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Court Blows Up NCAA Transfer Rules
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<blockquote data-quote="IM79" data-source="post: 984779" data-attributes="member: 2216"><p>There is no way we can drop down to a level or division without major conference TV money. If you read the bond documents that were given to our athletic facilities bond investors, they state that the bonds would be repaid through the growing media revenue received via the ACC. If we lose major conference TV Revenues, that puts those bonds in danger of not being repaid. <a href="https://www.fitchratings.com/research/us-public-finance/fitch-rates-georgia-tech-athletic-association-series-2024-revs-a-outlook-stable-13-11-2023" target="_blank">https://www.fitchratings.com/research/us-public-finance/fitch-rates-georgia-tech-athletic-association-series-2024-revs-a-outlook-stable-13-11-2023</a></p><p></p><p>"Revenues recovered some in fiscal 2022 with a return to more normal football and basketball seasons, growing Atlantic Coast Conference (ACC) revenues, strong fundraising and other revenue initiatives, along with continued expense discipline"</p><p></p><p>I say the GT leadership should go to the Governor and the General Assembly leaders and say you need to order UGA to sponsor GT into the SEC in the next round of expansion or else UGA gets punished. If GT gets left out, these bonds could default and the state could take a hit reputation wise and financially. They will never do it so we are at risk.</p></blockquote><p></p>
[QUOTE="IM79, post: 984779, member: 2216"] There is no way we can drop down to a level or division without major conference TV money. If you read the bond documents that were given to our athletic facilities bond investors, they state that the bonds would be repaid through the growing media revenue received via the ACC. If we lose major conference TV Revenues, that puts those bonds in danger of not being repaid. [URL]https://www.fitchratings.com/research/us-public-finance/fitch-rates-georgia-tech-athletic-association-series-2024-revs-a-outlook-stable-13-11-2023[/URL] "Revenues recovered some in fiscal 2022 with a return to more normal football and basketball seasons, growing Atlantic Coast Conference (ACC) revenues, strong fundraising and other revenue initiatives, along with continued expense discipline" I say the GT leadership should go to the Governor and the General Assembly leaders and say you need to order UGA to sponsor GT into the SEC in the next round of expansion or else UGA gets punished. If GT gets left out, these bonds could default and the state could take a hit reputation wise and financially. They will never do it so we are at risk. [/QUOTE]
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Court Blows Up NCAA Transfer Rules
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