Rebirth 79: I opened a bank in the United States

Chapter 699
"I'm afraid it's not easy? After all, the Yale Bowl Stadium has been in disrepair for a long time, and the construction of the functional area was mainly for the sport of rugby. I'm afraid it must be compatible with the sports needs of the citizens."

"How about a little remodeling? For example, adding some fitness equipment, a gym, etc. The funds should not be too difficult for the school, right? At that time, if it doesn't work, the gym can also use the paid membership model to recover this part of the renovation Cost! However, the number of membership cards issued must be controlled, so as not to overwhelm the gym with too many people!"

What is too many cards, it is purely a joke
Stevens didn't care about this, but thought about Carter's suggestion instead.

From an operational point of view, it is indeed a bit difficult to renovate the Yale Bowl on a large scale.This stadium, like the old campus, is an old antique belonging to Yale University.

The Yale Bowl Stadium, which was built in 1913 and completed in 1914, is even older than the old campus that was renovated in 1916!

Want to carry out the overall renovation of such a large building, in a year of financial distress, don't think about it, this road will not work.But if it is said that one or two gyms have been developed in the Yale Bowl.
After all, it is an Ivy League school. Even if you are nervous, a skinny camel is bigger than a horse!For the investment of one or two gyms, Yale still has the money!
"I'm afraid the gym alone is not enough? The surrounding area, badminton, small basketball hall, and the table tennis hall that was relatively popular in the past few years, if they can be built together to create a comprehensive sports center, this should be very good. Better!"

"If we take the land behind the Yale Bowl and build a baseball field, it will be a big investment!"

"Who says it's not! Principal Stevens, is our school so eager to make money now?!"

"How can we not be in a hurry to make money? Especially in the past few years, you should have heard a lot of rumors. Besides, if it weren't for financial constraints, would we be able to send letters out as soon as students graduate?!"

Stevens' straightforwardness amused Carter.

As mentioned earlier, at least 20% of the financial revenue of these Ivy League universities comes from alumni donations.No, it should be said that for most American colleges and universities, alumni donations are an important source of income.

Like Harvard, a big landlord; or a university like Princeton with a strong (rich) board of trustees, may be slightly less dependent on alumni donations.but yale
Didn't that sentence say, Yale, the professor is in charge!
As a result of the decentralization of public power, the Yale Board of Trustees has no sense of existence, and likewise, their assistance does not exist.And Yale does not have the real estate left by the ancestors like Harvard.
Therefore, in the Ivy League, Yale University is the most dependent on alumni donations.And this year's financial constraints have also led to
Often, Yale graduates have just stepped out of the school gate, and then a condolence letter from their alma mater enters the gate of FedEx or the US National Postal System, waiting to be loaded and set off.

It sounds better called condolences, but it sounds worse, this is to ask for money!

After all, it's a century-old prestigious school. If it wasn't for being poor and crazy, why would it be so shameless? !

Right now, the Giant Panda House, which is about ten kilometers away from the Yale Bowl, has plans for expansion and development.Immediately come to find yourself, inquire about the possibility of development around the Yale Bowl, isn't this a sign of being poor and crazy? !

"I understand. Since we can't get the bonus from the Giant Panda House, let's forget it. Let's think of a way, it's so difficult! Yale has owned this land for 70 years, and it turned out."

"Why don't you try renting out the Yale Bowl? The size of the arena is still good, but it's a bit overqualified to use it only as an NCAA league arena."

"Tried it, the New York Giants rented the Yale Bowl as a home before, but then they gave up."

"It's because of influence."

The NFL's New York Giants, even if they don't pay attention to football, have lived around New York for so long in the United States, and it is impossible for Carter to have never heard of it.

Such an NFL-level team is equivalent to an NBA-level team in basketball.They are indeed a big customer, and renting venues in New Haven is cheaper than New York.
"Yeah, the New York team's home game is in New Haven. It doesn't make sense! Moreover, the situation in New Haven was not good a few years ago. People here are running to New York. After renting for a season, they found that, Putting the home court in the Yale Bowl, the advertising revenue will be reduced, which is far more than the money saved from the rent. The gain is not worth the loss, so I moved back.”

"Also, we also have an embarrassing place now. Last year the Ivy League joined the NCAA Division I-AA, which is the second division of the National College Football League. This means that our entire team joined the Ivy League to join the second division. The league is relegated simultaneously, or in other words, in the Ivy League, the NCAA first division league, there will be very few first level leagues organized in the future, and most of the games will become secondary games. This problem directly leads to our Bullfighting The dog team, no matter what, will not be able to play in the four major cups."

"Or, hopeful, but hard, hard! It's a big blow for our lads and, of course, for our school. After all, a Division I like the Ivy League, There are nearly [-] leagues that can’t play in the first-level league. Even if we win the Ivy League championship, the influence and attention will not be as good as in the past. Even if we can’t beat the University of Texas or Michigan is fine too."

"so."

Carter suddenly realized that something was wrong.
The Yale Bowl stadium has been in disrepair for a long time, and the Bulldogs have been relegated to the secondary league along with the Ivy League. They missed the cup game, resulting in a decrease in attention. The reduction in attention means that the publicity effect on the school has decreased and sponsorship has decreased.
With less sponsorship, to raise such a team, scholarships are also given to some potential players or sports talents.
"Aren't you planning to disband the Bulldogs?!"

Carter was shocked!

From a business point of view, the Yale Bowl, no, it should be said that the core, the Bulldogs have become a bit of a bad asset.And by extension, if the influence of the Bulldogs, the stadium's home team, declines, income falls.

As for the Yale Bowl, it sounds like it has history and precipitation, but it sounds like an old bubbling arena. What is the meaning of existence? !

You know, Yale's football team is not the rotten fish and shrimp of the Yale rowing team.Even in the future, the Yale Bulldogs' historical winning percentage can remain above 69%, a proper TOP 10 or even TOP 5 team in the NCAA Football League.

In today's situation, such a powerful team can only barely drive the Yale Bowl Stadium.Although there is no money for large-scale renovations, minor repairs and repairs are not a big problem.

Carter is no stranger to the gym, as ROTC's conditioning and queue training venue is sometimes arranged at the Yale Bowl.

You can tell it's old, but it's not that old.

But the Bulldogs won't be able to play in Division I from this year onwards.
The income brought by the team, after deducting the scholarships that need to be paid to the players, as well as various expenses such as coaches and assistants
The Yale Bowl Stadium must not be able to afford it!
(End of this chapter)