The University of Hawaii Athletics program has announced that they will finish the fiscal year with a $3.5 million deficit, over double than their previous estimate of $1.5 million that the gave the Board of Regents in August. Ben Jay, the Athletic Director, stated, "As we've gotten five months into the year and going into the sixth month, our financial condition has worsened, for several reasons. Obviously, the football season has been disappointing. We're currently at 2-8, but the fan ticket-purchasing has fallen off, and not unexpectedly, our revenues have suffered for it." Donations to the athletics program are also expected to be down by $700,000.
One of the big decisions that Ben Jay will have to make will be what to do with head football coach Norm Chow. Many fans are demanding for a new head coach, but Chow has two years remaining on his contract and the athletic department needs to decide if they can afford to buy him out. Jay commented, "In terms of coach Chow and the football program, we're going to sit down at the end of the season to discuss how the year went, and I'm not making any decisions or judgments right now until the season plays itself out."
Source: Honolulu Star Advertiser, 11-11-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
