WiSioux Posted June 22, 2018 Share Posted June 22, 2018 9 minutes ago, Siouxperfan7 said: Goes straight into the Engelstad money bin!! As it should. I cannot believe there are actually people on here that believe a family should donate a $104 million gift to the university and get nothing in return. Especially for non-school events in a building that the family still owns. If you want all the money made in the building then you take the entire ownership responsibility for the building. Including insurances, taxes, maintenance, etc 1 8 Quote Link to comment Share on other sites More sharing options...
Popular Post jdub27 Posted June 22, 2018 Author Popular Post Share Posted June 22, 2018 4 minutes ago, WiSioux said: Especially for non-school events in a building that the family still owns. If you want all the money made in the building then you take the entire ownership responsibility for the building. Including insurances, taxes, maintenance, etc The family does not own the building, a non-profit does. That nonprofit is setup specifically to benefit UND athletics. 3 3 Quote Link to comment Share on other sites More sharing options...
UND08 Posted June 22, 2018 Share Posted June 22, 2018 7 minutes ago, Benny Baker said: Shell game is exactly right. UND needs to pay for the usage, services, and employees at the Ralph. Ticket revenue is simply the means through which UND pays for that. Take ticket revenue out of the equation, and UND needs to find some other source of money to pay for the usage, services, and employees at the Ralph. I understand you agree the funding for UND football is not tied exclusively to the football teams’ ticket revenue. The athletic department is going to allocate money to the football team regardless of the team’s ticket revenue. Others on here clearly don’t understand how any of this works. They actually portray it as the Ralph taking away money that the athletic department allocates to the football team. Changing the 52/48 breakdown or removing football ticket revenue from the usage agreement would do absolutely nothing to ensure more funding to the football program. I don't think we are far off here...my biggest issue is that by allocating football revenues to an entity that provides no services in return, you are distorting the financial picture of the football team in a negative fashion (not materially to the point of profitability, but it definitely looks worse than it is). If those sport-specific financials aren't being scrutinized by the public or being used in decision-making, then it's no big deal. It just seems unnecessarily confusing and unhelpful to me as a bystander. My biggest concern is that the athletic department has had to tighten it's belt...but has the Ralph? If they haven't, then that doesn't seem to be very fair to the athletic department as a whole...however it seems as though the newest agreement shifted some employees to REA, which should help alleviate that issue somewhat. 2 Quote Link to comment Share on other sites More sharing options...
fightingsioux4life Posted June 22, 2018 Share Posted June 22, 2018 33 minutes ago, Siouxperfan7 said: Goes straight into the Engelstad money bin!! I loved this show as a kid! 1 Quote Link to comment Share on other sites More sharing options...
Popular Post fightingsioux4life Posted June 22, 2018 Popular Post Share Posted June 22, 2018 31 minutes ago, WiSioux said: Without the athletic budget of a Big Ten school that is literally impossible, a pipe dream. You have to prioritize your funding of sports because everyone can't have everything they want. You MUST take care of your money making sport or all of your other sports will have less available money in the future. UND's football coach is never going to have a salary on par with D1 FCS schools, we can't afford to pay a football coach (for a program in the red) millions of dollars, we just can't. This sounds like a clear and concise argument to move back down to Division II. No thanks. 5 Quote Link to comment Share on other sites More sharing options...
fightingsioux4life Posted June 22, 2018 Share Posted June 22, 2018 23 minutes ago, WiSioux said: As it should. I cannot believe there are actually people on here that believe a family should donate a $104 million gift to the university and get nothing in return. Especially for non-school events in a building that the family still owns. If you want all the money made in the building then you take the entire ownership responsibility for the building. Including insurances, taxes, maintenance, etc Ralph donated the arena to benefit UND and UND athletics.....NOT to make money for himself. The problem is, he is dead and his entitled only child is trying to screw UND over any way she can. 1 1 6 Quote Link to comment Share on other sites More sharing options...
Oxbow6 Posted June 22, 2018 Share Posted June 22, 2018 5 minutes ago, fightingsioux4life said: Ralph donated the arena to benefit UND and UND athletics.....NOT to make money for himself. The problem is, he is dead and his entitled only child is trying to screw UND over any way she can. Easy there Chelsea Handler 6 2 Quote Link to comment Share on other sites More sharing options...
Benny Baker Posted June 22, 2018 Share Posted June 22, 2018 35 minutes ago, UND08 said: I don't think we are far off here...my biggest issue is that by allocating football revenues to an entity that provides no services in return, you are distorting the financial picture of the football team in a negative fashion (not materially to the point of profitability, but it definitely looks worse than it is). If those sport-specific financials aren't being scrutinized by the public or being used in decision-making, then it's no big deal. It just seems unnecessarily confusing and unhelpful to me as a bystander. My biggest concern is that the athletic department has had to tighten it's belt...but has the Ralph? If they haven't, then that doesn't seem to be very fair to the athletic department as a whole...however it seems as though the newest agreement shifted some employees to REA, which should help alleviate that issue somewhat. I agree with you there. Those are all fair questions to raise and points to make. Quote Link to comment Share on other sites More sharing options...
UND-FB-FAN Posted June 23, 2018 Share Posted June 23, 2018 2 hours ago, Benny Baker said: Shell game is exactly right. UND needs to pay for the usage, services, and employees at the Ralph. Ticket revenue is simply the means through which UND pays for that. Take ticket revenue out of the equation, and UND needs to find some other source of money to pay for the usage, services, and employees at the Ralph. I understand you agree the funding for UND football is not tied exclusively to the football teams’ ticket revenue. The athletic department is going to allocate money to the football team regardless of the team’s ticket revenue. Others on here clearly don’t understand how any of this works. They actually portray it as the Ralph taking away money that the athletic department allocates to the football team. Changing the 52/48 breakdown or removing football ticket revenue from the usage agreement would do absolutely nothing to ensure more funding to the football program. I partially disagree. Due to operating expenses, there is an average net loss for UND football that the university covers (thus football is not self-sustaining). If the net losses were reduced (increased revenue and/or additional support), then there would be additional funds from the university left that theoretically could still go towards football. That surplus is badly needed for UND football; particularly with coaches salaries and equipment. This doesn't even touch on the most important need: HPC phase 2 Quote Link to comment Share on other sites More sharing options...
nodak651 Posted June 23, 2018 Share Posted June 23, 2018 Anyone agree that the accounting for non sporting events at the Ralph is almost non existent? I dont remember seing numbers clearly stated in the 990 that show revenues and expenses for concerts and other events. Or total concessions revenue. Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted June 23, 2018 Share Posted June 23, 2018 http://www.grandforksherald.com/lifestyle/money-and-finance/4464152-metro-sports-foundation-received-85-million-engelstad-foundation why????? fargo of all places.... is there a chance some und fb money ended up in fargo? 2 Quote Link to comment Share on other sites More sharing options...
geaux_sioux Posted June 23, 2018 Share Posted June 23, 2018 On 6/22/2018 at 11:37 AM, nodak651 said: UND's football budget is multiple times higher than what it's total ticket sales are. Just saying. Football also has alumni that actually donate. 1 Quote Link to comment Share on other sites More sharing options...
geaux_sioux Posted June 23, 2018 Share Posted June 23, 2018 21 hours ago, WiSioux said: Without the athletic budget of a Big Ten school that is literally impossible, a pipe dream. You have to prioritize your funding of sports because everyone can't have everything they want. You MUST take care of your money making sport or all of your other sports will have less available money in the future. UND's football coach is never going to have a salary on par with D1 FCS schools, we can't afford to pay a football coach (for a program in the red) millions of dollars, we just can't. As we are a D1 FCS school isn’t your statement inherently wrong? 4 Quote Link to comment Share on other sites More sharing options...
darell1976 Posted June 23, 2018 Share Posted June 23, 2018 1 hour ago, geaux_sioux said: As we are a D1 FCS school isn’t your statement inherently wrong? I’m sure WiSioux thinks we are DII and doesn’t follow any sports that don’t have a puck. Quote Link to comment Share on other sites More sharing options...
WiSioux Posted June 23, 2018 Share Posted June 23, 2018 2 hours ago, geaux_sioux said: As we are a D1 FCS school isn’t your statement inherently wrong? My apologies... FBS. It has been corrected. Now would you like to address my point of not having the funding to provide all sorts the opportunity to excel at this level? @darell1976 I do prefer hockey. But I attended every single football game and some basketball games when I was a student and lived there. Now I live out of the area but will be moving back next spring... Just because someone doesn't agree with you doesn't mean they don't know anything Quote Link to comment Share on other sites More sharing options...
geaux_sioux Posted June 23, 2018 Share Posted June 23, 2018 49 minutes ago, WiSioux said: My apologies... FBS. It has been corrected. Now would you like to address my point of not having the funding to provide all sorts the opportunity to excel at this level? @darell1976 I do prefer hockey. But I attended every single football game and some basketball games when I was a student and lived there. Now I live out of the area but will be moving back next spring... Just because someone doesn't agree with you doesn't mean they don't know anything Has anyone said they expect our staff to get paid like an FBS one? 1 1 Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted June 23, 2018 Share Posted June 23, 2018 4 hours ago, SIOUXFAN97 said: http://www.grandforksherald.com/lifestyle/money-and-finance/4464152-metro-sports-foundation-received-85-million-engelstad-foundation why????? fargo of all places.... is there a chance some und fb money ended up in fargo? $8.5 million to Scheels Arena to keep it open. How does that benefit NDSU? UND gets real benefits from it as it a arena that can bid on regionals. Quote Link to comment Share on other sites More sharing options...
Cratter Posted June 24, 2018 Share Posted June 24, 2018 Continues to show how generous that family has been. 1 Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted June 24, 2018 Share Posted June 24, 2018 2 hours ago, Cratter said: Continues to show how generous that family has been. It continues to show according to some posters how Fargo and NDSU centric the Engelstad Foundation now is. Without those gifts, the Scheels Arena would never have hosted NDSU basketball for their year when the BSA was being remodeled. NDSU would have been forced to play at the Fargo Civic or Fargo North. The state hockey tournament was played there too, taking away again from Grand Forks. But maybe the Fargo Force is more important to train hockey fans and players than NDSU winter sports are. 1 Quote Link to comment Share on other sites More sharing options...
Hawkster Posted June 24, 2018 Share Posted June 24, 2018 5 hours ago, geaux_sioux said: Has anyone said they expect our staff to get paid like an FBS one? I'd just be happy if we paid like an FCS school. But first a few of them need to coach like an FCS coach. 1 Quote Link to comment Share on other sites More sharing options...
Milford torgerson Posted June 24, 2018 Share Posted June 24, 2018 On 6/22/2018 at 5:16 PM, fightingsioux4life said: Ralph donated the arena to benefit UND and UND athletics.....NOT to make money for himself. The problem is, he is dead and his entitled only child is trying to screw UND over any way she can. I'd not be that harsh. In her defense she is working with the agreement made before she was in charge. I felt years ago when I saw the contractual agreement that this gift was to give UND a state of the art facility to run the hockey program and it was expected to generate a nice stream of revenue which much would be returned to athletics but some would spread the wealth to other good causes. Quote Link to comment Share on other sites More sharing options...
bison73 Posted June 24, 2018 Share Posted June 24, 2018 12 hours ago, SIOUXFAN97 said: http://www.grandforksherald.com/lifestyle/money-and-finance/4464152-metro-sports-foundation-received-85-million-engelstad-foundation why????? fargo of all places.... is there a chance some und fb money ended up in fargo? Please explain how UND FB money would end up in Fargo? Quote Link to comment Share on other sites More sharing options...
nd1sufan Posted June 24, 2018 Share Posted June 24, 2018 6 hours ago, bison73 said: Please explain how UND FB money would end up in Fargo? 52% of all of UND FB ticket revenue ends up with the REA. So in reality, nobody knows where that 52% ends up. UND should collect all of the FB ticket revenue and pay the Alerus rent fro the days they have games there. But it sounds like UND administrators really wanted the $100 million arena "gift" that they were willing to give the REA anything they wanted. They will continue to struggle funding sports other than mens hockey until the ridiculous ticket revenue agreement expires. No venue should be entitled to that much of the ticket revenue even if they are hosting the event. 2 Quote Link to comment Share on other sites More sharing options...
Cratter Posted June 24, 2018 Share Posted June 24, 2018 36 minutes ago, nd1sufan said: They will continue to struggle funding sports other than mens hockey until the ridiculous ticket revenue agreement expires. It expired a year ago. UND signed basically the exact same agreement this last week and said they felt "very good" about the agreement. 1 Quote Link to comment Share on other sites More sharing options...
Oxbow6 Posted June 24, 2018 Share Posted June 24, 2018 36 minutes ago, Cratter said: It expired a year ago. UND signed basically the exact same agreement this last week and said they felt "very good" about the agreement. #REAstillstealing 1 Quote Link to comment Share on other sites More sharing options...
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