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Topic: Apologies if this is the wrong board
Replies: 4   Last Post: Aug 13, 2020 10:33 AM by: BengalBilly
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Replies: 4  

Apologies if this is the wrong board

[1]
Posted: Aug 13, 2020 9:46 AM
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Couldn't decide if this was "football" or "politics", so splitting the difference and putting it in Amphitheater.

Heard one of the talking heads seriously proposing a government bailout for colleges and universities due to the (partial) loss of fall sports as a result of COVID. Just curious what people's thoughts are on this. Most universities seem to have their athletics programs set up as separate financial entities from the universities themselves. The athletic departments are basically set up as businesses unto themselves. As such, would they not have insurance (i.e. business interruption) to cover catastrophic losses like this? As much as I love college athletics, I just don't see large bailout as reasonable and necessary.

Thoughts?

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COVID doesn't qualify as a business interruption


Posted: Aug 13, 2020 9:53 AM
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so the insurance companies won't cover the loss of business


Thanks for the info, but I am still against a bailout***


Posted: Aug 13, 2020 10:09 AM
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Re: Apologies if this is the wrong board


Posted: Aug 13, 2020 10:12 AM
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The schools should scrap some sports that don't make money moving forward.

2020 white level member

Do it!

[1]
Posted: Aug 13, 2020 10:33 AM
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What's another trillion...or ten.

https://www.usdebtclock.org/


It can never be paid off anyway. Besides, those pieces of debt paper about to become pretty worthless. Screw the kids and grand kids. Print it! Print a LOT of it!!!

https://www.bloomberg.com/news/newsletters/2020-06-13/u-s-dollar-s-exorbitant-privilege-is-about-to-end-kbdl8zcy



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