Funny, just after writing about the financing hubbub over college sports, I come across this:
Minnesota State University – Moorhead is considering starting a Division I ice hockey program in by the 2013-14 school year, and would spend more than $1 million a year in coaching salaries and benefits to maintain it, The Forum of Fargo-Moorhead reports.
The university is trying to raise 80 percent of the $37 million overall start-up financing goal by January. It reached $15 million in “soft commitments” in July, which is about 40 percent of the goal, the paper writes.
MSUM athletic director Doug Peters told the Forum:
“We haven’t sat down with anyone and had them say ‘This is a dumb idea.’ Everybody feels it’s a right idea and it’s a good idea. It’s just a matter of creating the funding.”