Happy to read this
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Good! You borrow 30 million, you pay back 38 millionā¦its double digit interestā¦Thats not good business at all unless you desperately need the money, which we dont.
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I hope we donāt need the money.
Lots of sources have suggested we do.
Envy is the thief of joy
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āWeāre far from poorā¦ā
-Kelvin Sampson
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I listened to the Go Coogs podcast with āTalk Around the Townsā, with Towns and JD this week and was encouraged to hear some of the revenue projects UH Athletics has in the works. UH is working on a patch deal for jerseys, and naming rights to TDECU field and Fertitta Center court, which sound like they will be announced this summer. Glad to see UH being proactive in increasing their revenue streams. It sounds like universities are proceeding very cautiously over this PE offer.
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I dunno Bro.
Over on the basketball board, a guy that usually has some good inside info posted that some of our basketball donors have fallen off.
Not sure if itās true, but it would be a good excuse to take the money if it is true.
We could definitely use that money to buy us some top new coaches in baseball, softball, and menās golf.
We aināt going into debt for thatā¦ and I read someone say they heard something from somebody on the basketball boardā¦
Our basketball roster disagrees, thoughā¦
$30mm in loans? Are they unsecured? If not, what does PE accept as security? 10% in the current marketplace seems high
law is all for spending public money. He works for a public entity. There is a reason why so many public entities operate in the red/deficit. They canāt balance their books but want you to bail them out.
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Weād be spending PRIVATE money here. GET IT RIGHT!!!
Yep, you are clueless law.
No, you are.
This is private capital we would be spending.
What is it for you to understand that we do not want to carry debt?
Spending money we do not have is fiscally irresponsible.
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Lots of entities, public and private, finance growth through debt of one kind or another.
That said, I trust Renu.
I respect her decision, even if I am a bit disappointed by it. Iād have used that money to do the things we need to do in order to advance, and hope for either a) increased revenues from the resulting success, or b) sugar daddying from Uncle Tilman to pay for any shortfall.
Just say No
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We already said were are NOT doing it. Read the local paper once in a whileā¦Only a desperate school would take a 30 million loan when they would have to pay back 38 millionā¦We are NOT desperate. and i bet most of our sister schools in the Big 12 arent that desperate either. Redbird is doing a number of positive things to help the big 12. Availability of a loan if a school wants it is only one thing.
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UH Athletics had a deficit of $6.1M in FY 2025. I think the fiscally responsible decision is to wait to see how this PE plays out. If Iām on the UH BOR, I need to see how UH Athletics is paying back that money @ 10% interest. There is nothing that has been reported publicly that gives me comfort that Athletics could pay the money back. UH has additional revenue from the B12, but my guess is some of that money is already spoken for, not the least of which is to the players in the form of revenue sharing. That leaves the university to pay the bill.
Dr. Khator will not go into a BOR meeting telling the BOR the backup plan is the university will cover the loan. She would lose a lot of goodwill if that happened.
We all need money, but we donāt need, and donāt want, another loan; especially one with high interest.
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