Very interesting article out of the Advocate on the tenuous saga of the Southern University System Foundation and its management of the Bayou Classic. Tales of misappropriation, unpaid bills and personal vendettas have apparently been playing out against the backdrop of the nation’s signature black college football classic, and may cause significantly bad press for the event in the coming months.
The fight is for authority over the private, nonprofit Southern University System Foundation, which oversees much of the Bayou Classic and the university’s fundraising. It’s a confusing power struggle that pits various factions within the university’s community and soon could play out in court.
Stories about Southern University and money or the lack thereof have become commonplace in the last few weeks. What exactly is happening where SU is having so much trouble collecting funds on time? With a marketing monster like the Bayou Classic, it’s possible that there are so many revenue streams flowing to and through the event, that it is impossible to negotiate who tracks what without egos getting in the way.
Or thieving. After all, it takes a pretty big ego to skim off the top of a multi-million dollar enterprise.
