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Jun 10, 2023
12:03
:38
pm
Flyoverstate
Redshirt Freshman
Never said it was not complex what the church financial affairs are. It is
complex enough that errors and omissions have been made.
https://apnews.com/article/mormonism-us-securities-and-exchange-commission-religion-business-a598c9ef9544f57e0b60d5ca80774bf7
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Flyoverstate
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Flyoverstate
Joined
Jul 19, 2022
Last login
Apr 24, 2024
Total posts
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Messages
Author
Time
More reasons to appreciate BYU..
TucsonCatMan
6/10/23 5:53am
How is it that some are spinning "flat" as $32m?
Madam Pattirini
6/10/23 6:15am
It is. The $21M roughly …
TucsonCatMan
6/10/23 7:19am
Agreed, their deal is worth 250 mil per year? Where is this extra 100 mil
Bluedomination
6/10/23 8:13am
Depends on if 'flat' is when compared to the average of the previous deal or
RGGeemer
6/10/23 1:59pm
Pretty horrible management to run a massive deficit even in your best case
Gustav
6/10/23 6:29am
They build up a large reserve and lake was a disaster. No games during covid didn’t help
JamieTartt
6/10/23 7:04am
I'm reminded of this excellent financial advice from SNL....
civilcoug
6/10/23 9:59am
I wonder how many FBS athletic budgets actually run in the black
thewaterboy
6/10/23 6:46am
I’ve heard it said that there are only about 25-30 profitable Athletic depts
BamaCoug
6/10/23 6:59am
I'd actually be surprised if it's that many
thewaterboy
6/10/23 7:01am
It's a linked in article, but looks like 18. I'm surprised Purdue makes money,
paulb
6/10/23 7:11am
Choices. Spend less than you make.
GilbertAZCougar
6/10/23 7:29am
Then you lose games. Most money goes toward facilities and coaching. Cut back
chazen
6/10/23 8:41am
So spend and expect someone else to bail you out?
GilbertAZCougar
6/10/23 10:30am
It’s a horrible cycle but that’s why they go into the red
chazen
6/10/23 3:20pm
Obviously, that's only public schools. I'm guessing there's only a couple of
thewaterboy
6/10/23 7:35am
And holy crap Oregon! Nike money is a lot more than I thought.
thewaterboy
6/10/23 7:36am
It isn’t an annual gift. Just so happened to be that year. And I think they are
Nat Gas Man
6/10/23 7:50am
Wow WA went from making a $4M profit to losing $6M. Big turn there. Somebody
Nat Gas Man
6/10/23 7:43am
And that deficit is on top of "support" from the taxpayers. Outrageous.
Brandoblueblood
6/10/23 7:43am
^ hasn’t seen the Ukraine and China money the president makes.
panacablue
6/10/23 9:26am
How much tax revenue do athletics generate for the state?
JamieTartt
6/10/23 12:15pm
Running a church with fluid tithing income is imo much less complex. Church
Flyoverstate
6/10/23 7:53am
Funds are not an issue with BYU sports because no tithing goes to BYU sports
Brandoblueblood
6/10/23 8:11am
It’s goes to sports! BYU education is all subsidized by tithe holders. Those
Magneto
6/10/23 6:24pm
Knowing the tax laws in over 100 foreign countries is pretty complex.
LeGrandBleu
6/10/23 11:14am
Never said it was not complex what the church financial affairs are. It is
Flyoverstate
6/10/23 12:03pm
But "much less complex" than balancing a university athletic budget?
LeGrandBleu
6/10/23 1:55pm
It's insane. Seems like they have no fiscal oversight and each school is
tony
6/10/23 8:08am
And there is very little extra money from the CFP for winning. It mostly covers.
Nat Gas Man
6/10/23 8:21am
Ok this changes in the 12 team playoff I posted the methodology
Nat Gas Man
6/10/23 2:01pm
Utah: that’s nothing a few mandatory student fees can’t cover
panacablue
6/10/23 9:28am
What’s strange is the inconsistent messaging. “Our deal will exceed the B12 &
BlooCoog
6/10/23 9:53am
Love the way the church runs things financially. No excuse for large public
Mitty
6/11/23 3:06pm
Did no one read article? UW actually built up reserves and is using reserves for now.
JamieTartt
6/11/23 3:19pm
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