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247Sports · Herty Field

Sep 08
Y’all remember
Summary
Intel: They are far worse than broke (definition being having no money or bankrupt).
3GDawg said... (original post) FSU is soooo broke, I don't think they can fire Norvell right now, as bad as they want to. show more They are far worse than broke (definition being having no money or bankrupt). FSU's athletic dept. is approx. 450 million in debt. The annual interest they are paying on that debt alone would most likely yield a top 10 NIL roster. This is why they've been desperate to get out of the ACC, as they've spent like a top SEC/Big 10 program though the money coming in has paled in comparison for many years. FSU is going to have to do something drastic - break off football from the other sports and/or shut other programs down, sell their soul to some private equity group, beg for Saudi money, etc.

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Teams: Georgia

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