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OK state, Bankrupt?


billdozer15

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I don't exactly think it's funny. With all the pressure to keep up with the major programs, it was a good move by them (and is obviously working out in drawing some elite players)...too bad it wasn't a cash donation. Wonder if T. Boone's latest push on wind energy will bail them out?!?!

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They didn't have the sense to get the cash out of the fund when oil futures started falling? Wow.

 

When the 150 million TBoone pledged doubled to 300 million, Okie State did want to pull the cash out because they only needed 200 to pay for the renovations. TBoone wouldn't let them. Consequently, TBoone has now lost 80% of his net worth since the economy has fallen off of a cliff. You can't kick a gifthorse in the mouth. When he says stay, you have to stay. Unfortunately, it has put them in quite the quandry. ESPN reported that other Big 12 schools have fallen victim to a similar fate with big boosters falling on hard times. I think the schools they mentioned were KU, Texas, OU, Okie State, and I think there was one more but I can't think of it right now.

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