LSU filing for bankruptcy? Looks likely!
- Thread starter dWarriors88
- Start date
That is not good news no matter what school you root for in sports or what university you attended.
This is all about politics and has little/nothing to do with the university itself. Every state university requires funding from the state in which it operates. If the state is forced to reduce that funding, the school has to make cutbacks. One way to manage that is to file bankruptcy to ease staff/academic cutbacks but defaulting on debt.
This really has nothing to do with football. I suspect that LSU's football program will be fine unless they lose athletes because of the academic cutbacks.
This really has nothing to do with football. I suspect that LSU's football program will be fine unless they lose athletes because of the academic cutbacks.
Which begs the question: How many parents willingly pay tens of thousands of dollars to send their kids to college to get an education vs. those who willingly spend that money so their kid can play sports?
Hey, Alabama is going through a budget crisis... i wonder our schools/universities will be doing the same?
THIS. On a related note, there's a you-know-what storm approaching. I suggest you find some good economy blogs to frequent.
While their athletic department is successful and solvent, would cutting academic programs and faculty have an impact on the sports programs since they are called student-athletes?
What is really concerning is thst their State constitution only allows for education and healthcare to be cut from the budget. The fact that Moody's had lowered their rating makes this motr than political posturing. Would yhis financial situation trigger SACS to get involved?
What is really concerning is thst their State constitution only allows for education and healthcare to be cut from the budget. The fact that Moody's had lowered their rating makes this motr than political posturing. Would yhis financial situation trigger SACS to get involved?
"Students, especially incoming freshmen who have offers from out-of-state colleges, will start bailing out, too, as it increasingly appears there could be no fall semester at the state’s flagship university."
I would imagine they will take care of the problem. But if this happens I doubt they would be allowed to field a football team. The players would not be active students. I can't imagine the state letting that happen.
I would imagine they will take care of the problem. But if this happens I doubt they would be allowed to field a football team. The players would not be active students. I can't imagine the state letting that happen.
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