netflixnchildres
Well-known member
What this bloated Wake Forest administration fails to comprehend is that there are 2 revenue generating sports in college, football and basketball. All other sports are not revenue generating, and thus require the university to take a loss, possibly break even, when running them.
While it might be nice to say hey look we have this soccer trophy, and this golf trophy, and this tennis trophy, and this squirrel hunting trophy, at the end of the day they have potentially lost the university money to accumulate. Meanwhile the cost of attendance is amongst the highest of any university in the world, and continually shoots up without adding to the schools endowment. Losing in revenue generating sports creates a vacuum where money could be going in to the school to pay for that shiny 1st place trophy in one-legged relay frog racing, but instead adds to the already poor ROI of Wake Forest for the new students. Money has to come from somewhere, and you think Hatch and Wellman are taking a paycut? No way! So this decade of losing has lead to an empty LJVM with no hopes of keeping season ticket holders around. Now we are paying for an empty stadium instead of using it to pay for the successful athletes in non-revenue sports. We should be doing things to add to the endowment. In case anyone doesn't know endowment per student is most directly correlated with success/prestige/everything good about a university. Ivy league endownments, Duke endowments, etc. all better than Wake.
For an AD that claims to understand business he has failed this miserably. You took the one program that could sell out home games and next year it will be a ghost town. Have fun offsetting the losses of revenue from somewhere else, maybe that will get this screw up fired by the BOT.
While it might be nice to say hey look we have this soccer trophy, and this golf trophy, and this tennis trophy, and this squirrel hunting trophy, at the end of the day they have potentially lost the university money to accumulate. Meanwhile the cost of attendance is amongst the highest of any university in the world, and continually shoots up without adding to the schools endowment. Losing in revenue generating sports creates a vacuum where money could be going in to the school to pay for that shiny 1st place trophy in one-legged relay frog racing, but instead adds to the already poor ROI of Wake Forest for the new students. Money has to come from somewhere, and you think Hatch and Wellman are taking a paycut? No way! So this decade of losing has lead to an empty LJVM with no hopes of keeping season ticket holders around. Now we are paying for an empty stadium instead of using it to pay for the successful athletes in non-revenue sports. We should be doing things to add to the endowment. In case anyone doesn't know endowment per student is most directly correlated with success/prestige/everything good about a university. Ivy league endownments, Duke endowments, etc. all better than Wake.
For an AD that claims to understand business he has failed this miserably. You took the one program that could sell out home games and next year it will be a ghost town. Have fun offsetting the losses of revenue from somewhere else, maybe that will get this screw up fired by the BOT.