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GT athletic dept has amassed $229 million in debt
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<blockquote data-quote="takethepoints" data-source="post: 199586" data-attributes="member: 265"><p>Yesssss. The problem with this article is like a lot of them on debt, both private and public: it looks at debt and doesn't see what it buys.</p><p></p><p>The main thing about debt it that you incur it to buy <em>assets</em>. The interest on that debt is the price you pay for progress. If you build things that depreciate at a low rate (stadiums, other athletic facilities, equipment for the program, ect.) you are actually building up your capacity. Even the short term stuff can be quite useful. I see why the the journalists focus on this kind of thing; it's all click-bait these days. Still it bothers the dickens out of me when I see it.</p><p></p><p>Apologies to those out there who are studying how to or actually run businesses; I know you people live with this every day.</p></blockquote><p></p>
[QUOTE="takethepoints, post: 199586, member: 265"] Yesssss. The problem with this article is like a lot of them on debt, both private and public: it looks at debt and doesn't see what it buys. The main thing about debt it that you incur it to buy [I]assets[/I]. The interest on that debt is the price you pay for progress. If you build things that depreciate at a low rate (stadiums, other athletic facilities, equipment for the program, ect.) you are actually building up your capacity. Even the short term stuff can be quite useful. I see why the the journalists focus on this kind of thing; it's all click-bait these days. Still it bothers the dickens out of me when I see it. Apologies to those out there who are studying how to or actually run businesses; I know you people live with this every day. [/QUOTE]
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GT athletic dept has amassed $229 million in debt
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