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Here's an interesting story of events at ISU (Iowa State University).
Their athletic department has OVERSPENT to the tune of $9.4 million in just the past year or so!!
That's right, in the past year they have spent well over $42 million, BUT their revenue generated (income) has been only $33 million.
The clincher was that they spent $3.1 million to buy out (severance) the recently fired head football (Dan McCarney) and basketball (Wayne Morgan) coaches!
Personally I think someone at the top in their department needs to get their butts canned over this kind of fiscal mismanagement!!
Oh, and someone let me hear again how the taxpayers never pay for any of this....yeah, right!
Their athletic department has OVERSPENT to the tune of $9.4 million in just the past year or so!!
That's right, in the past year they have spent well over $42 million, BUT their revenue generated (income) has been only $33 million.
The clincher was that they spent $3.1 million to buy out (severance) the recently fired head football (Dan McCarney) and basketball (Wayne Morgan) coaches!
Personally I think someone at the top in their department needs to get their butts canned over this kind of fiscal mismanagement!!
Oh, and someone let me hear again how the taxpayers never pay for any of this....yeah, right!