big financial risk?

Bostonblue

4/24/15 3:02pm

Do you think BYUTV is a major expense for BYU?

concolor couguar

4/24/15 3:06pm

You didn't answer my question. In any event, I'll answer yours.

Bostonblue

4/24/15 3:09pm

To make more money they need to spend it on coaching.

concolor couguar

4/24/15 3:20pm

Arguing with you is like a dog chasing its tail. Getting no where.

Bostonblue

4/24/15 3:23pm

Not sure about infrastructure, but I read in the NYT that Granite Flats costs

bretonnia

4/24/15 6:53pm

its only not cheap depending on what the revenue is per show.

Bostonblue

4/24/15 9:10pm

So we have $6.6 million or so from which to pay the athletes

The Farm

4/24/15 12:55pm

BYU's athletic department operates in the black.

gwalker

4/24/15 11:57am

So it is athletic, huh?

boogers

4/24/15 12:00pm

As opposed to deceptively fast.

gwalker

4/24/15 12:06pm

or sneaky

boogers

4/24/15 12:06pm

It passes the eye test..

Anae4Anae

4/24/15 12:36pm

Is there a fund or line of credit BYU athletics use when they do go red?

ToasterChive

4/24/15 12:11pm

I'm not sure. I believe the fund is the Athletic Department's

gwalker

4/24/15 12:30pm

No red, they go "white"...

Heinz57

4/24/15 2:07pm

The Church won't let them run in the red

CougarCanuck76

4/24/15 11:57am

That all makes sense to me.

Jazzyturtle

4/24/15 11:59am

Better dead than red, actually.

ToasterChive

4/24/15 12:45pm

BYU athletics makes more money that they spend. Very unusual, even for P5

CalGTR

4/24/15 11:59am

Wonder what the surplus funds are used for?

bretonnia

4/24/15 12:29pm

I imagine a lot of it is banked to guard against lean years or unexpected costs.

CalGTR

4/24/15 12:35pm

If that's the case, I'd be VERY interested to see BYU ADs bank statement.

bretonnia

4/24/15 12:39pm

More likely the bulk of it is earmarked for for future planned costs...

Superman21

4/24/15 12:47pm

The surplus is set aside for 1) rainy day, 2) anticipation of paying stipends

Cougarpride

4/24/15 1:25pm

One thing that is almost never considered

PolarisPrime

4/24/15 2:10pm

BYU Athletics has no debt, right?

Cougforgood

4/24/15 3:10pm

BYU sport funds go to sports

Heinz57

4/24/15 3:21pm

They operate in the double minority: Non-P5/in the black

Y4LYFE

4/24/15 4:44pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad