My favorite quote of the article "Once you get past the coach, which is the most important aspect, we focus on the facilities," Kissell said. "Because a coach can leave, but he can't take the building or stadium with him." -- FORDHAM RAMS FOOTBALL FORUM

>

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, [7], 8, 9, 10 ]

Subject: My favorite quote of the article "Once you get past the coach, which is the most important aspect, we focus on the facilities," Kissell said. "Because a coach can leave, but he can't take the building or stadium with him."

Author:
Rammed
[ Next Thread | Previous Thread | Next Message | Previous Message ]
Date Posted: 10:56:18 12/26/04 Sun
In reply to: JoltinJoe 's message, "Reported in Cincinnati Enquirer: Fordham is only A-10 school playing football to make money on football." on 07:35:23 12/26/04 Sun

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Subject Author Date

4,000 fans a game at 10 bucks a ticket with no tv contract is not going to make any money. Where on earth did this writer get these figures? Most accounting would not consider donations as going towards "profits" at a not for profit insitution. Would be interesting to see the source of this data. (NT) HR Block 13:49:01 12/26/04 Sun

Whether it is legitimate accounting to include financial aid to football players as revenue to the athletic department was a subject on this board about six months ago, when the Chronicle of Higher Education issued its last report. (NT) -- JoltinJoe, 13:58:33 12/26/04 Sun
BTW, I'd guess that you could reflect a profit by not counting aid to football players as an athletic department expense, and expense that as a general cost to the university, along with all other aid given to students. Then you take your $400,000 or so in ticket sales, add in donations, and subtract costs like travel and recruiting. Using that method, your football program may show a profit. (NT) -- JoltinJoe, 15:29:13 12/26/04 Sun

Aid Accounting -- FC78, 23:36:53 12/26/04 Sun

Yes, I think. As stated, the story doesn't explain how a profit is realized. Also, if this cost were absorped by the athletic department, it would have Title IX implications for the department. When the Chronicle of Higher Education published its figure of $3.2 in revenue about six months ago, we discussed whether it was legitimate to include financial aid to players, and other university aid to the program, as revenue. It then backed out as an expense to the athletic department the cost of aid to students, and reflected the difference between the two as part of the profit to the program. (NT) -- JoltinJoe, 00:09:05 12/27/04 Mon
I'd add only that it doesn't make you an AFF crazy to recognize that the accountings reflecting a profit for the football program are questionable, because they don't take into account financial aid awarded to the football players as a football-related expense. That's why I noted that the Enquirer story didn't explain how this "profit" was realized. The poster above was more interested in calling people names than trying to comprehend what was being said. I support football, but I think it's misleading to tout that its a money-maker for the school. (NT) -- JoltinJoe, 07:50:54 12/27/04 Mon

The Chronicle doesn't use the sharpest pencil in the world when they publish reports like these. They take the numbers as submitted by schools or conferences but don't explain how they are arrived at. I'm not sure how scholarships can be defined as income in this case. I do know that financial contributions to the school are not considered "profits" by CASE, which publishes standards and practices for the higher ed fundraising. (NT) -- An Old Coach, 10:04:53 12/27/04 Mon