"There's lots of Tigers and Bears, but there's only one Crimson Tide." -Mal Moore
"It's not the will to win, but the will to prepare to win that makes the difference." - Paul (Bear) Bryant
"Arguing with a fool proves there are two." - Doris M. Smith
We should buy them out... a hostile takeover. Then liquidate the assets.
I am up here this week and having a little time to listen to sports radio and they are laughing at themselves to keep from jumping off a bridge. Some talk show was saying something along the lines that the AD was paying Dooley around $100,000.00 a month to NOT work. I do not know if that is true but if it is, then good for Dooley!
Another important thing that hasn't gotten mentioned:
Tennessee girls are too pretty to not be on TV every Saturday!!!!
I knew our program was flush with cash, but $120 million IN RESERVES? I want to believe that, but I'd like to see that verified.
"Football is a hard game. These spread coaches forget that. Until good defenses remind them." Gene Stallings
Given a layman's understanding, I think the answer to your question would depend on a lot of things.
First, is the UT Athletic Department legally separate from the University? I'm guessing so. But if the University guarantees any of the debt, that might not matter. Would the fact that the University's Board of Trustees approved the contract that led to the debt figure in? I don't know, but I'd bet a lot of money that this would be a point of contention.
Who actually owes the money? The Athletic Department? The University? The UT version of the Crimson Tide Foundation? Sounds like form over substance, I know. But trust me, it makes a HUGE difference.
Can the legal obligor on the debt file without dragging a much larger institution (i.e., the University) in as well?
What Chapter of the code applies? Chapter 11 is what most corporations file under for reorganization. But I don't know if it would apply to the obligor. Chapter 9 applies to municipalities. Does it apply to bigger governmental entities (like states)?
I'm unaware of any bankruptcy filings brought on by financial difficulties in the Athletic Department of a major public University. My guess is that there would be all sorts of precedents set, and that nobody really knows how all that would fall out.
Undefeated World Champion Threadkiller
Well given what they pulled on us, I honestly don't care if the place burns down. Other universities will offer those majors. Besides, they could have kept Dooley.
I'll always look back as I walk away
This memory will last for eternity
And all of our tears will be lost in the rain
Til I find my way back to your arms again
But until that day you know you are
The queen of my heart
This explains the Dooley and now Butch Jones hiring.
An atheist is a man who has no invisible means of support. John Buchan
Happy days are here again.