An Amazing article on the Rutgers Athletic Program and $265 million in debt --worth not getting lost on page 442 of the dumpster fire thread

[HtownOrange]

The article glosses over (does not show the full breakdown) the student fees and other money that Rutgers does not have to pay back. The real losses exceed more than $500MM for the article's time period, and probably exceed $1B, since Rutgers began attempts to play big boy football.

Glad someone is exposing the Rutgers fraud.

 

[GoSU96]

It’s that kind of creativity that leads to awards and promotions in the public sector/academia

Yep

 

[tipphill]

ru has politicians backing them. year after year it is said how badly they are managed ,yet get to build new facilities. taxpayers in nj have no say regarding rutgers expenditures--never did. goes back to mulcahy, he knew how to get things done , and then fell on his sword for them.
i believe that if mulcahy was the big east commissioner the conference would have thrived and been proactive in attracting additional members including psu. i wish we had their state money---
the best thing we ever did for ourselves and rutgers was to send them nancy cantor

 

[SURU]

Just wait. Schiano’s contract says whatever he can raise for a new football facility privately the state will match. The goal is $100mil in private funds

 

[SURU]

That is a scary article. And they don’t even have a copy of their big 10 contract? Huh?

This is standard for public schools. No Big Ten teams have a copy of their contract by design. Can’t be FOIA’d. I know Maryland didn’t have a copy of their ACC contract back when the B1G came calling

 

[MadNY3]

‘Unsustainable’: How Rutgers athletics quietly racked up $265M in debt

This was the year Rutgers University athletics expected to be on firm financial ground. Instead, the move to the Big Ten means anything but that.

www.njherald.com

I don’t care. I just want to beat them. Losing and saying “at least we don’t owe money” is a loser program status.