Syracuse football worth $255MM

[supp]

link? I haven't seen this one yet lol

Rutgers’ athletics deficit topped $70M again in 2023-24. But it still wasn’t a record.

Rutgers spent an all-time record to support its athletics teams during the 2023-24 school year.

www.nj.com

Posted in NJ.com today. Fiscal year is from July 2023-July 2024.

 

[NJneer12]

Rutgers’ athletics deficit topped $70M again in 2023-24. But it still wasn’t a record.

Rutgers spent an all-time record to support its athletics teams during the 2023-24 school year.

www.nj.com

Posted in NJ.com today. Fiscal year is from July 2023-July 2024.

TY! I was able to find it and posted it to the Rutty thread. Unreal how much money every year.

 

[Blanko97]

A combination of market and market penetration. Although Maryland and South Carolina have similar populations, Clemson has to split the state with South Carolina. And nearby Georgia, etc. I just hope that they do not see this as the ACC's fault and sue to get out... oh wait...

Thats a good point

 

[sufandu]

I don't believe for a second Clemson is worth less than Maryland unless they are assuming that Underarmour would continue to give money to a for-profit entity.

Based on that chart, it looks like their cash flow is quite a bit less than most other teams. I wonder why.

 

[David321]

SUFB is priceless.

 

[Offthedome]

Rutgers athletics recently reported a $70-plus million loss for the past fiscal year despite $60 million in B1G revenues.

My first thought was, "That's billionaire accounting."

Or maybe they just can't count at Rutgers.

 

[NJCuse97]

So...within a 5 hour driving "radius" of Syracuse:

48 Million people. Boston, Providence, NYC, Philly, Buffalo, Rochester and Albany sprawl is also significant. And Jersey is basically one big metro area. Cleveland, Pittsburgh, Baltimore are next closest areas right outside area,

Montreal, Toronto, and Quebec are also included (though I don't think border time is factored in) but also huge metro areas people should be flocking to the Orange.

Penn State, Boston College and Rutgers are within this boundary.

Lock down the I-90 corridor, get your foothold in NYC, Long Island, Jersey, and the East PA areas. Start a marketing campaign. Hit these areas. Give me a billboard when I enter NYS on I-81. Or in the Summer towards the Jersey Shore going down the AC Expressway.

I was recently told here (not by you) that the Northeast/NYC megalopolis was not a factor or value when looking at the strength and value of the SU Athletic Department and revenue generation. I was told all that mattered was ticket sales.

 

[NJCuse97]

Interestingly the school that the BiG brought in to tap the Metro NY market is operating at a huge deficit. Also, if you look at the schools ranked lower than SU there's an alarming number that have zero positive cash flow. That'll have interesting implications as the shape of college fb continues to evolve.

As mentioned in the private investment thread, I feel like a "positive" factor of a zero balance or a deficit in valuing these programs has to do with the perception of reinvestment into improving the product. I would guess that positive cash flow given these programs are non-profit and typically need to show a zero profit might signify to this analysis that the university is looking to mine the AD for funds/profit rather than improve the product. I for one don't totally agree with that if so, but as I mentioned, this is a WAG on my part.

 

[NJCuse97]

It also is a 4-5 hour drive to at least 5 really major population centers.

On a related note, Gross was kind of ridiculous in a lot of what he did, but his push to rebrand Syracuse as "New York's College Team" was one thing I wish that had continued after his replacement. If the college realignment powers that be give us even a partial share of credit for NYC TV when the chairs stop moving, we'll have a much better chance of being in one of them.

Of course, having winning basketball and football programs matters more...

I agree with this entirely and never understood the rejection of this branding, or even the related "home games" down state.

 

[LAOrange]

I don't want to subscribe to the Wall Street Journal. What was our ranking vis-à-vis private schools?

 

[OrangePA]

I don't believe for a second Clemson is worth less than Maryland unless they are assuming that Underarmour would continue to give money to a for-profit entity.

Big Ten money?

 

[CuseIn282xx]

These valuations are so goofy. No one buys or sells college football teams so no one has any idea what they'd fetch

Oh, but the day is coming. The ships have been burned on the notion of amateurism in college athletics. It may take a few years, but soon these teams (or at least 49% of each of these teams) will indeed be for sale, snapped up by billionaires and hedge funds and pension funds and venture capitalists. Book it.