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<blockquote data-quote="LibertyTurns" data-source="post: 611950" data-attributes="member: 789"><p>We can ignore the elephant in the room but economics is going to be a drag for quite some time. It cost about $6M for the latest staff transition. We’ve gone from having about $7M operational reserve to being about $4.5M in the hole by the end of the 2020 fiscal year (6/30/20). To put that into perspective, ticket sales across the enterprise surged to $14M last year for all of GT athletics.</p><p></p><p>There’s some plans to restructure debt servicing & obviously a bunch of fundraising initiatives, but if this was your company & you were trying to increase or even protect market share in a tough environment, you would not be sleeping well at night. Couple that with across the way, one of your prime competitors just <strong>INCREASED</strong> their operating budget the equivalent of 50% of what you typically operate with overall for the entire year. To characterize that as David vs Goliath could quite possibly be an understatement. It might more accurately be young child of David vs adult in his prime Goliath.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 611950, member: 789"] We can ignore the elephant in the room but economics is going to be a drag for quite some time. It cost about $6M for the latest staff transition. We’ve gone from having about $7M operational reserve to being about $4.5M in the hole by the end of the 2020 fiscal year (6/30/20). To put that into perspective, ticket sales across the enterprise surged to $14M last year for all of GT athletics. There’s some plans to restructure debt servicing & obviously a bunch of fundraising initiatives, but if this was your company & you were trying to increase or even protect market share in a tough environment, you would not be sleeping well at night. Couple that with across the way, one of your prime competitors just [B]INCREASED[/B] their operating budget the equivalent of 50% of what you typically operate with overall for the entire year. To characterize that as David vs Goliath could quite possibly be an understatement. It might more accurately be young child of David vs adult in his prime Goliath. [/QUOTE]
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