Reply to thread

Message

[QUOTE="Townie72, post: 714553, member: 780"]
The University of Maryland and the University of Maryland Athletic Department are almost two separate entities. That's because by Maryland law the Athletic Department has to be self-sustaining. University funds cannot be used to fund the Athletic Department. So while UMCP might be in great shape financially, the athletic departmen, a separate, self-funding entity, is not.
 
Right now the main campus (UMCP) is loaning money to the Athletic Department.
 
The UM Athletic Department's decision to accept the B1G bid was based on it being the only avenue that had any promise of getting it into a situation where they weren't bleeding cash. They had to know it was going to be fraught with problems, including a need to greatly improve their facilities. It wasn't "The Solution" it was the best alternative they had. They could either stay where they were with the glide slope of the planned pointed down or try the B1G that had at least a promise of getting them into a cash neutral situation.
 
I'd liken it to a guy who is so desperate he goes to the mob for a loan. He really doesn't want to do it, but he has to. It's a lousy solution, but its the only one they had.
 
The ACC enforcing the $52 Million departure fee is putting a huge crimp in Maryland's plan. Or should I say, Kevin Anderson's plan.
[/QUOTE]

Verification

What is a Syracuse fan's favorite color?