Michigan no longer in top 10 most valuable programs
Dropping like a rock from 4 to 11. Blame it on Michigan's economy, I suppose...
http://www.azcentral.com/sports/colleges/articles/2009/12/23/20091223fo…
December 24th, 2009 at 8:09 AM ^
Well, here is my list
1. MICHIGAN
That is as long as my list gets.
I hope everybody has a happy holiday.
December 24th, 2009 at 8:24 AM ^
Merry Christmas
Now that's a good response.
I am with you.
December 24th, 2009 at 8:33 AM ^
The stadium project. I'm not sure how they get the profit numbers and all that but not only are there a few thousand more tickets we can't sell this year but we are spending some 200+ million on the stadium. I would expect to see a huge jump next year when we start selling out the boxes for $50,000 a piece. Sales are also probably down as far as Michigan gear because of the economy -> steve and berry's closed on state street and giving the in-stadium licensing to the "mgoblueshop" and taking it away from the local Mden stores.
Just doing some simple estimation here,
But there are 83 suits that they are adding to the stadium that sell for about $50,000+ each. I'm not sure how it all works out but in simple terms 83*$50,000 = 4,150,000 and that isn't taking into account the 3,000+ club seats they are adding. Just simply adding that to this year's total makes us the #8 team over the buckeyes. Also factor in that some of the suits go for more than $50,000. I don't think it's anything to be really concerned about.
December 24th, 2009 at 9:51 AM ^
I believe you need to deduct interest expense from the revenue stream generated by those club seats (unless it is all paid for).
Regardless, Michigan Stadium is a gem. Best stadium to see a football game in the US. We will be fine as soon as a few more wins start showing up.
December 24th, 2009 at 8:42 AM ^
that a lack of bowl cash affects the balance sheet. Which we'll hopefully rectify next year.
December 24th, 2009 at 10:01 AM ^
The Big 10 shares all bowl revenue.
December 24th, 2009 at 10:28 AM ^
So explain how it has no effect, even if it is split evenly it would still add to the total.
December 24th, 2009 at 10:40 AM ^
if we dont go, chances are another big 10 team is in our place. there is a finite amount of teams and bowl games for a 6-6 big 10 team.
December 24th, 2009 at 11:24 AM ^
Exactly. We beat OSU, we have 6 wins, we make a bowl game, so do they. It isn't as though us winning the 1 more game to get us into a bowl would take a bowl game away from another B10 team. Unless you think Minnesota or Michigan State wouldn't get into a bowl if we get to 6 wins.
December 24th, 2009 at 11:38 AM ^
I'm pretty sure the Big Ten has agreements with seven bowl games to place teams. This year we only placed six. So we did miss out on some bowl money. However, the quality of the bowl probably wouldn't chance the balance sheet very much.
December 24th, 2009 at 11:19 PM ^
Generally the minor bowl participants (and their conferences) lose money from participating in those bowls because the $$ from the bowls after the cost of covering conference participant ticket guarantees is not enough to cover expenses.
http://www3.signonsandiego.com/news/2009/dec/17/tickets-guarantees-pric…
December 25th, 2009 at 11:17 PM ^
Bowl revenue is split 13 ways- 1 for each team, 1 for the Big Ten, and the extra share to the team in that bowl. So if you don't go to a bowl, you only get 1 share from each. And if you go to say the Rose Bowl, you get two shares of the most profitable payout, plus 1 from all the others. So it does make a difference, and going to a better Bowl does make your school more money; just not as much as it would if you were keeping the payout for yourself.
December 24th, 2009 at 8:42 AM ^
UM is investing in their stadium, creating a short-term "loss" of revenue. The revenue will increase again as soon as everything is finished. Also, a few more wins will either get the season ticket bandwagon-jumpers back or replace them with new, proud season ticket holders. Either way, it means more money.
Quite a few things have made me want to shed tears for the football team the last seven years, but their financial standing is not one of them.
December 24th, 2009 at 8:46 AM ^
If Michigan were a stock, I would buy it. The share price may be down now, but the right investments are being made for the program to grow in value in the near future.
December 24th, 2009 at 9:24 AM ^
http://www.forbes.com/2009/12/22/most-vaulable-college-football-teams-b…
Not only does the program make money off of the tickets for the suites (around $50,000 per season per box), there is also the money from the leases/donations people have to make just to get them. Theres only a couple million dollars separating Florida at #6 from Michigan at #11.
But in the grand scheme of things the football programs monetary value is nothing compared to the money that flows into that institution from its endowment, tuition, research expenditures, hospital system, etc. If we can start beating Ohio State I don't really care what the monetary value of the program is. I wouldn't expect the donations to the football program to keep up with many of the others on that list considering our alumni donate so much to the academic realm of the university.
December 24th, 2009 at 9:29 AM ^
If somebody would just sell a Novak jersey M would be back in the top 10. Seriously, why can't they sell a Novak jersey?
December 24th, 2009 at 9:59 AM ^
uhhh has nobody else noticed that florida is number 6 and number 9? this would make us number 10. still top 10 although that means nothing
December 24th, 2009 at 11:08 AM ^
Based on the text of the article, the #9 Florida should be Georgia. We're still 11.
December 24th, 2009 at 10:13 AM ^
ND does pretty good by itself who would have thought :)
December 24th, 2009 at 10:15 AM ^
Does the Pope have season tickets?
December 24th, 2009 at 10:32 AM ^
Who do you think the Press Box was built for? The whole 2nd floor is Popeville, think county fair + big white hats
December 24th, 2009 at 10:14 AM ^
I'm not a numbers guy, and I'm sure the bean counters look at things like revenue, interest, and all that shit.
I think, from a philosophical point of view, UM is Top Ten in terms of everything that is important: Prestige, reputation, recognition, relevance (always a major topic of conversation), and aura (even if the aura could use a little cleansing right now--and NO that does not mean ZOMG! Fire Rich Rod!).
Look at the program: New state-or-the-art facilities (highest ceiling in the world at The Glick!), 110,000 fat Michigan asses crammed into six-inch wide seats every Saturday, every game on TV, beer 'n brats all over Ann Arbor during the season, and more pompous assholes than anywhere this side of the Ivy League.
Now when the American Auto industry finally dies and they bulldoze Detroit and start over, things outside of Ann Arbor will get better and better.
December 24th, 2009 at 10:16 AM ^
is how Florida is ranked twice in that list (sixth and ninth)... so we're actually still in the top ten.
December 24th, 2009 at 11:12 AM ^
will always be #1 in my book. We'll get back on that list eventually.
December 24th, 2009 at 12:20 PM ^
Let me guess Ohio State is number 1.
December 24th, 2009 at 11:23 PM ^
only until you start factoring bail money into the equation
December 24th, 2009 at 12:25 PM ^
Once the 2010 football season starts we'll be back in the top 5.
December 24th, 2009 at 6:32 PM ^
No program can drop that much because of a couple bad seasons. If we have a couple good seasons in a row, we'll probably go back up to the top 3, but it's not real.
December 25th, 2009 at 9:33 PM ^
...And dropping. Pride comes before the fall.