2020 will mark the 6th year since 2006 that aggy athletics had a "financial emergency" and couldn't pay it's bills (2006, 2007, 2008, 2009, 2012). The ags had plenty of opportunity to pay off their previous indebtedness to the academic side and to establish a reserve fund for future "financial emergencies."
Instead, they chose to overbuild their stadium and to waste money on coaching salaries.
According to the ags, they have plenty of money to weather the current financial storm. As of their July 2020 financial filings, the entire Texas A&M System alumni endowment is now over $1B.
If the ags want to rob their academic endowment to spend still more on athletics, let them. Out of their endowment, not out of the UT endowment. Not a penny out of the PUF or AUF other than for its original intended purposes. If the voters would separate The University of Texas and Texas A&M into two separate institutions and segregate the PUF (how could aggys not be in favor of a plan calling for segregation?) we would all be better off. The need for UT to distance itself from A&M as much as possible cannot be over emphasized.
Reality is going to hit the aggys hard when it comes time to balance their books. And I can't think their demand to keep their shrine to "the gallant Texas negro killer" is going to sway many legislative votes their way.
They irresponsibly spent on athletics and now hard times have come. I'm not sure how what is about to befall the aggys will be determined by the rednecks to be "tu's" fault, but you know its coming. They overspent on their stadium and wasted money on coaching contracts. Now they aren't going to be able to pay their bills, and its someone else's fault.---RD
