Marshall has received far more money from the state for athletics than WVU.
Far more.
WVU announced "self-sufficiency" in the mid-80's.
This was related to the new stadium and unanticipated crowds which allowed us to pay off the bonded indebtedness associated with the new stadium. Private fund raising exploded at the same time.
In the meantime MU tried the same scheme for your new stadium. BTW your stadium cost more than ours.
Your prez, however, told the bonding authority, AFTER the stadium was built, that MU could only pay 30k per year to retire the debt. 30k. That's a 1000 year payoff.
A member of the bonding authority made a motion for the Herd's debt to be forgiven The motion passed and 30,000,000 dollars was removed from the books and shifted onto the backs of the taxpayers, the vast majority of whom are WVU fans.
And now your athletic budget is subsidized by the taxpayers to the tune of 28% to 43%.
You've gotten far more money from the state to run your athletic department than WVU.
Will you pay it back? When?
Far more.
WVU announced "self-sufficiency" in the mid-80's.
This was related to the new stadium and unanticipated crowds which allowed us to pay off the bonded indebtedness associated with the new stadium. Private fund raising exploded at the same time.
In the meantime MU tried the same scheme for your new stadium. BTW your stadium cost more than ours.
Your prez, however, told the bonding authority, AFTER the stadium was built, that MU could only pay 30k per year to retire the debt. 30k. That's a 1000 year payoff.
A member of the bonding authority made a motion for the Herd's debt to be forgiven The motion passed and 30,000,000 dollars was removed from the books and shifted onto the backs of the taxpayers, the vast majority of whom are WVU fans.
And now your athletic budget is subsidized by the taxpayers to the tune of 28% to 43%.
You've gotten far more money from the state to run your athletic department than WVU.
Will you pay it back? When?