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View Diary: Cuomo tried gifting private university $200M for football stadium (290 comments)

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  •  Football is a cash cow (9+ / 0-)

    While I think it would be a terrible idea for Chicago or New York to use taxpayer money for a stadium for a private school, I will point out that Syracuse actually does make money on football (see link below), and most schools use football to support other sports in their athletic department.  Syracuse will presumably make more money this year after conference realignment.  While it may be an "expensive sport," it seems to be where the revenue is.  Of course, you can be a lot more profitable if you get someone else to build you a stadium.

    Syracuse athletic revenues

    •  Their football revenue is 20-30 mln/year. (1+ / 0-)
      Recommended by:
      anna shane

      But that was before the transition to ACC.

      http://dailyorange.com/...

    •  Would that we could find (0+ / 0-)

      an educational cash cow...

      hmm?

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      by a gilas girl on Tue Jan 21, 2014 at 05:02:09 PM PST

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      •  Stanford has one (0+ / 0-)

        its called startups.  I read that Stanford's take from Google alone was over $300 million.  They have gotten similar hauls from interests in Yahoo and others.  Im not talking donations from alumni but chunks of the companies owned by Stanford.  At Stanford sports money is chump change.

        It is well that war is so terrible -- lest we should grow too fond of it. Robert E. Lee

        by ksuwildkat on Tue Jan 21, 2014 at 08:55:37 PM PST

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        •  ksu - that's because the technologies were (1+ / 0-)
          Recommended by:
          ksuwildkat

          invented at Stanford who filed the initial patents. When faculty or former students want to start a company they have to license the intellectual property from the university. Stanford does two things very well, it supports technology advancement and aggressively funds and prosecutes patents to protect the inventions. It also has a world class technology transfer department filled with Silicon Valley savvy professionals who actively seek to facilitate the commercialization of the discoveries and work with the inventors to help make that happen.

          "let's talk about that"

          by VClib on Tue Jan 21, 2014 at 09:27:25 PM PST

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          •  Oh I understand how it works (2+ / 0-)
            Recommended by:
            VClib, ctami

            I was responding to a gilas girl lamenting that there was no "cash cow" for education.  

            I get sick of hearing the "sports is evil" refrain and "if we paid professors as much" crap when school like Stanford show that you can be successful in sports and in the classroom.  Hell at Stanford coaches bitch about not getting in on the startup money.

            Stanford has won the Directors’ Cup, which honors the most successful program in NCAA Division I sports, the last 18 years. For 37 years in a row, Stanford has won at least one national championship—the longest streak in the nation. In 2012-13, women's tennis was the national NCAA champion.
            My own University has embraced the Stanford model for helping students/professors/alumni succeed in startups but its a bit harder in the middle of Kansas tun the heart of Silicone Valley.  And we certainly don't shy away from promoting the University through sports.  And why should we?  Sports - specifically football - turned around the entire University from one that was slowly dying on the vine to one that sets almost annual enrollment records.  Every dime we have invested in sports has been returned 10 times over to the benefit of every students.  

            It is well that war is so terrible -- lest we should grow too fond of it. Robert E. Lee

            by ksuwildkat on Wed Jan 22, 2014 at 05:26:12 AM PST

            [ Parent ]

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