palestra38
Professor
Posts: 32906
Reg: 11-21-04
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04-17-24 12:25 PM - Post#367527
In response to Quakers03
It's risk and reward. The Ivies don't need athletics. More people are applying than ever, notwithstanding the cost, the endowments are huge and in the case of Penn, it may be the most profitable university in the country, holding a sizeable piece of the mRNA vaccine intellectual property (and royalties--over $1 billion a year the last 3 years) as well as Wharton money. What is Penn going to make from basketball, even with more of an investment? The current student body is nothing like it was in the Penn basketball heyday and doesn't care about sports. Unlike a school like Villanova, Penn doesn't need to attract students through successful sports teams. So it just isn't going to make the effort. If we lose our best players, oh well. Let's recruit some more.
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