UNIVERSITY OF GEORGIA

March 20th, 2017 | by College AD
UNIVERSITY OF GEORGIA
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When it comes to the subject of football spending and facilities, Jon Stinchcomb is in a unique position. As a former Georgia player, he knows what the team needs and wants. As a current member of Georgia’s athletic board, he has a vote and a say in how and what money is spent. Over the past month, Stinchbomb has cast a vote agreeing to a project that will cost the school and donors $63 million. He’s also had numerous conversations with friends and donors about what more needs to be done. But the overarching concern is whether there is a master plan, or whether the school simply playing whack-a-mole, moving deliberately from one project to the next. “There’s a lot of frustration with the current administration and the athletic department and their use of capital, that has so enthusiastically been donated,” said Ryan Scates, a corporate attorney in Atlanta who as a student was on UGA’s athletic board during the 2012-13 school year. UGA officials have confirmed that the athletics department has just over $77 million in reserve funds, including about $45 million listed in the most recent treasurer’s book, and $32 million invested in the UGA foundation set aside for “general support” of athletics. -Seth Emerson, AJC, Read More

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