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Thread: UL and athletic deficits

  1. #1
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    UL and athletic deficits

    Caught the tail end of 97.7 morning show today talking about ULL's athetics deficit approaching $8 million. Naturally, my first thought, after wondering where that dough's coming from, was where does Tech stand?

    https://www.theadvertiser.com/story/...r/72166617007/

    Tigerdroppings weighs in:
    https://www.tigerdroppings.com/rant/...023/112006309/


    More on ULL's losing streak going back to 200-21:
    https://www.theadvertiser.com/story/...ar/9290189002/

    Tech did well in this story. ULL, Southern and Nicholls did not:
    https://www.thecentersquare.com/loui...df9a3d196.html
    "Two other schools’ athletic departments posted a profit in FY 2022.At Louisiana Tech University, the athletic department’s revenues exceeded expenses by $399,234, with total revenues at about $28.7 million and total expenses of roughly $28.3 million. Auditors found one scholarship worth $1,297 that was incorrectly coded to football that should have been coded to men’s basketball, as well as a $2,163 overpayment to an employee. Both the scholarship and overpayment have since been corrected.
    "Revenues also exceeded expenses at Southeastern Louisiana University’s athletic department by $100,571, with total revenues at $14.8 million and total expenses at $14.7 million. Other issues at Southeastern involved an overstatement of countable contests for men’s track and field."


    Louisiana Tech University
    Flagship of the University of Louisiana System

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    Re: UL and athletic deficits

    Interesting what the budgets are across the country

    https://sports.usatoday.com/ncaa/finances

  4. #4
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    Re: UL and athletic deficits

    If Henderson follows his past tendencies, you can kiss any surplus goodbye. He has been a big spender in his past gigs. Guess we'll see. Just bookmark this thread and check back a year from now for a look-see.

  5. #5
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    Re: UL and athletic deficits

    Quote Originally Posted by Dawgpix View Post
    Caught the tail end of 97.7 morning show today talking about ULL's athetics deficit approaching $8 million. Naturally, my first thought, after wondering where that dough's coming from, was where does Tech stand?

    https://www.theadvertiser.com/story/...r/72166617007/

    Tigerdroppings weighs in:
    https://www.tigerdroppings.com/rant/...023/112006309/


    More on ULL's losing streak going back to 200-21:
    https://www.theadvertiser.com/story/...ar/9290189002/

    Tech did well in this story. ULL, Southern and Nicholls did not:
    https://www.thecentersquare.com/loui...df9a3d196.html
    "Two other schoolsí athletic departments posted a profit in FY 2022.At Louisiana Tech University, the athletic departmentís revenues exceeded expenses by $399,234, with total revenues at about $28.7 million and total expenses of roughly $28.3 million. Auditors found one scholarship worth $1,297 that was incorrectly coded to football that should have been coded to menís basketball, as well as a $2,163 overpayment to an employee. Both the scholarship and overpayment have since been corrected.
    "Revenues also exceeded expenses at Southeastern Louisiana Universityís athletic department by $100,571, with total revenues at $14.8 million and total expenses at $14.7 million. Other issues at Southeastern involved an overstatement of countable contests for menís track and field."


    Louisiana Legislaive Auditor just released his annual reports covering the state schools. Louisiana Tech lost almost $4million even with school pitching over $8mil. Our ticket sales were dismal.

  6. #6
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    Re: ULL and athletic deficits

    Quote Originally Posted by Exes&Ohs View Post
    Louisiana Legislaive Auditor just released his annual reports covering the state schools. Louisiana Tech lost almost $4million even with school pitching over $8mil. Our ticket sales were dismal.
    Turns out you actually have to sell product to make money

  7. #7
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    Re: UL and athletic deficits

    Quote Originally Posted by Exes&Ohs View Post
    Louisiana Legislaive Auditor just released his annual reports covering the state schools. Louisiana Tech lost almost $4million even with school pitching over $8mil. Our ticket sales were dismal.

    So you mean our previous two AD clowns boasting about ticket sales were lying?

    Iím shocked I tell you!

    Shocked almost as much as Coach Fouts taking credit for pitchers who were here before he was on his bio.

    Everything is smoke and mirrors.

  8. #8
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    Re: UL and athletic deficits

    Quote Originally Posted by revf View Post
    So you mean our previous two AD clowns boasting about ticket sales were lying?

    Iím shocked I tell you!

    Shocked almost as much as Coach Fouts taking credit for pitchers who were here before he was on his bio.

    Everything is smoke and mirrors.
    Ticket sale revenue for football was $624,690, mens basketball $172,518, womens basketball 55,339. All of tis for Tech and other schools on Legislative Auditors site.

  9. #9
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    Re: UL and athletic deficits

    Quote Originally Posted by Exes&Ohs View Post
    Louisiana Legislaive Auditor just released his annual reports covering the state schools. Louisiana Tech lost almost $4million even with school pitching over $8mil. Our ticket sales were dismal.
    And Kim's national championship program needed major help from the football revenues?
    Louisiana Tech University
    Flagship of the University of Louisiana System

  10. #10
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    Re: ULL and athletic deficits

    Quote Originally Posted by Blue Dawg View Post
    Turns out you actually have to sell product to make money
    If only we had a product to sell. We haven't for the last couple of years almost across the board and people know it. You are right though, we have never been good at marketing etc. even when times are relatively good.

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