Is Tennessee football the SEC’s Greece?

Tennessee football looks to be a third world economy with massive debt, large debt service and small reserves.

Massive debt and a dysfunctional economy could describe Greece or Tennessee football. The Volunteers have over $200 million in debt and reserves of $1.95 million, according to Sports Business Daily. Debt service is $21 million per year. You must read this report explaining the fiscal problems facing the Tennessee Volunteers.

As the Volunteers grapple with debt, attendance has plummeted. According to the same report, Tennessee attendance averaged as high as 107,593 in 2005, but fell to only 89,965.

With this much turmoil, how long until the IMF is forced to intervene? There looks to be a serious balance of payments problem in Tennessee’s football model.

Perhaps the World Bank could create a plan to loan money to the struggling third-world football realm now known as Knoxville.

Part of Tennessee’s trouble comes from firing coaches.

The Volunteers paid Phillip Fulmer a buyout of $6 million when it terminated him in 2008. Derek Dooley was owed a buyout of $5 million when the Vols fired him in 2012. Chris Low provides a breakdown of SEC coaching buyouts since 2007 on the ESPN website.

Sports Business Daily provides even more details on the buyouts. According to the report, a total of “$11.4 million in buyouts to fired coaches in football, basketball and baseball, as well as administrators. Hamilton walked away in 2011 with a $1.335 million buyout.”

Third world is an apt description of Tennessee football. The program has lacked real leadership and vision. With coaches like Lane Kiffin and Derek Dooley in the post-Fulmer era, the Volunteers are a laughingstock. In fact, perhaps it is an insult to Greece to be compared with Tennessee football.

27 Comments

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  1. 6
    Chuch

    Couldn’t happen to a more deserving school. Great to see them inflict on themselves what they tried so hard to inflict on us. They did manage to destroy one school. It is fun to watch them suffer. I ve gotten to introduce my fifth child to the pleasure of singing the rammer jammer in Neyland Just never anyone there to hear it

    • 7
      Indiana Vol

      I have a suggestion where you can stick that rammer jammer, ASSWIPE!

      Bammer Cheats and will be in hot water with the NCAA sooner or later. The S.W.A.T.S. story is going to unravel on the Crimson TURD!

  2. 15
    Ricky B

    I was broke once – couldn’t drive – had to start delivering pizzas on a bicycle… Will their football coach do that – or will it be the players???

  3. 16
    Chuch

    The vile has awakened. I just got a property tax notice on those seats I own in Neyland. Evidently not enough viles want to own any of that mess. Tear down Neyland and build something on the uab scale and sell that crappy stadium with no bathrooms or concessions or room to breathe for scrap to pay that debt

    • 17
      Indiana Vol

      You don’t own sh*t MORON, other than about 2 teeth in that inbred, redneck, goat-humping head!

      Take your tax notice and stick it where the sun dont shine

      • 18
        capstonereport

        You simply have to love a Tennessee Volunteer fan calling someone a redneck and inbred.

        You got electric lights up there on Rocky Top? Still get your corn from a jar?

        • 19
          Indiana Vol

          Everytime the Crimson TURD and its slimy fans come to Knoxville, it takes a month to rid Tennessee of the stench left by you redneck inbreds!

  4. 22
    Hate Smurf Coach

    Typical ITK kick em when they are down post with all the other necks kicking the ribs. Can’t wait till you are bottom feeders again. I will show no mercy as you goobers haven’t.

    Blow tide down your moms hatch.

    • 23
      WhoreEagle

      Watch out everyone! Hate is going to “show no mercy”!

      I admit the last line was very poetic. It shows how he expresses his own feelings about his own mother and how society will look down him if he gives in to that urge.

      It says so little, yet says so much. Beautiful.

    • 25
      Indiana Vol

      Bammer Don,

      Just another tree-killing, teabagging, mullet-wearing, inbred, goat-humping, toothless Bammer MORON!

      BITE ME!

  5. 26
    kudzoo

    You gotta love reading posts from the viles and the booger eaters as they watch The Mighty Tide dominating CFB while they suck like a bilge pump.

    Best part is that there’s no end in sight, Coach Saban is just getting warmed up.

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