T. Boone refunded OSU all of the original amount that was donated. The only money lost was the money the hedge fund made. Which was a lot. Call me crazy but I trust the judgement of a self made gazillioniar when it comes to managing money.
OSU slashing season ticket prices
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T. Boone refunded OSU all of the original amount that was donated. The only money lost was the money the hedge fund made. Which was a lot. Call me crazy but I trust the judgement of a self made gazillioniar when it comes to managing money.
While the BP Capital Fund is still there. OsU's money isn't. The only thing energy prices is increasing right now is Boone's bottom line, which no doubt will in turn be OsU's. The "investment" has been used to pay off outstanding debts and what little was left has been placed in a more stable "environment."
As for the fund taking "a bit of a hit" that's like say the Titanic hit a little ice.
As for the fund taking "a bit of a hit" that's like say the Titanic hit a little ice.
HoHum
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i think u should blow ur brains out lol
oSuJeff97
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LOL... give me a break.
Yeah... I forgot... everything associated with OSU is evil and everything associated with OU is as pure as the driven snow.
I know it took a large hit. I thought the tongue-in-cheek nature of my post was clear.
But every single investment out there was crushed in the financial collapse. Nothing was spared. It was the single biggest financial crisis since the Great Depression, for Jeebus' sake.
But yeah I know... 'ol Boone and OSU are pure evil... everything we do is wrong... everything OU does is right.... blah, blah, blah.
oSuJeff97
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They are $140, which after an extra $10 service charge makes them $150. Compare that to football, which is $160 ($170). Granted, I know that there's a deal with the Athletics Department where we get them for free if we attend 15 games, but what's the point if we're just giving these tickets away? Call me crazy, but I think more students would show up to games if the tickets were cheaper, if not free.
Also, of course, I expect to see the same results from the teams that I am paying near equivalent amounts of money to watch.
campbest
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Are you really complaining about $150?
I read where Holder doesn't even take a salary. Yea he's a real money hungry whore.
Some of our fans are really immature.
StatGeek
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I could care less about Holder's personal life & my comment was not an attack on his personal life. It was a simple fact about his tenure as OSU's AD. Here is what I dug up in 30 seconds:
The Nation's Most Expensive Student Season Tickets
http://www.newson6.com/Global/story.asp?S=9860810&nav=menu682_5_6
OSU Students Seeking Change In Ticket Prices
http://www.facebook.com/group.php?gid=8179909199
OSU football analysis: It's not popular, but the Holder Plan works
http://www.tulsaworld.com/sportsext...ctid=93&articleid=20101119_93_B1_CUTLIN989698
High ticket prices keeping some fans away
http://sports.espn.go.com/espn/wire?section=ncf&id=2670713
The Price Increase at O-State
http://www.tulsaworld.com/sportsextra/blogs/post.aspx?blogid=11&entry_id=479
OSU Students Paying The Price For Basketball Tickets
http://www.newson6.com/global/story.asp?s=9858754
I wonder why attendance is down 24%?
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I believe almost every move Holder's made has come at the insistance of T Bone.
ousooners1baby
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Undoubtedly very smart with money, T-Boone probably has ruined some companies because of need to make more cash.
oSuJeff97
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LOL. Congratulations on being able to find stories about OSU ticket prices in 30 seconds. Like that was difficult, given the the local media's love affair with said story.
The funny thing is that, with all of the *****ing and moaning about the football tickets, we've consistently broken our season-ticket holder and attendance records for football games since Holder has taken over as AD.
Here's something those linked stories won't mention: before Holder took over as AD, the financial condition of our athletic department was AWFUL. We were barely breaking even on football and basketball and everything else was losing money.
We were at the bottom of the conference in athletic department revenue and P&L - in part because all of our ticket prices were DIRT FREAKING CHEAP.
My season tickets for OSU football used to cost like $200. That was my season ticket cost. And no donation was required. And I have halfway decent seats. (First 15 rows, 20 yard-line) I don't know this for sure, but I'm willing to bet that was among the cheapest - if not THE CHEAPEST in the Big 12.
So of course Holder raised ticket prices - he had to. The athletic department as a business was untenable without doing that.
So Holder made the difficult choices that previous ADs were unable or unwilling to do. He raised football ticket prices, required more donations, raised other sport ticket prices and ran the department like a business.
So what's the result of that? In the most recent Forbes article on the topic, OSU trailed on the "Big 4" in the Big 12 (UT, Neb, OU, A&M) in football revenue and P&L. (I can't find a total athletic dept. P&L, but we all know football runs the ship.)
The guy is doing something right.
On basketball tickets, the prices may be little bit high for the product that is being run out there. I'd say that (the product) has more to do with the attendance declines than anything.
ByronHoustonsSweatyPalms
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Funny. When the student tickets were the highest, we consistently filled up the student section. Now that we're not competing at the highest level the students stay home.
What comes first? The chicken or the egg?
Compete for the Big 12 Championship and go deep in the NCAA and they'll come back out in droves.
What comes first? The chicken or the egg?
Compete for the Big 12 Championship and go deep in the NCAA and they'll come back out in droves.
DenverSooner
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How many seats are in the student section? I would guess about 2,000 to 4,000 (it used to be about 1/4 of the stadium when I was in school but it looks much smaller now). I would think the AD could easily get 2,000 alumni to donate $150 a season if they seriously made an effort to get students at the games.
Students won't come just because tickets are free. In general, people don't respect "free". If you have nothing invested in it, then it's really easy to not go if something better comes along. The first thing OU has to do is find a way to turn the student population attitude into something that believes going to sporting events is a priority. Heck, they don't even show up for football all that great. The student section for FB is not nearly as big as it was 25 years ago. And we're a football school first. However, when we're competing for a title, they will be there for those last few games of the season. Just like everyone else. Everyone loves a winner.
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