Posted on 06/23/2020 12:15:27 PM PDT by blam
Football program generated $175.5 million in 2015-2016 fiscal year
University of Alabama football means more to the city of Tuscaloosa than just bringing notoriety to the school and the state with a handful of national championships.
The team also brings in significant cash flow and it could mean a major loss should the college football season get canceled because of the coronavirus pandemic. Mayor Walt Maddox told reporters on a video conference call that not having a season could result in about $2 billion in lost revenue.
It would be economically catastrophic for Tuscaloosa if there is no football season, Maddox said, according to CBS42. Even a mitigated football season with restricted attendance and number of ball games would have dire economic consequences.
Maddox said the city was losing $600,000 per week when the campus was closed due to the pandemic.
Its about a hotel owner being able to pay his or her employees. Its about a restaurant being able to pay their small business loan. Its about a family trying to make their mortgage payment. Its more than just a game, he said, according to WBRC-TV.
According to the University of Alabamas economic data, the impact on Tuscaloosa was projected at nearly $2 billion for the 2015-2016 fiscal year. The football program generated $175.5 million of those funds, including about $25 million per game.
Maddox said the city has $42 million in reserves for a year should the season get canceled.
Its important to wear your masks and practice social distancing so we dont even have to entertain the possibility. If we can regain a football season this becomes a bump in the road. If we lose this football season this becomes a sinkhole, he said.
(snip)
(Excerpt) Read more at foxbusiness.com ...
I think in some cases, it is not accurate to say that “this college has a football team”.
It may be more accurate to say “this football team has a college”.
Wear masks, HA, how ridiculous. Like the Crimson Tide is AFRAID of some little bug! NEVER!
Football??
Isn’t that a game that a bunch of mostly black men play at he behest of the Rich Liberal White Owners of these Teams?? Like Puppets or a minstrel show???
Famous quote by an OU president.
I want to build a university the football team can be proud of
That's a lot of money for a state that has a population that is less than metropolitan Houston, Texas.
These small sized SEC towns will take a serious hit without football crowds to be sure, but I honestly think Tuscaloosa will be able to withstand the hit far better than other similar cities.
As Groucho said, they can always fall back on elephant hunting.
Funny thing though was that Saban was blasting Tide fans for lack of attendance, because basically Bama fans don’t care much for the regular season, since they assume they’ll win all those games anyway.
So, how is this serious, young academic scholar supposed to get to the NFL now?
Their farm teams will also suffer.
I thought that was about attendance from the 'reserved tickets' student section.(Or, something related to that.(?))
Yup. I don't watch the NFL, period!
And....?
They should have a policy of “business as usual”. It people want to come they will. If people are afraid of the chinese death virus, they won’t. Toughen up.
Half-black Pat Mahomes is woke now - LeBron congratulated him on Twitter.
I might be done. I lived long enough to see a Chiefs SB.
The mayor could work with the governor to end the charade.
That would mean they both have to give up being control freaks, so it wont happen.
NFL is dead to me and college football is going the same way.
Im an avid cfb fan but Im ready to just walk away. Sick of the in your face insults and preaching. Its uncalled for.
They’re afraid of LSU...
RTWFU.
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