Still think the ACC is stable?
Just being a part of the ACC championship game cost FSU half a million bucks:
http://floridastate.rivals.com/content.asp?CID=1472519 …
Quote:
Florida State took the trophy home from the 2012 ACC championship game in December.
It also brought back debt.
According to the school's income statement from the game, obtained by Warchant.com via public records request, Florida State lost more than $478,000 from its participation in the ACC championship in Charlotte, N.C., on Dec. 1.
About $440,000 of FSU's loss stems from dismal ticket sales for its matchup against 6-6 Georgia Tech. The league announced that 64,778 tickets were distributed, but Bank of America Stadium never reached half-capacity during FSU's 21-15 win. It was the first time in the game's three years in Charlotte that it wasn't labeled a sellout.
Associated Press
Florida State's income statement from the 2012 ACC championship game shows it lost $478,954.20 from its appearance.
Each season, the conference gives each division winner 10,000 tickets to sell at four different price points ranging from $40 to $150. According to FSU's ticket reconciliation form, Florida State sold just 2,033 tickets, totaling $185,210 in revenue.
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Staying in the ACC is a financial disaster for the FSU program, university and its fanbase.