Hickman-Camp Fund now down about 75% since mid-2017...

[zipp]

I didn't read this reported anywhere. But the ULAA approved the further withdrawal of up to $4 million from the HCF at its Finance & Budget meeting on 12-04-2018. This was done "[in] anticipation of a potential contractual buyout owed to another University and payments owed to the prior [football] staff..."

DOWNLOAD LINK

The previous meeting's minutes in October 2018 (LINK) included a summary of U of L endowments on p. 52. Based on the FY2018 change in the HCF balances, that Fund has gone from $16.9 million on 07-01-2017 to what is apparently around $4 million today.

It's also worth noting the other endowment balances in the October 2018 link. None had any increases except for earnings on the accounts. In mid-2017, the HCF represented about two-thirds of the total endowment balances.

A couple weeks ago, the ULAA had another meeting review that reportedly included financials from the last quarter of calendar 2018 (Oct-Dec). I've asked U of L for a copy of those statements...

 

[KozmasAgain]

I appreciate the info Zipp the finances are the most important part of a successful athletic department.

 

[KerryRhodes]

I appreciate the info Zipp the finances are the most important part of a successful athletic department.

Informative fella aint he

 

[sk73]

I didn't read this reported anywhere. But the ULAA approved the further withdrawal of up to $4 million from the HCF at its Finance & Budget meeting on 12-04-2018. This was done "[in] anticipation of a potential contractual buyout owed to another University and payments owed to the prior [football] staff..."

DOWNLOAD LINK

The previous meeting's minutes in October 2018 (LINK) included a summary of U of L endowments on p. 52. Based on the FY2018 change in the HCF balances, that Fund has gone from $16.9 million on 07-01-2017 to what is apparently around $4 million today.

It's also worth noting the other endowment balances in the October 2018 link. None had any increases except for earnings on the accounts. In mid-2017, the HCF represented about two-thirds of the total endowment balances.

A couple weeks ago, the ULAA had another meeting review that reportedly included financials from the last quarter of calendar 2018 (Oct-Dec). I've asked U of L for a copy of those statements...

What could have happened after the July 1 2017 date to cause this. It must have been something huge to cause annual donors to say no more. Is there any way to blame this on Tyra. What say you Zipp.

 

[zipp]

What could have happened after the July 1 2017 date to cause this. It must have been something huge to cause annual donors to say no more...

 

[GOCARDS6]

Tyra cures cancer.....zipp=but jurich cured cancer better

 

[KerryRhodes]

Tyra cures cancer.....zipp=but jurich cured cancer better

Rather, he'd complained that he should have cured it 20 yrs ago

 

[KozmasAgain]

I spend most of my time in Texas working on projects these days so I am removed from much of the inside talk around the program. I do have several friends who are big donors and close to the program. I asked them about the attendance and they say most of it is because of the way Jurich was treated. They also said they lost some big money donors that they will not get back.

 

[Knucklehank1]

I spend most of my time in Texas working on projects these days so I am removed from much of the inside talk around the program. I do have several friends who are big donors and close to the program. I asked them about the attendance and they say most of it is because of the way Jurich was treated. They also said they lost some big money donors that they will not get back.

Nah

 

[cardinalrod]

Jurich First Fans

 

[KozmasAgain]

Unfortunately it's true especially the big money donors a couple of them are close friends. They said the thing that would help them back is to get rid of Grissom and a couple of other people on the board.

 

[zipp]

Nah

 

[zipp]

Unfortunately it's true especially the big money donors a couple of them are close friends. They said the thing that would help them back is to get rid of Grissom and a couple of other people on the board.

The sad part is the clowns don't recognize that. They could change, but they won't...

 

[KerryRhodes]

Synopsis ;

As the UofL World turns;


A) Ramsey is pilering money
B) ass clown Pitino and the sypher mess.
Woman on the academic side vows to get rid of him.
C) Jurich never disciplines ass-clown
D) Academic side plots to rid the 3 afformentioned, and de-emphasize athletics
E) Jurich is blamed for not funding Academic's foundation by idiot papa john.
F) Ramsey is ousted
G) Ass clown pitino's program is busted with whoors. Again, Jurich does not discipline ass-clown.
H) Banner, wins, gone.
Ass-clown is punished by the ACC but NOT by Jurich.
I) while on probation, Ass clown Pitino accepts a verbal from Bowen ( a player Cards didnt even need) DESPITE knowing that he was offered 200K by DePaul.
J) ASS CLOWN FINALLY...............
CANNED. 2 down, 1 to go.
H) Jurich sacked and rightfully so. His failures to discipline ass clown , including termination, cost UofL a banner, 127 wins and an additional FF.
All because ass clown could properly monitor his own program.

Jurich got what he deserved, initially.
Yes, UofL somewhat capitaluated, however, he failed to discipline ass clown, who failed to monitor.

Just like alot of fans stayed away because of the Coach Crum firing, you have, Jurich/ass clown worshippers who are staying away. Scew em-

 

[LuvCards]

I didn't know the Hickman Camp Fund still existed. I thought everything was grouped into what is now The General Fund.

 

[zipp]

I didn't know the Hickman Camp Fund still existed. I thought everything was grouped into what is now The General Fund.

Nope, look at the links. Plenty of endowments, all flat to declining under the new administration...

 

[zipp]

...Scew em-

No doubt, it's the fans' fault...

 

[CardsFirst]

Unfortunately it's true especially the big money donors a couple of them are close friends. They said the thing that would help them back is to get rid of Grissom and a couple of other people on the board.

I agree with getting rid Ole Man Grissom, but so far he’s been held in check. Their only punishing themselves. Plus their withholding funds from the University not Grissom. UofL will survive. It was a lot of fun Thursday night and even with the loss it was fun today. They’ll be left behind and eventually new big time donors will step up.

 

[CardsFirst]

...Scew em-

No doubt, it's the fans' fault...

That first fan was a fan long before Jurich ever thought about UofL. Jurich did great things but it’s a new era. And the fun has begun.

 

[zipp]

When will "new big time donors step up"? Will it be soon enough?

Anyone who thinks that Jurich & Co. didn't milk that cow for everything they could is fooling himself.

And blaming fans and donors for circumstances is an excuse. A sorry one...

 

[CardsFirst]

When will "new big time donors step up"? Will it be soon enough?

Anyone who thinks that Jurich & Co. didn't milk that cow for everything they could is fooling himself.

And blaming fans and donors for circumstances is an excuse. A sorry one...

You’re probably correct the University probably will shutdown and everything will just go away. And we all know Vince the evil empire is behind it all and TJ the white knight lost the battle because we know everything was perfect under his watch.

So we had all kinds of funds under TJ and he was the King of fund raising and it’s a good thing because what he made went out to clean up the mess. We can blame Vince and the current administration, but they’re not to be blamed. It all goes back to Pitino and since TJ was his boss they got him. Fair or not that’s life. There were issues and that’s a fact and if donors can’t see that well maybe they’re the win at all cost kind of people. I don’t know. Bottom line our image had to be changed and the only way that occurs is by cleaning house. Pretty basic stuff. And for every fan that thinks TJ was wronged there’s one fan that thinks he deserved it. So no one wins. That’s why in this case the best thing to do is put on your big boy pants, stop whining, and move on until something truly happens that requires action. Everything to this point has been a response/action to what occurred.

We all know the real reason TJ was terminated, but someone gave the right people the silver bullet and that someone was Pitino. Had Pitino kept a clean house TJ and Pitino would still be here. That is a fact.

 

[KozmasAgain]

I think the main concern is upkeeping our facilities, expanding and continue to grow and being able to keep top notch coaches. Without large donations we won't be able to do that and unfortunately we haven't seen that but hopefully we will.

 

[CardsFirst]

I think the main concern is upkeeping our facilities, expanding and continue to grow and being able to keep top notch coaches. Without large donations we won't be able to do that and unfortunately we haven't seen that but hopefully we will.

I’m not concerned yet. The fans are just returning to the games. It’s going to take time for the recovery. I understand the dislike for Grissom, hopefully he goes soon. But the news flash is this. Many people would have stayed away and kept their money had TJ stayed, so we were in a no win situation.

To date I can’t point at one decision by the new board (Besides firing TJ) and Vince that I don’t like. The hiring of Mack has rejuvenated the program and made it more fan friendly. The hiring of DR Bendapudi was an excellent hire. Ramsey and TJ weren’t going to be here forever, so we actually did pretty well. And I can’t blame Vince for the donation issues. He’s dealing with a situation that no one asked for, which has left many bitter. That’s on them not Vince.

 

[KozmasAgain]

I guess time will tell.

 

[CardsFirst]

I guess time will tell.

It will. I just can’t turn my back on the University. It’s taken to long to get it here. And those that want us to go backwards love the fact that the funds have slowed. So those donors have played right into their hands. And just who do they think their hurting....Grissom? Heck that makes him happy I’m sure. Or at least he doesn’t care.

 

[KozmasAgain]

Being concerned about donations and a downturn in the amount of money coming is not hoping for the program to go backwards. It is a concern that the program will go backwards. When Zipp or anyone else post a concern about the lack of money coming in it is looked at as an attack against the people running the show currently.

This should be a concern for all true Louisville fans because without large donations we won't be able to maintain the program.

 

[CardsFirst]

Being concerned about donations and a downturn in the amount of money coming is not hoping for the program to go backwards. It is a concern that the program will go backwards. When Zipp or anyone else post a concern about the lack of money coming in it is looked at as an attack against the people running the show currently.

This should be a concern for all true Louisville fans because without large donations we won't be able to maintain the program.

When it’s a constant topic and ones only message it’s past concern. I can be concerned without a constant stream of negativity. That doesn’t do anything but drown out the message. There’s lots of positives going on. And the other point is whose fault is it. It’s not Vince Tyra’s. I blame Pitino, if he had taken care of business we wouldn’t be in this mess. I choose to blame Pitino not Vince and I choose to move forward. And those people that keep complaining never have a solution and where I come from if you don’t have a solution your part of the problem. And getting rid of Vince isn’t a solution, because anyone that comes in here will have the same issues, someone won’t be happy. So to the donors withholding those donations to prove a point, they can watch what “We” built go away. And you know who will be happy? SuCk fans.

 

[zipp]

...And those people that keep complaining never have a solution and where I come from if you don’t have a solution your part of the problem. And getting rid of Vince isn’t a solution, because anyone that comes in here will have the same issues, someone won’t be happy. So to the donors withholding those donations to prove a point, they can watch what “We” built go away. And you know who will be happy? SuCk fans.

Excuse me?

I haven't offered any solutions for the problems your guys have created??

(Well, maybe I haven't on the free boards...)

 

[zipp]

Here are those action items:

• Re-install the banners. And do so ceremoniously, inviting back all of the players and coaches who participated. I'd also consider filing suit against the NCAA, or joining the players' suit.

• Where does U of L get the money to do that? Drop all litigation involving the prior regime, and try to settle lawsuits against U of L.

• Publicly recognize Tom Jurich for his accomplishments. Reach out to him for his involvement and erect a monument in his honor.

• Try to re-hire Mark Jurich in a university fund-raising capacity, eventually planning for his return to athletics fund raising.

• Make every attempt possible at every opportunity to publicly applaud past accomplishments involving the previous regime.

As far as people, some of the above may not be possible immediately and until litigation against U of L (e.g., Pitino) has been settled. Anything involving the Juriches and Doc Ramsey can and should be undertaken immediately.

The clowns aren't interested in any of this, and that's why U of L continues to struggle financially, as they should.

My bottom line... "Vince" and the rest of the clowns aren't responsible for anything in the distant past, before their takeover. But they are responsible for EVERYTHING now. They're in control, and no one else has that control. When any CEO or President is put in a position, all shareholders care about is the return or carryover of profitability. And that's all I care about. It really doesn't matter to me who does it or how. It needs to happen ASAP and to the maximum extent possible.

The clowns we have now don't recognize that, and they're starting to make excuses. Not a good sign for things to come. And that's why I keep reporting news about their performance--no other reason...

 

[KerryRhodes]

Here are those action items:

• Re-install the banners. And do so ceremoniously, inviting back all of the players and coaches who participated. I'd also consider filing suit against the NCAA, or joining the players' suit.

• Where do I get the money to do that? Drop all litigation involving the prior regime, and try to settle lawsuits against U of L.

• Publicly recognize Tom Jurich for his accomplishments. Reach out to him for his involvement and erect a monument in his honor.

• Try to re-hire Mark Jurich in a university fund-raising capacity, eventually planning for his return to athletics fund raising.

• Make every attempt possible at every opportunity to publicly applaud past accomplishments involving the previous regime.

As far as people, some of the above may not be possible immediately and until litigation against U of L (e.g., Pitino) has been settled. Anything involving the Juriches and Doc Ramsey can and should be undertaken immediately.

The clowns aren't interested in any of this, and that's why U of L continues to struggle financially, as they should.

My bottom line... "Vince" and the rest of the clowns aren't responsible for anything in the distant past, before their takeover. But they are responsible for EVERYTHING now. They're in control, and no one else has that control. When any CEO or President is put in a position, all shareholders care about are the return or carryover of profitability. And that's all I care about. It really doesn't matter to me who does it or how. It needs to happen ASAP and to the maximum extent possible.

The clowns we have now don't recognize that, and they're starting to make excuses. Not a good sign for things to come. And that's why I keep reporting news about their performance--no other reason...

Not feasible.
Move on.

 

[cardinalrod]

Not feasible.
Move on.

I don't know why "Jurich First Fans" don't just move on and let the "Louisville First" fans enjoy and support their program.

 

[zipp]

Not feasible.
Move on.

True. The money has for sure...

 

[REDFISTFURY3]

ACC network money next season . cash cow Has any one read what the SEC schools and other conferences with networks have gotten. Money is not going to be an issue going forward folks.

We no longer have an athletic director handling a multi million department with a blank check and no oversight. We have an AD with the experience and business ac cum to efficiently run a multi million dollar entity with proper oversight of all the pennies . This athletic department is in good financial hands going forward

 

[KozmasAgain]

I am a Louisville fan first and if you all think we can run our program for 100’s of million dollars less than what we were running it on then I’m all in.

 

[zipp]

...We no longer have an athletic director handling a multi million department with a blank check and no oversight. We have an AD with the experience and business ac cum to efficiently run a multi million dollar entity with proper oversight of all the pennies...

Your AD is first and foremost a fanboy...

 

[ThroughBlue]

Wasn’t the players suit dismissed?

 

[cyanide_78]

Speaking of the banners. What would happen theoretically if you just hung them back up?

 

[CardsFirst]

Wasn’t the players suit dismissed?

Nope. Judge ordered it into mediation. The fan suit was dismissed.

 

[zipp]

Speaking of the banners. What would happen theoretically if you just hung them back up?

Nothing would happen as long as the design didn't violate the NCAA ruling. And that's if you DO NOT sue to get back the originals.

But the clowns have no desire to do anything close to that...

 

[Jason Puckett]

It sometimes continues to astound me how many people on here know so little about big-time collegiate athletics.

For better or worse, trying to run and advance an elite athletic program on the cheap doesn't really work. Our previous AD knew that. The current one (and his handlers), not so much.

JP