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Thread: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

  1. #37

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by shof View Post
    I’m not dismissing the lost ticket sales revenue, but is MH funding athletics fully yet??
    Sounds like they did, albeit somewhat after the fact

  2. #38

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Exactly, wait till FY23-24 is published. The problems start at the top, I believe we have been in a downward trend since Maggard was hired.


  3. Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by cajunref View Post
    Exactly, wait till FY23-24 is published. The problems start at the top, I believe we have been in a downward trend since Maggard was hired.
    I think the real problems revealed themselves when Nico left. I never thought I'd say that 3 years ago, but it's become painfully obvious.

  4. #40

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by RougaWhite&Blue View Post
    Total ticket sales dropped by over 500,000
    Football dropped by 542,000.
    One might surmise some other sports may have increased
    Welp, ya get what you pay for. It’s a chicken/egg thing.

    Throw in the treatment of students, what different outcome can one expect?

    And the aversion towards work going with third party contracts, here UL sits.

    Next year will be worse. Torn up stadium won’t draw. MH needs to run Matilda the Hun and get the students to events…and make it memorable in a positive way. That’s the future donors, most old guys are getting tired watching our memories fade away.

  5. Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by ManAboutTown View Post
    I think the real problems revealed themselves when Nico left. I never thought I'd say that 3 years ago, but it's become painfully obvious.
    Have always really loved Nico, however Nico left as the NIL and free transfer rules came into effect. I have a feeling that the lion’s share of the issues were caused by the latter.

  6. Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by ZoomZoom View Post
    Welp, ya get what you pay for. It’s a chicken/egg thing.

    Throw in the treatment of students, what different outcome can one expect?

    Throw in the aversion towards work going with third party contracts, here UL sits.
    Throw in the people in power having no earthly idea how to connect with our community and treat them like embeciles with the way they communicate... Every bit of this is earned and we've been screaming it for 3 years.

  7. #43

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Pas bon


  8. #44

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by Policarp View Post
    Pretty sure they only budget 2% vs 3% of total school revenues......hence they have 10-12M of funds available to athletics NOT in budget but well within the 3% state cap.

    They just as soon simply budget to the full 3% available and report a surplus.
    This right here.

  9. Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    A bona fide ticket drive in all sports would make a dent.

    As is no bona fide ticket drives to speak of.


  10. Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Why the increase, is it interest on loans?


  11. #47

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by CajunVic View Post
    Some have a difficult time with math. Many here have posted that they do not partake in concessions because of the price, quality and lines. I’m not sure what the answer may be but am very sure spending another $1,250,000 to $2,500,000 on a HFC would have just put us further in the hole. See attendance under Napier.
    I agree cut Dez ans Marlins salary to both 150-200k . Save some money while we just drive this puppy straight into the ground.

  12. #48

    Default Re: Louisiana athletics operated at $8 million deficit during 2023 fiscal year

    Quote Originally Posted by Turbine View Post
    A bona fide ticket drive in all sports would make a dent.

    As is no bona fide ticket drives to speak of.
    By bona fide ticket drive I presume you mean one that goes beyond the corporate community. How to do that in summer for football is a challenge. I know coaches have gone to some community events and been discouraged by how few show up. I know the response will be don't give up because of one disappointing outing. Find a way to make the next one more interesting. BAsketball wise, I would try to get schools involved as the season does not start until November and school starts in August.

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