Reply to College Football--Big Ten Expansion

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A wild idea:

UCal-Berkeley has access to two endowments which are both worth billions of dollars. Pay off the $450 million of UCal-Berkeley athletic department debt and proceed from there. Yes, I now that most of the endowment funds are restricted, but certainly a bit less than a half billion can be used out of $20 billion or so of UC endowment funds.

Then, if a UC-Berkeley undergraduate education is as good as UC-B supporters claim, then just charge an appropriate amount of tuition to run a balanced budget each year. Oh, but I forgot, this is California where everything is free.

[/quote]

The endowment is for all people of the UC schools; do you think UCSB is going to agree to Berkeley just grabbing a half billion for stadium debt? [/quote]

Yes. There are two endowments. UCal-Berkeley has a separate endowment of about $2.7 billion; the UC system (Board of regents) endowment is at $17.4 billion. UC needs to learn basic math skills.[/quote]

Cal specific endowment is pitiful for being the historically best public in one of the richest states in the country in a hyper wealthy region

Why is it so low?

Because California strongly supported their state schools. Fundraising was not as needed like at UMich.  [/quote]

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