Stanford gets hit by the depression

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Stanford gets hit by the depression

Post by Geezaldinho on Thu Feb 26, 2009 12:28 pm

They announced the layoff of 21 athletic positions yesterday. No word on whether there will be any in the soccer staff.

The decision to build a $100 million football stadium that only 34,000 fans show up for is starting to not look so good.

I wonder if the AD was one of those positions?
http://www.newser.com/article/d96iuajg5/stanford-athletics-to-cut-positions-in-wake-of-economic-downturn-coaching-staffs-not-affected.html

It's sort of funny that the only financial issue mentioned is the economic downturn, and not that servicing the debt on the stadium due to poor attendance might be a factor.

Geezaldinho
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