seriously.No title sponsor. Live gate almost nothing. Reliant stadium cannot be cheap to operate for a day. Does the espn check and the tix that the schools buy really offset that? Someone educate me...
I sure hope not. Someone estimated our share of the equally divided ACC Bowl revenue to be somewhere north of $2M. Yes, we're responsible for our ticket allotment, but we also receive an allowance from the league to cover the team travel expenses.does SU lose money when 25K are at a game?
I remember something last year about how one of the bowls had it's own CEO that pulled in like 170k a year or something.Of course they make money this bowl is an obvious 501(C)(3) for whomever owns and operates this bowl. They don't pay any taxes and can jack up expenses and write them off instead of paying that money to Uncle Sam. Every bowl is a scam and is full of people being paid inflated salaries and not having to pay that money to the government. Any operator of a bowl probably stuffs that bowl board with relatives, friends, corporate friend and pay them for working on the bowl committee. Its smart and technically legal. You are able to write that money off your tax returns and pay friends instead of the paying the government. I would do it if I was a corporation. Why do you think almost every bowl has a corporate sponsor. They get to write that money off by creating a 501(c)(3) out of it and get advertising/branding out of it as well.
Its a joke my firm gets boatloads of free tickets to the Belk Bowl each year and since we are their firm. The taxation division in my firm makes sure they use every legal loophole they can use in deducting taxes. Corporations can use these bowls for branding and give meaningless jobs to people they know and game the system.
Oh man, I low balled it big time.
It is sickening and there's no "market" rationale. These are tax exempt operations that make people fabulously wealthy. Yet this is not even in the top 10 things about college athletics that should outrage people.OttoinGrotto said:Oh man, I low balled it big time. http://www.usatoday.com/story/sports/ncaaf/2012/12/11/bowl-bosses-pay-college-football/1762487/ I'm not saying this is sickening, and I know some people will come out of the woodwork to say it's just the market and who is anyone to question what someone else makes, but... something's not right here.
I'm not saying this is sickening, and I know some people will come out of the woodwork to say it's just the market and who is anyone to question what someone else makes, but... something's not right here.