logic wrote:
Rogers - Endowment is somewhere around 600 million and will hit 1 billion by 2014, and I agree we are much more mobile. The question is whether we would be first in line and right now the answer would be no, or so it seems.
Well, this old fan hates to break the news to you, but last year, Wiki was listing LU's endowment at the 6M mark, and the numbers you are using came from Jerry's quote that flamefan30 is referencing.
flamesfan30 wrote:jerry's thrown that number out at convo a couple times. ive heard him say it myself
and there's this:
http://www2.newsadvance.com/news/2010/d ... ar-702763/
Just a clarification- Liberty's endowment is not 530M approaching 1B. That was Jerry's estimation of net assets. Net assets are not the same as an endowment any more than our personal net assets are the same as our savings account. If LU had a tremendously large endowment, you better believe that it would be posted front and center on databases such as Wikipedia. Yes, LU has a lot of assets, but they are for the most part unmarketable and therefore they are not liquid.
If my net assets were the same as cash, I'd be sitting pretty right now!
All the same, App, JMU, et al (especially the fans) are all talking FBS, but no matter how you cut it, it is all about money and LU can spend at will and make big moves without asking anyone for permission. If leadership wanted to go FBS indy and the NCAA would allow it, we could do it immediately. Facilities could be expanded in less than 18 months, and to attain the capacity that Appy or JMU has, the work could be finished in between seasons. Remember, Jerry decided to build a new baseball stadium, and voila, it is going to get done. That is why I think that we are better positioned for such a move than any state school is today.