It's time to go on the record .... (OT drivel from our Kanigit friends)

[JTrue]

17 minutes ago, SquareKnight said:

Better than that 2-for-1 that you gave a way to powerhouse Louisville! 

 

 

Keep telling yourself that when you lock down your follow up 1:1 with Akron.

[Triple B]

50 minutes ago, Meeps said:

Puc wanted the bottomline,

Puc found a bottom line, with links.

 

50 minutes ago, Meeps said:

At the end of the day, having an OCS garnered $4,959,403 from Game tickets

I'll repeat, all game tickets cannot be included in an "advantages of an ocs" discussion .......

[Triple B]

4 minutes ago, SquareKnight said:

You guys can keep burying your head in the sand and singing lalalalala to yourselves all day long. It won't change the facts. You're either ignorantly (or intentionally) misquoting "facts" to try and support a position that simply is not supportable.

You will notice on page 3 of the Stadium corporation report that it says "The deficit net position will improve in future years as the Corporations continues to reduce it's outstanding long term debt obligations with the pledged revenue from the [UCF Athletics] Association."

That by itself is proof that revenue from ticket sales goes to the association, and a part of that ticket revenue is funneled to the Corporation (only as required) to meet debt obligations and pay down the debt.

As further proof that the stadium corporation revenue is specifically from suites and the sponsorship agreement (not general ticket sales), you will also notice on page 5 it states "Operating revenue consists primarily of revenues related to the rights granted to donors in connection with luxury suites and club seats located within the stadium, as well as revenues related to the Corporation's sponsorship agreement with Spectrum, formerly known as Bright House Networks." 

Sit down...you have been schooled! 

 

30 minutes ago, SquareKnight said:

Better than that 2-for-1 that you gave a way to powerhouse Louisville! 

 

11 hours ago, Justin C said:

I can't tell if you are trolling or if the quality of education gap between our universities is widening.

Changed my mind to straight trolling .... Nobody with a college education, even over there, can be as clueless as those 2 posts represent.

[puc86]

1 hour ago, Meeps said:

First and foremost, renting something means your money goes automatically goes to a net negative. The only benefit to playing at Ray Jay is IF you move to a P5 - then it works out in your favor. However, as it stands, having an OCS that you can afford is going to be superior in pretty much every facet while in the AAC.

1. Game Day atmosphere is better. (No tarping off swaths of seats, having other teams stuff such as a pirate ship in there that detracts from your team.)

2. Enhances team pride

3. Brings Alumni back to campus

4. Modifiable to needs (can increase stadium seating, make more premium seating, alcohol sales etc...)

5. Having a true home allows the fan base to create/engage in tradition

At the end of the day, having an OCS garnered $4,959,403 from Game tickets, $3,945,893 in sponsorship, and $808,164 (other) which I assume includes concessions for the 2017 season. That comes to $1,618,910 per home game (x6) excluding the AAC Champ game.

Puc wanted the bottomline, which is a net positive of $3,355,218 thats AFTER all expenses including paying the stadium loan principal + interest which is on track to be done and paid off excluding maintenance/major additions in approximately 20 years. Let's just say maintenance over that time costs several million, then we'll say 25 years max. Not only do we reap the above benefits, we have an investment that is on track to be paid off while also pocketing additional revenue per year after expenses. Meanwhile, the cost of building an OCS continues to rise each year. By the time USF pulls the trigger, the same OCS (not saying you're going to build what we did) would cost north of $70 million.

Can you show me how USF is breaking even or making money at Ray Jay after expenses? USF has been receiving money from former big east departures and your HC's salary has been subsidized by Texas. Both of those are drawing to a close. Strong's salary jumps to $2.5 million in 2019. At the end of the day, when the numbers come out for the 2019 season and onwards, I think it's safe to say UCF is going to naturally bring in more and more money as each year goes by and the debt load from the stadium is diminished.

 

That’s the bottom line after everything in athletics and that’s every single ticket sold in all of Athletics the football one is half of the total. It was all clearly explained in the two audits I provided. If not for student athletic fees you would be running at a $20 million dollars deficit, that’s the only thing keeping your program afloat and that’s the reason that’s the thing we do the same.  

[BrassBulls12]

9 minutes ago, puc86 said:

That’s the bottom line after everything in athletics and that’s every single ticket sold in all of Athletics the football one is half of the total. It was all clearly explained in the two audits I provided. If not for student athletic fees you would be running at a $20 million dollars deficit, that’s the only thing keeping your program afloat and that’s the reason that’s the thing we do the same.  

Are we looking past the fact that his second reason is complete bs? 

Edited July 30, 2019 by BrassBulls12

[puc86]

6 minutes ago, BrassBulls12 said:

Are we looking past the fact that his second reason is complete bs? 

I  think it's unfair to anyone that has ever reasoned before to classify anything he posted as reason

[puc86]

I am more concerned with the empirical evidence than I am with arguing emotions, I guess it's conceivable if the team has never been to any other stadium in the world that they could be proud of what they play in. Now the parts that straight up lie about money or ignore that Ray Jay is modifiable by renting different sections really isn't something anyone that has not graduated from Florida Technically a University can argue. 

[puc86]

1 hour ago, SquareKnight said:

You guys can keep burying your head in the sand and singing lalalalala to yourselves all day long. It won't change the facts. You're either ignorantly (or intentionally) misquoting "facts" to try and support a position that simply is not supportable.

You will notice on page 3 of the Stadium corporation report that it says "The deficit net position will improve in future years as the Corporations continues to reduce it's outstanding long term debt obligations with the pledged revenue from the [UCF Athletics] Association."

That by itself is proof that revenue from ticket sales goes to the association, and a part of that ticket revenue is funneled to the Corporation (only as required) to meet debt obligations and pay down the debt.

As further proof that the stadium corporation revenue is specifically from suites and the sponsorship agreement (not general ticket sales), you will also notice on page 5 it states "Operating revenue consists primarily of revenues related to the rights granted to donors in connection with luxury suites and club seats located within the stadium, as well as revenues related to the Corporation's sponsorship agreement with Spectrum, formerly known as Bright House Networks." 

Sit down...you have been schooled! 

 

 

Except the whole part about me providing the entire athletic budget and it showing if there is any more money it is negligible and that this seems to pretty accurately portray your overall football picture. Do you think your NCAA tournament basketball team sold zero dollars in tickets? Does baseball, womens basketball, volleyball et al play in entirely empty stadiums? If so maybe you should build them on campus arenas. 

[Bull Nut]

1 hour ago, SquareKnight said:

You guys can keep burying your head in the sand and singing lalalalala to yourselves all day long. It won't change the facts. You're either ignorantly (or intentionally) misquoting "facts" to try and support a position that simply is not supportable.

You will notice on page 3 of the Stadium corporation report that it says "The deficit net position will improve in future years as the Corporations continues to reduce it's outstanding long term debt obligations with the pledged revenue from the [UCF Athletics] Association."

That by itself is proof that revenue from ticket sales goes to the association, and a part of that ticket revenue is funneled to the Corporation (only as required) to meet debt obligations and pay down the debt.

As further proof that the stadium corporation revenue is specifically from suites and the sponsorship agreement (not general ticket sales), you will also notice on page 5 it states "Operating revenue consists primarily of revenues related to the rights granted to donors in connection with luxury suites and club seats located within the stadium, as well as revenues related to the Corporation's sponsorship agreement with Spectrum, formerly known as Bright House Networks." 

Sit down...you have been schooled! 

 

 

Even if you add ticket sales of 3,678,481 to change in net position of 1,427,226 that totals roughly 5.1 million for 2018. Still far short of $4 million per home game. As Puc mentioned earlier, revenue does not equal profit. Many companies operate with positive revenue and negative profits. We can all agree that UCF does not profit 4 million per home game as insinuated by the article from the Sentinel (the original basis for this constructive argument)

Yes, apparently I have been schooled more rigorously than you and I suggest reading up on the differences between revenue and profit. You're spinning your wheels here and clearly incapable of having an intelligent conversation.

Edited July 30, 2019 by Justin C

[DJBulls]

Squareknight gets back up from getting posterized...stumbles to the other end of the court and gets dunked on again...will he get up again...let's see folks...