CL82
NCAA Woman's Basketball National Champions
- Joined
- Aug 24, 2011
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NIL first
Maybe getting a design firm for an on campus stadium. I know that this is an uphill battle, but if you can partner with a firm , it can help
Building out marketing as well
I'd look to see what Utah is doing
NIL is theoretically third-party money so there wouldn't be a need for us to take out a loan for it. Setting that aside, it's an operating expense in that it's an annual cost. Taking out loans to fund annual expenses is a death spiral.
If it's ever appropriate to build an on campus, Stadium, and that's a debatable point, I doubt we'd have any issues getting the money for the initial design phase from the state. If we couldn't get that money from the state, having designs made up are probably moot anyway.
Do take a look and see what Utah State is using it for. I'm actually curious. I'm not a huge advocate for private equity investment in a public university, athletic department, but the devil's always in the details. If, and I'm just making something up off the top of my head, we were using that money to build the infrastructure for a network (like a mini BTN) in exchange for giving up a X percent stake in the network to the investor and the projections for that showed a positive ROI for us, that's something that could make sense. (Don't get me wrong, I'm not advocating for that, I'm just saying if you're going to borrow money, you need to be building a capital asset with it and not paying off ongoing expenses.)