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CousinRicky

So money doesn't always continue to flow

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According to this tidbit in the TBT this morning, L'ville isn't doing so well financially.

CAN’T AFFORD A BUYOUT: Louisville football coach Bobby Petrino's $14 million buyout could save his job.'The university is not in a position to buy him out,' said Tom Meeker, a University of Louisville Athletic Association board member and former chairman of Churchhill Downs. According to the Courier-Journal , donations to Louisville are down and a fund whose $16.8 million balance represented more than two-thirds of ULAA's available funds at the end of 2017, 'lost more than half of its value through basketball coach Chris Mack's buyout from Xavier University and U of L's settlement with former athletic director Tom Jurich.' Louisville fell to 2-4 with a 66-31 loss to Georgia Tech. The Cardinals are 14point underdogs Saturday at Boston College.

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Oh no!!!!! Not Louisville 😥😭🙄

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They may want to rethink the stadium naming rights?

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1 hour ago, George Jenkins said:

First World problems

But losing 1/2 a fund value in one year is a big hit no matter who you are.

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Methinks the Papa Johns association might be a reason....hopefully a small blip in the short term

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They lost the guy who was bringing in the money, so yeah donations are gonna fall. They also had to payout a pretty penny, and are still facing more penalties. I still don’t feel sorry for them, and won’t.

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