Brother Bear
Well-known member
"The worst-case scenario from a budget standpoint is if we had a fall where we played football but couldn't have any fans in the stadium," said Martin. "So you have all the expenses associated with football, the travel, the cost to bring teams in here in non-conference games, but still have those expenses but not have any revenue to make up." According to Martin, if the Griz went that route they would be staring at a $6.5-7 million loss in revenue. Not only would that majorly affect the football program but other athletic programs at UM, as well.
https://www.montanasports.com/sports/big-sky-conference/montana-grizzlies/altered-or-canceled-football-season-would-have-ripple-effect-on-montana-griz-athletics
What is at stake for the city of Missoula? According to a study by the Bureau of Business and Economic Research at Montana that was conducted in 2016, Griz football alone is responsible for bringing in an estimated $2.53 million worth of spending from out-of-area attendees per each home game. With inflation rates over the past few years, it's possible that number has gone up slightly, and Montana is scheduled to have six home games in the 2020 season.
https://www.montanasports.com/sports/big-sky-conference/montana-grizzlies/if-montana-griz-football-is-canceled-heres-whats-at-stake-for-missoulas-economy
2016 Study can be found here:
http://www.bber.umt.edu/pubs/econ/UMAthleticImpact2016.pdf
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Sportico's Coffey gets insights from Wall Street on how the near-term trajectory of college athletics is being received in the municipal bond market. Straight to the point from one unnamed trader, "Bonds used for athletic improvements will fall apart if there’s a second wave of COVID-19 and no TV or attendance revenue from college sports." FitchRatings Senior Director Lewis: "There is the incentive on the university side to step in. The university either recognizes or doesn’t recognize the sports program is instrumental to their livelihood." DPC Data executive & longtime trader Nguyen: "The irony is they’re used to being highly rated credits—the larger schools with the larger football programs. This changes the game. My sense is we’ll probably see some downgrades."
https://www.sportico.com/2020/business/finance/debt-laden-college-football-programs-making-muni-market-nervous-1234608360/
https://www.montanasports.com/sports/big-sky-conference/montana-grizzlies/altered-or-canceled-football-season-would-have-ripple-effect-on-montana-griz-athletics
What is at stake for the city of Missoula? According to a study by the Bureau of Business and Economic Research at Montana that was conducted in 2016, Griz football alone is responsible for bringing in an estimated $2.53 million worth of spending from out-of-area attendees per each home game. With inflation rates over the past few years, it's possible that number has gone up slightly, and Montana is scheduled to have six home games in the 2020 season.
https://www.montanasports.com/sports/big-sky-conference/montana-grizzlies/if-montana-griz-football-is-canceled-heres-whats-at-stake-for-missoulas-economy
2016 Study can be found here:
http://www.bber.umt.edu/pubs/econ/UMAthleticImpact2016.pdf
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Sportico's Coffey gets insights from Wall Street on how the near-term trajectory of college athletics is being received in the municipal bond market. Straight to the point from one unnamed trader, "Bonds used for athletic improvements will fall apart if there’s a second wave of COVID-19 and no TV or attendance revenue from college sports." FitchRatings Senior Director Lewis: "There is the incentive on the university side to step in. The university either recognizes or doesn’t recognize the sports program is instrumental to their livelihood." DPC Data executive & longtime trader Nguyen: "The irony is they’re used to being highly rated credits—the larger schools with the larger football programs. This changes the game. My sense is we’ll probably see some downgrades."
https://www.sportico.com/2020/business/finance/debt-laden-college-football-programs-making-muni-market-nervous-1234608360/