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HOO86

Joined: 12/12/2002 Posts: 21847
Likes: 2038

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Cal Berkeley Athletics back in financial trouble.


Apparently the school assumed $400+ million in debt to renovate the football stadium and provide earthquake protection for it. That will cause any department financial problems. They should have secured donor funding for most of that ahead of time. Surely Cal Berkeley has some big dollar boosters.

They almost lost the baseball team 6 years ago. UVA played them in Omaha, and they were worried that would be their last game. But Stanford of all options helped bail out their baseball program then. This is a sad story. Sandy Barbour left a big mess at California apparently before jetting off to Penn State.

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Posted: 10/03/2016 at 3:00PM


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Current Thread:
 
  Cal Berkeley Athletics back in financial trouble. -- HOO86 10/03/2016 3:00PM
  Expensive city, mediocre rev. sports, too many non-revs. No biggie here. -- chuckd4vt 10/04/2016 10:05AM
  They were going to cut their rugby team in 2011 -- mrcaniac 10/03/2016 11:11PM
  Its more than just the Athletic Dept -- Mercury 10/03/2016 8:58PM
  I think whoever recommended the "seismic upgrades" should be looked at ** -- moonda 10/03/2016 8:32PM
  Tough spot for Cal, but it is going to have to cut sports -- Tailgate Guru 10/03/2016 4:34PM
  Stanford seems to have more Silicon Valley money than Cal -- PadrosWindup 10/03/2016 7:46PM
  Stanford is also private. ** -- maddogbob 10/06/2016 01:43AM
  Stanford began with old railroad money ** -- Tailgate Guru 10/04/2016 07:22AM
  Maybe they can join the BIG like MD did. ** -- Mr. Touchdown 10/03/2016 5:11PM
  Beautiful Stadium. Carved into a mountain side. -- HOO86 10/03/2016 4:49PM
  My Dad grew up in Berkeley... -- HokieRaven7 10/05/2016 11:47PM
  Just looked at it online. Very cool. ** -- JohnsonCItyHokie 10/04/2016 11:27PM
  Running an AD in a very expensive city is tough. Look at GT and Maryland. ** -- chuckd4vt 10/03/2016 3:30PM

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