[Husker] lack of class...?

[jonlists at cbsol.com]

Jeff......

If you're going to throw around statistics like that, you're going to have 
to include the entire University of Nebraska system and if you do that, 
the Athletic Department will pale in comparison to the impact to the state 
of Nebraska of the University as a whole. 

You can debate whether college football is a business several ways: 

- There's tons of money involved
- Legal status
- Primary Mission 

2 out of 3 of these say it's not a business. Do people make a gob of money 
from it? Sure, but not nearly the amount of money thats involved in the 
academics side of education. 

Jon Johnston
Creative Business Solutions
IBM, Microsoft, Novell/Suse and Sophos Consulting
952-544-1108
http://www.cbsol.com
Blog:http://bingo.cbsol.com


husker-bounces at tssi.com wrote on 12/05/2005 01:37:40 PM:

> Steve Stone wrote:
> 
> >>NU is an educational instutution, not a cash cow.
> 
> This statement might be a little naive. Nebraska athletics, 
> especially football, IS a cash cow and not just for the University.
> 
> According to the 2004-05 Athletic Department Annual Report the 
> athletic department realized almost $56,000,000 in revenue and a 
> year end "profit" or surplus of around $77,000. That surplus, when 
> added to previous year's surpluses leaves the NU Athletic Dept with 
> a reserve fund of about $620,000. 
> 
> Beyond that, Nebraska Athletics had an economic impact on the City 
> of Lincoln of $114,000,000 in 2004 with football accounting for 
> about $87,000,000 of that total. This number, which was determined 
> by the UNL Bureau of Business Research and not the athletic 
> department, includes both athletic department spending and money 
> spent by fans who attend the games. It does not include ticket or 
> concession revenues nor does it include the revenue generated by 
> fans who don't attend the game but who watch it at sports bars, etc. 
> 
> For the 2004 season, and for football only, each game day realized 
> $12,600,000 in expenditures for a total of $75,600,000 for the six 
> game season. Of that, $33,800,000 came in the form of fan 
> expenditures and $41,800,000 came in the form of athletic department
> expenditures. 
> 
> Nebraska Athletics is a virtual corporation that provides far 
> reaching economic impact not only for the State of Nebraska, but for
> businesses and industries everywhere. Living here in Minneapolis I 
> can tell you that the MN4NE gatherings for televised games at a 
> chain of sports bars here in the Twin Cities has a HUGE impact on 
> those establishments revenues for those days compared to normal 
> Saturday afternoons. 
> 
> As for being an educational institution...only 9.9% of the Athletic 
> Department's expenses in 2004 were related to academics and student 
support. 
> 
> The University of Nebraska as a whole is an educational institution 
> but don't be fooled into thinking that the University of Nebraska 
> Athletic Department is anything other than a cash cow - for the 
> University, the City of Lincoln, the State of Nebraska and beyond. 
> 
> Have a great day.
> 
> See ya in San Antonio!!
> 
> Jeffrey Volk 
> 
> 
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