In my pipe dream we start FCS, a stadium for 10k-15k that could be used for local big time games in all sports . I don’t think $100 mil endowment gets FBS comfortably.
Whenever I hear the argument that adding Football (or investing heavily in Athletics as a loss leader) to catapult the schools overall reputation forward, all I can think of is Reed Rothschild and Dirk Diggler in Boogie Nights insisting the only thing stopping them from being rich Rock and Roll stars was some guy in possession of their demo tapes waiting to get paid.
Can you imagine the athletic dept. debt size if we had kept football. We can't afford what we have now, much less a negative drain from professional college football.
No one needs football. That is an exotic product. Then you think our President can magically poof a football program. Heard of title IX? Come on, be serious.
Do you think her blindness got the gist of this post about how Ploy id funding their football team ? Conoley the endowment is very important.
They leverage big donors for the facility. Spanos (the Chargers) and now the Madden Family (the Football Excellence center or whatever they are calling it).
They have two modest student fees that support athletics, one for scholarships, one for other aspects.
A few of their sports had to be fundraised to operate fully by an endowment that covers full in state scholarships and operations. I believe golf. So rather than fundraising each year for operations, they use investment returns to offset costs. Little things like this free up money for football.
How can they afford football? Then LBS can't. For them to keep football they can't stay in the Big West for long.
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