CNBC says the Syracuse Athletic Department is worth 487 Million $

[Cusefan0307]

https://www.cnbc.com/2024/12/19/college-sports-programs-valuations.html

More than a couple of Big Ten Schools and not far off from UVA and UNC.

Ohio State, Texas, Texas A&M, and Michigan are the top 4 at over a Billion.

 

[OburgOrange]

Savings from taking the bus really adds up

 

[PhatOrange]

Interesting

 

[IthacaBarrel]

Top 50, really isn't anything to get puffy about. About where I thought Syracuse would be, middle of the road. Funny, 9 of the 12 schools participating in the CFP are in the top 20.

 

[orangeinohio]

It sounds like a lot. Then, you look at the list.

The Revenue rating is even lower.

 

[kcsu]

Top 50, really isn't anything to get puffy about. About where I thought Syracuse would be, middle of the road. Funny, 9 of the 12 schools participating in the CFP are in the top 20.

For a small private school in the east that is great

 

[OttosShoes]

...valuations?

If schools are going to start listing athletic programs on the stock market, I'll buy one share each in Georgetown, Rutgers, and Pitt so I can attend their annual investor meetings. I'll be the dude in the back who repeatedly attempts to start a Let's Go Orange chant.

 

[Scooch]

"Valuation" doesn't really mean anything. It's not like SU Athletics has $487 million in an account somewhere.

It shows what IthacaBarrel said, that we're a lower-end P4 program in terms of money, however loosely defined.

 

[Scooch]

For a small private school in the east that is great

Sure, but we're not competing against Colgate and Holy Cross.

That's our challenge.

 

[Cusefan0307]

"Valuation" doesn't really mean anything. It's not like SU Athletics has $487 million in an account somewhere.

It shows what IthacaBarrel said, that we're a lower-end P4 program in terms of money, however loosely defined.

It’ll mean something if private equity comes calling. I think it’s interesting we are right in line with most of the rest of the ACC.

 

[Nick44]

Assuming this season finishes strong with 10 wins; would have to think that nudges revenue up a bit headed into 2025.

 

[corpjet]

It’ll mean something if private equity comes calling. I think it’s interesting we are right in line with most of the rest of the ACC.

Bingo!

Sadly this appears to be the next shoe to drop in college athletics!

 

[Scooch]

It’ll mean something if private equity comes calling. I think it’s interesting we are right in line with most of the rest of the ACC.

Maybe, but private equity won't be using a CNBC reported "valuation". They'll be far more rigorous.

 

[Cusefan0307]

Maybe, but private equity won't be using a CNBC reported "valuation". They'll be far more rigorous.

Cool. I wasn’t looking for a debate here. I posted facts from an article. Carry on.

 

[Scooch]

Cool. I wasn’t looking for a debate here. I posted facts from an article. Carry on.

I'm not trying to debate either. I just know that some folks will read that piece and start whining that we have "nearly half a billion dollars" so why don't we buy out Autry. Or some such nonsense.

 

[orangefog]

I'm not trying to debate either. I just know that some folks will read that piece and start whining that we have "nearly half a billion dollars" so why don't we buy out Autry. Or some such nonsense.

Oooohhhh…that’s a good idea. We should use your idea.

 

[OburgOrange]

I'm not trying to debate either. I just know that some folks will read that piece and start whining that we have "nearly half a billion dollars" so why don't we buy out Autry. Or some such nonsense.

Exactly. So why don’t we buy out Autry?

 

[PhatOrange]

I’m not sure how you put a price tag on the valuation …seems flimsy.

I’m only interested in the revenue.

I think our revenue is pretty good considering how bad our programs have been. Easy to imagine where the revenue could be if football and basketball was winning again. Our stadium has been empty for 10 years. The basketball game versus Georgetown was 17,000 people..that’s pathetic

 

[syracuse95]

I'm not trying to debate either. I just know that some folks will read that piece and start whining that we have "nearly half a billion dollars" so why don't we buy out Autry. Or some such nonsense.

I get what you're saying, and I'm not even sure how CNBC can establish a market value on a private athletic dept. that doesn't disclose any financials. But I will say that every time one of these market value analysis articles comes out, we end up higher than I think most public perception would have us. The narrative from a lot of SEC and B1G fans, and among fans of the top tier ACC teams, is that SU (along with other private ACC teams) are absolute bottom feeders financially and make no investment in athletics. That's essentially the basis of FSU's argument to leave. If you asked the average SEC, B1G, or FSU fan to compile this list they'd probably have us somewhere between 80-100.

Regardless of how imperfect the analysis is, the fact is that SU has a stronger brand than a lot of people nationwide believe.

 

[HRE Otto IV]

Semi related some of these SEC schools are amazingly complaining about their FB NIL funding. At the same time somehow we are told that they have so much leftover money it is making their BBall programs good.

 

[texascpa]

For a small private school in the east that is great

I will never tire from your positivity.

 

[djorange1989]

$487 million and Fran can’t close on a quarterback?!!!!

 

[Chip]

We need to get to a billion.

 

[rrlbees]

The basketball game versus Georgetown was 17,000 people..that’s pathetic

It does seem paltry for SU but I believe it was 4th in the country for that day. Not bad for little old Syracuse.

 

[jr4750]

Now that billionaires want to buy college AD's we have an idea what the cost would be...