- Jun 13, 2014
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Founding Member
And the ones who over leveraged with that temporary ESPN revenue spurt may regret it later as ESPN is running into problems and that revenue stream may go away but the over leveraged teams ( who assumed that revenue would continue like you do) still have a high debt service. Add to that the recently added non deductibility of seat donations and you have another potential revenue loss. (but the high debt service remains). Add to that a normal recession and an over leveraged business has another revenue problem (but the debt service keeps coming).
Foley made terrible choices on his last two head football coaches so he made 2 major mistakes. Because UF was prudently run and not over leveraged UF still was able to give money to UF during those mistake years and still afford Mac's and Muschamp's buyouts.
I highly doubt we will be getting any advantage over the other teams anytime soon due to Foley being a cheapskate and not prioritizing football as much as he should have.