Rent at Ray Jay

[Bull94]

38 minutes ago, bull2saintleo said:

If that’s the case, I don’t think they’ve exercised the option at all.

UCF is in too much debt. they need 7 home games. even if it means playing crappy 1-aa teams.

they can't afford to play 2 for 1's and no big program will play a home and away with them.

[Danm1983]

1 hour ago, Bull94 said:

UCF is in too much debt. they need 7 home games. even if it means playing crappy 1-aa teams.

they can't afford to play 2 for 1's and no big program will play a home and away with them.

Don't schools usually pay FCS teams to play though? Or is the ROI on those games worth shelling out a few hundred thousand to get a win (except for that Furman game a few years back) worth it to have a 7th home game?

[Bull94]

22 minutes ago, Danm1983 said:

Don't schools usually pay FCS teams to play though? Or is the ROI on those games worth shelling out a few hundred thousand to get a win (except for that Furman game a few years back) worth it to have a 7th home game?

net revenue is far greater for a home game against a 1-aa team than it would be for a payday away game.

[ArmyBull]

2 hours ago, Bull94 said:

UCF is in too much debt.

Would love a source on this - guy at the office constantly talks about all of c’s new sports related building projects.  

I am a believer in an OCS for reasons well outside of revenue and investment. 

[Bull94]

26 minutes ago, ArmyBull said:

Would love a source on this - guy at the office constantly talks about all of c’s new sports related building projects.  

I am a believer in an OCS for reasons well outside of revenue and investment. 

I'm no accountant so take this with a grain of salt. this is just for the stadium.

As part of the repayment of the certificates of participation on the on-campus football stadium

The amount of this pledge is approximately $68.5 million at June 30, 2017, which is equal to the remaining principal and interest payments on these certificates of participation. This pledge is in effect until the certificates of participation are paid off, which is expected to be March 1, 2036 (the maturity date of the certificates of participation)

https://flauditor.gov/pages/nonprofit_forprofit rpts/2017 ucf athletics association inc.pdf

[Bull94]

42 minutes ago, ArmyBull said:

Would love a source on this - guy at the office constantly talks about all of c’s new sports related building projects.  

I am a believer in an OCS for reasons well outside of revenue and investment. 

and another. again I'm no accountant so I don't know the ins and outs.

52 - Total Athletics Related Debt:$60,951,281

Athletically-Related Facilities Annual Debt Service:$7,115,376

http://image.cdnllnwnl.xosnetwork.com/attachments1/files/34100/637893.pdf?DB_OEM_ID=34100

[ArmyBull]

28 minutes ago, Bull94 said:

and another. again I'm no accountant so I don't know the ins and outs.

52 - Total Athletics Related Debt:$60,951,281

Athletically-Related Facilities Annual Debt Service:$7,115,376

http://image.cdnllnwnl.xosnetwork.com/attachments1/files/34100/637893.pdf?DB_OEM_ID=34100

Thanks - that seems a pretty good bargain for what they have over there.  So they can pretty much pay ALL of their athletic debt with just ticket revenue?  That does not sound right.  

[Bull94]

4 minutes ago, ArmyBull said:

Thanks - that seems a pretty good bargain for what they have over there.  So they can pretty much pay ALL of their athletic debt with just ticket revenue?  That does not sound right.  

no their ticket revenue is like $4M. this is for all sports I believe

and this debt doesn't include other operating expenses

Edited October 2, 2019 by Bull94

[DELdaBull]

All ticket revenue seems to be about 4M. We can assume most of that is football related.  

In 2017 after all bill are paid it looked like they finished with 3M. 

At least on paper

Edited October 2, 2019 by DELdaBull

[mj796]

Does anyone know if USF gets the suite revenue in Ray Jay and also any portion of ad dollars?