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ASU Eliminated $300M Athletics Dept Debt in Restructuring

Leonard23

Hall of Famer
Gold Member
Feb 3, 2006
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ASU restructured and changed its financial accounting model, so the AD is no longer solely responsible to pay all expenses and debts. Everything now just rolls up to the entire U budget. In doing so, it eliminated $300M in AD faux debt. Rutgers may want to follow.



 
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