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<blockquote data-quote="TooTall" data-source="post: 1005328" data-attributes="member: 3993"><p>The decision to jump from D3 to D1 (all sports, not just football) strained their finances so sever that 17 years from moving back to D3, they close down. The reason...not because they couldn't get the loan from the state of Alabama, but because of poor financial decisions, like the jump to D1. The state didn't see loaning them 30 million dollars as being a loan that could be repaid. A 1,200 enrollment should be able to keep the school open, but the previous administration doomed them.</p><p></p><p>Similar circumstance happened at the college (Newberry College) I attended, which was at 700 students when I was there (2002-2006). Poor financial management lead to new administration in the early 2000's, which made sever cuts, and was rocky for a while, but is now growing stronger by the day. It took a while to add the new sports, new athletic facilities, new dorms and now even new degree fields that will lead us to University status in the near future. The enrollment is now 1,300, and we are still in the same D2 conference we were in since the Regan administration.</p><p></p><p>Per New York Times: "The school has been <a href="https://www.nytimes.com/2023/12/27/us/politics/birmingham-southern-alabama-financial-rescue.html" target="_blank">mired in debt</a> for years. The 2009 recession, and then the coronavirus pandemic worsened the toll of expensive campus investments and a dwindling endowment."</p><p></p><p>Point is, the transition to D1 in the early 2000's started the slide to where they are now and they have no one to blame but themselves.</p></blockquote><p></p>
[QUOTE="TooTall, post: 1005328, member: 3993"] The decision to jump from D3 to D1 (all sports, not just football) strained their finances so sever that 17 years from moving back to D3, they close down. The reason...not because they couldn't get the loan from the state of Alabama, but because of poor financial decisions, like the jump to D1. The state didn't see loaning them 30 million dollars as being a loan that could be repaid. A 1,200 enrollment should be able to keep the school open, but the previous administration doomed them. Similar circumstance happened at the college (Newberry College) I attended, which was at 700 students when I was there (2002-2006). Poor financial management lead to new administration in the early 2000's, which made sever cuts, and was rocky for a while, but is now growing stronger by the day. It took a while to add the new sports, new athletic facilities, new dorms and now even new degree fields that will lead us to University status in the near future. The enrollment is now 1,300, and we are still in the same D2 conference we were in since the Regan administration. Per New York Times: "The school has been [URL='https://www.nytimes.com/2023/12/27/us/politics/birmingham-southern-alabama-financial-rescue.html']mired in debt[/URL] for years. The 2009 recession, and then the coronavirus pandemic worsened the toll of expensive campus investments and a dwindling endowment." Point is, the transition to D1 in the early 2000's started the slide to where they are now and they have no one to blame but themselves. [/QUOTE]
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