Friday, October 24, 2008

Is Okie State Broke?

Three weeks ago, I poked a bit of fun at TBP and his university. Now, there are murmurs of real trouble in Stillwater and at BP Capital. Now, the Sporting Blog is linking to an OU Insider story that indicates that "officials were told...the entire $165 million donated, and the earnings, which has once inflated the gift to over $300 million, had recently been eliminated by margin calls due to drastically falling oil prices." The Tulsa World and Daily Oklahoman each have stories recently about how the economic downturn is effecting collegiate sports, but nothing like this is spelled out.

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