Everyone needs to realize we are already borrowing from the University due to the deficits caused by COVID and the past two seasons of declining SASO contributions which go 100% to athletic scholarships. Losing basketball games makes it even more dire. Declining attendance will continue until a winning team is put out there. The problem with borrowing money is that eventually it has to be paid back. I don’t know when the current borrowings will be required to be repaid.
There is significant donor fatigue at Wichita State after the fund raising the past few years. The good news is, we have a new Business School which was desperately needed. We saw significant improvements to Koch Arena and to Eck Stadium. All funded by private donations. And now, a new Softball Stadium which also was needed.
Near term fund raising will be difficult to accomplish a buy out. Difficult, but not impossible. I don’t know if it can happen this year or not.
There is significant donor fatigue at Wichita State after the fund raising the past few years. The good news is, we have a new Business School which was desperately needed. We saw significant improvements to Koch Arena and to Eck Stadium. All funded by private donations. And now, a new Softball Stadium which also was needed.
Near term fund raising will be difficult to accomplish a buy out. Difficult, but not impossible. I don’t know if it can happen this year or not.
Comment