The golf facility was built with $13 mil current donations and a loan of from the Athletic Dept of $34 mil which is to be repaid with donations in the coming years. We didn't spend NIL dollars to build a driving range.
Hmm, let's walk through this. First off, a 34 million dollar loan is massive. I guess you're more plugged in than me though because I saw explicitly where it came from the University, not that it was guaranteed to be paid back by boosters (I've had previous discussions about this and done previous research, assumption was boosters were involved to a greater extent). So in the least it was a lavish interest free loan. I assumed some boosters wanted it though, or else why do something so dumb?
People sometimes seem confused on how NIL works. There are now two buckets. One is the university, the other is "donations". Also, annual interest in a 34 million dollar loan would be about 1.5 million. They could add a dozen scholarship players for that amount.
Let's just contemplate this though.
Alabama boosters can afford a 47 million dollar golf practice facility.
They can not afford to compete with boosters from other teams though, Alabama is too poor for that.
Can afford a 47 million, for
golf. Which earns no money for the university
Football though, which earns over 100 million a year? Too poor...
TLDR money was wasted on a golf practice facility that could have gone to the football program.
Why do people comment and make assumptions without doing just a little bit of research; and apply common sense. Thanks
I have posted about it multiple times and even broke down the numbers. I know how much the university put up, it's in my post history.
