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“Tennessee’s athletic department is more than $200 million in debt, which is the most in the SEC. Moreover, Tennessee has reserves of just $1.95 million, which is the least in the SEC. “

Tetched in the head University of Tennessee (follow its mad sports program here) is now, after years of medically unsupervised activity, in unbelievably deep shit.

… [F]our losing seasons in the last five years, and home attendance has steadily declined… Tennessee fired Derek Dooley following this past season and owes him $5 million. That’s after paying Phillip Fulmer a $6 million buyout (over 48 months) when he was forced out following the 2008 season.

… Tennessee’s reserves have been depleted by $21 million in transfers back to the university over the last three years and $11.4 million in buyouts to fired coaches in football, basketball and baseball, as well as administrators. Former Tennessee athletic director Mike Hamilton walked away in 2011 with a $1.335 million buyout.

That $11.4 million figure doesn’t count the $5 million owed to Dooley, nor an additional $2 million to his assistants.

It’s worse than that. The reeling drunks running the show have much more public cash than that dribbling out of their mouths. Plus we can anticipate plenty of player scandals and all that Chapel Hill stuff…

What to do?

Well, if you’re the University of Tennessee I tell you what. You do one thing and one thing only: RUN AWAY!!!! You’ve made your bed; now you have to …

RUN AWAY!!!!!!!

Don’t nobody get to watch us whiles we chew the fat ’bout our next move: A new stadium, fire the next coach and give him a ten million dollar buyout… We’re runnin’ the joint see and we do it our way and fuck you all.

A board that makes recommendations about the direction of the University of Tennessee’s athletic department reversed a longstanding policy last year, leading to closed-door meetings, little written documentation and questions from the press and transparency advocates… Transparency advocates counter that the university is a public institution, and its doings should be public record. The fact that two athletic board members are also on UT’s Board of Trustees caught the eye of the Tennessee Press Association’s Frank Gibson.

Margaret Soltan, January 21, 2014 8:45AM
Posted in: sport

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2 Responses to ““Tennessee’s athletic department is more than $200 million in debt, which is the most in the SEC. Moreover, Tennessee has reserves of just $1.95 million, which is the least in the SEC. “”

  1. charlie Says:

    Where the hell is the Faculty Senate? What has happened to both the alumni and student body? I won’t ask about the general public, they seem not to matter to those that run this snake house.

    It is becoming more obvious by the day, the universities purpose is to be a money spigot for property speculators and Wall Street investment houses, in order to scam hapless university students, who have no clue how to stop the criminality at their universities.

  2. UT vs. Auburn vs. Missouri - VolNation Says:

    […] […]

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