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The Water Cooler
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OU is a BILLION dollars in debt!
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<blockquote data-quote="dennishoddy" data-source="post: 3126837" data-attributes="member: 5412"><p>Let's break this down into simple language. The money from sports is coming into the university just like the money from student enrollment. </p><p>What the university is doing is just like every other business, they create a sports program and then call it autonomous, or a business unit if you may, yet it's still part of the University umbrella. As most businesses do, they call XXX business non profitable, while calling other business units profitable. </p><p>Meanwhile they scream for help for the business units that need financial help while the other business units are flush with profits. </p><p>Nothing new here. Its how businesses especially those that are begging for government money or donations from graduates operate.</p><p>Bookkeepers and CPA's are expert at cooking the books in that regard.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3126837, member: 5412"] Let's break this down into simple language. The money from sports is coming into the university just like the money from student enrollment. What the university is doing is just like every other business, they create a sports program and then call it autonomous, or a business unit if you may, yet it's still part of the University umbrella. As most businesses do, they call XXX business non profitable, while calling other business units profitable. Meanwhile they scream for help for the business units that need financial help while the other business units are flush with profits. Nothing new here. Its how businesses especially those that are begging for government money or donations from graduates operate. Bookkeepers and CPA's are expert at cooking the books in that regard. [/QUOTE]
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OU is a BILLION dollars in debt!
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