Never said it was not complex what the church financial affairs are. It is

Jun 10, 2023
12:03:38pm

Flyoverstate Redshirt Freshman

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

Bio page: Flyoverstate
Joined: Jul 19, 2022
Last login: Apr 24, 2024
Total posts: 428 (0 FO)

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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.

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