- Aug 25, 2014
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FSU's in deep doo-doo financially. It required a $6M transfer from boosters to balance this year's budget.
Here's how bleak it is.
"In order to balance this year and next," Seminole Boosters president Andy Miller said, "it will be necessary to sell assets."
Your read right. Sell assets.
They can ill afford the $17M necessary to buy out Taggart.
That's some terrible planning on their part.
Not sure what they’d sell, maybe their stadium. I’d buy it and rent it back to them on a triple net lease basis. I may have to hit the ATM, though, because I usually don’t keep $500 cash in my wallet.