Key tweets, and it's all gone to Hell.

[Husky25]

The CRDA then has two options:

1 - accept that they are "hamstrung" (as it was presented) and live with it.

2 - seek to modify the agreement (this happens all of the time in business) so that they can attempt to hold more events in an arrangement that the school would not object to.


As things currently stand, nothing about the Rent (good or bad) can be viewed as the school's fault.

I don't disagree and I'm on record as saying it's a terrible provision, but it is what it is. I don't write the contracts.

 

[CL82]

Unless something has changed, The UCDA is hamstrung by the deal they have with UConn. So long as the stadium operates at a net loss UConn pays the first $250,000, but only if 100% of the non-UConn events make a profit. Also the UCDA and/or operator must know this in advance. Otherwise they could take more chances on what is booked at the venue.

This article is from 2020, but this has been the case for years.
"Rentschler’s heavy dependence on UConn football — the reason why the $92 million stadium was built in the first place — constrains the ability to book the field for other events. Rentschler’s lease with UConn prohibits the stadium from taking a loss on a concert or athletic event because essentially that would mean asking UConn to pay for other events with its $250,000 operating subsidy."

While international friendly soccer matches dot the schedule, there hasn't been a notable concert since The Police reunion in 2007. Besides most big acts book the Meadows in the summer.

Easy answer is to eliminate the university of Connecticut pointless $250,000 subsidy. That money is coming from the state, ultimately, anyway. Routing it through the university just hides the CDRA ineptitude. It's an accounting gimmick nothing more. If they thought they could make more than 250,000 they would do it and wave the universities subsidy. They can't because that would take a minimum of competence and effort, both of which CDRA seems to lack.

 

[JohnFSilver]

"The revenue figures are from the Department of Education’s Equity in Athletics Data Analysis and the Knight Commission on Intercollegiate Athletics for the fiscal year 2023. The list is reflective of the current enterprise value of each program, starting with a base revenue multiple of four for all institutions, and then adjusting the multiple for variables, including conference affiliation, estimated NIL spend, school subsidies, number of alumni and other factors that can catalyze future revenue growth and profitability".

So apparently it reflects when those schools were in the original PAC 12.

Have no idea why UConn Football would tweet that when it doesn't accurately reflect current conditions. Benedict should tell them to delete it.

What at San Diego St has a significant enterprise value? Are we missing something?

 

[huskymedic]

What at San Diego St has a significant enterprise value? Are we missing something?

Explore | Mission Valley | SDSU

SDSU Mission Valley will transform the San Diego Stadium site to support SDSU’s academic, educational, and cultural mission.

missionvalley.sdsu.edu