Op/Ed: The Independence Bowl is in trouble

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Originally Posted by Houston Techsan

Which is why no goes there any more? Just noticed the post almost identical to mine, but beat me to it.

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In Bossier they do- we only go if we aren't in a hurry, and that doesn't happen very often. Apparently there are lots of people that don't care how long it takes though- the parking lot is large and always full.

https://pbs.twimg.com/profile_images...SXW_normal.jpgWalk-On's Indy Bowl
✔@IndyBowl

It's officially official...we are now the @walk_onsIndependence Bowl! And we are quite excited about it!
3:00 PM - Oct 4, 2017

Think it will be more than the $550K Camping World offered? I don't.

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Originally Posted by PawDawg

Think it will be more than the $550K Camping World offered? I don't.

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Announced amount yes...

True "cash" NO -

Shreveport TX welcomes Walk-Ons to the I-Bowl....

Tim Fletcher‏ @FletcherShow 2 minutes ago Walk-On’s Independence Bowl is official... guaranteed 3-year deal (lasts entirety of remaining ESPN contract with @IndyBowl)

So 3 years will get them through the current contracts with the SEC and ACC when most bowls are up for negotiations for new contracts beginning in 2020. Besides the financial sponsorship terms, the big question is "can the Indy Bowl survive 3 more years with ACC/SEC to negotiate smaller payouts to G5 conferences?"

The Indy Bowl is currently in about $1 million of debt, right?

My guess is somewhere in the neighborhood of $300,000 annually in cash and $300,000 in IN-KIND sponsorships...

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Originally Posted by Cal&Ken

In Bossier they do- we only go if we aren't in a hurry, and that doesn't happen very often. Apparently there are lots of people that don't care how long it takes though- the parking lot is large and always full.

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Of course they do. Why else would it too crowded?

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Originally Posted by Dawg06

So 3 years will get them through the current contracts with the SEC and ACC when most bowls are up for negotiations for new contracts beginning in 2020. Besides the financial sponsorship terms, the big question is "can the Indy Bowl survive 3 more years with ACC/SEC to negotiate smaller payouts to G5 conferences?"

The Indy Bowl is currently in about $1 million of debt, right?

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As of Feb. 28, 2017, the I-Bowl had about $1.4 million of "long-term liabilities". The net assets (total assets minus current and long-term liabilities) of the Independence Bowl based on the last audit on Feb. 28th were -$1.24 million.

No Q&A at the press conference. Wow.

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Originally Posted by Dawg06

No Q&A at the press conference. Wow.

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All the speakers had to get back to waiting tables.

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Originally Posted by Saint Greg

Tim Fletcher‏ @FletcherShow 2 minutes ago Walk-On’s Independence Bowl is official... guaranteed 3-year deal (lasts entirety of remaining ESPN contract with @IndyBowl)

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They sure have a lot of firepower in this video. Lots of big names associated with Walk-On's. They've got Drew Brees, Dale Brown, Scott Van Pelt, Todd Graves (CEO of Raisin Canes), Notre Dame's Rudy Ruettiger, etc....doing PR for 'em.

https://www.walk-ons.com/

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Originally Posted by Dwayne From Minden

I'll be surprised if LSU decides to go to the bowl at 6-6 - anything worse they will stay home...

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Especially if they had to play us.

Walk ons coming to west Monroe soon

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Originally Posted by sportdawg

All the speakers had to get back to waiting tables.

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Media were allowed to ask questions 1-on-1 after the announcement.

Every media outlet praised the deal as "perfect," "win-win," or "ideal" just like they did for the Duck Commander announcement, but not a single media outlet asked about the financial guarantee... Ya know, kinda the big story when Camping World pulled out. :dunce: