WEBVTT

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HELLO AND WELCOME TO INSIDE
INDIANA BUSINESS. I'M GERRY
DICK.
FOR MONTHS, SPORTING EVENTS, AT

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ALL LEVELS, HAVE BEEN PUT ON
HOLD, DELAYED OR CANCELED WITH
THE SPREAD OF THE COVID-19
PANDEMIC. THE LATEST SHOE TO

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DROP...THE BIG TEN CONFERENCE
CANCELLING FOOTBALL AND ALL OF
ITS SPORTS FOR THE FALL,
INCLUDING CONFERENCE

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CHAMPIONSHIPS AND TOURNAMENTS.
THE IMPACT WILL BE FAR-REACHING,
FOR COLLEGE ATHLETIC DEPARTMENTS
AND COLLEGE COMMUNITIES WHO

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STAND TO LOSE MILLIONS OF
DOLLARS AS FANS WON'T BE
VISITING ON GAME DAY WEEKENDS.
WITH MORE ON THIS WEEK'S

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ANNOUNCEMENT AND THE POTENTIAL
IMPACT, I'M PLEASED TO WELCOME
THE VICE PRESIDENT AND DIRECTOR
OF INTERCOLLEGIATE ATHLETICS AT

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PURDUE UNIVERSITY MIKE BOBINSKI.
MIKE, THANKS FOR JOINING US.
>> THANKS FOR HAVING ME. HAPPY
TO HAVE THE OPPORTUNITY.

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>> PROCESS HAS BEEN LIKE...THE
FOLKS WHO WORK...IN FOOTBALL AND
ALL...
>> SURE....WORLD -- SEASON BASED

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SCHEDULE -- THAT'S KNOWN EACH
AND EVERY YEAR. WHEN THAT'S
TAKEN AWAY, AS IT HAS BEEN NOW
SINCE THE MIDDLE OF MARCH, IT

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CREATES ANXIETY. SO WE'VE HAD A
GROUP OF VERY ANXIOUS COACHES,
STAFF, STUDENT ATHLETES FOR A
NUMBER OF MONTHS NOW, DURING

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THAT SAME TIME, I'M REALLY PROUD
OF THE WAY THEY HANDLED
THEMSELVES...I'VE PUT
TOGETHER...PROTOCOL TO TRY

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TO...SADLY...FULLY EXECUTE. BUT
IT HAS BEEN CHALLENGING
TIMES...THE MOST...IN COLLEGE
ATHLETICS.

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>>...YOUR VIEW...VENUE
LIABILITY, THE OUTBREAK, OR
EVEN -- AND THE LIABILITY
THAT...A KEY IN THE

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DECISION-MAKING PROCESS?
>> EVERY DECISION THAT YOU...THE
REALITY -- FOOTBALL...SADLY HAVE
HAD...THERE HAVE BEEN...THINGS

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HAPPEN EQUATION RIGHT NOW...JUST
SIMPLY DON'T KNOW ENOUGH...RISK.
AND SO I'M CERTAIN AS THE
PRESIDENT'S CONSIDERED THIS...OF

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MEDICAL EXPERT...EVALUATING THE
RISK PROFILE OF WHAT WE'RE
WALKING INTO WAS CERTAINLY PART
OF IT.

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>> CERTAINLY THE IMPACT OF THE
BIG TEN CANCELING FALL SPORTS
SCHEDULES WILL HAVE A BIG
ECONOMIC IMPACT. ECONOMIC IMPACT

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IN COMMUNITIES, COLLEGE
COMMUNITIES LIKE WEST LAFAYETTE
OR BLOOMINGTON. EARLIER THIS
WEEK WE TALKED WITH JO WADE OF

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WEST LAFAYETTE AND GOT HER TAKE
ON THE IMPACT.
>> JO WADE: JUST A DIRECT DOLLAR
IMPACT, IT'S VERY EASY TO SAY

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THAT A HOME FOOTBALL GAME BRINGS
IN $2-$3M PER HOME GAME.
OVER $20M.
AND DIFFERENT GAMES BRING IN A

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LOT MORE. AND THEN WHEN YOU
START TO PLUG IN THE ROLL-OVER
IMPACT, WAITRESSES MAKING GOOD
TIPS, THEY GO OUT AND DO OTHER

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SPENDING, I MEAN I THINK NOTRE
DAME MAKES LIKE $20M PER GAME
IMPACT ON THEIR COMMUNITY.
>> SO, MIKE, OBVIOUSLY BIG

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IMPACT IN THE COMMUNITY. IN YOUR
ATHLETIC DEPARTMENT, MAJOR
IMPACT AS WELL, YOU'VE GOT A LOT
OF FIXED COSTS YOU HAVE TO DEAL

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WITH. GIVE US PERSPECTIVE, HOW
SIGNIFICANT IS THIS ECONOMIC
FINANCIAL IMPACT GOING TO BE ON
THE SPORTS, THE ATHLETIC

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DEPARTMENT THERE?
>>...AND VERY REAL. FOR
INSTANCE, OUR MAIN SOURCES OF
REVENUE ARE ALL EVENT AND

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ACTIVITY-BASED. OTHER THAN PURE
PHILANTHROPY AND DONATIONS,
EVERYTHING ELSE IS BASED ON
HOLDING EVENTS LIKE FOOTBALL AND

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BASKETBALL GAMES, AND ALL THAT
SPILLS OFF OF THAT, WHETHER IT
BE TICKET SALES, MEDIA RIGHTS
PAYMENTS FROM TELEVISION

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AGREEMENTS, OR
SPONSORSHIPS...AND WHEN YOU
REMOVE THE
ACTIVITY...PERSPECTIVE WALKS

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RIGHT OUT THE DOOR WITH IT. WE
ARE IN VERY MUCH A TRIAGE MODE
TRYING TO TRIM EXPENSES, TRIM
COSTS...OF RESERVE DOLLARS, OR

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UNCOMMITTED FUNDS THAT WE MAY
HAVE SOMEWHERE TO TRY TO GET US
THROUGH TO THE OTHER
SIDE...WHERE

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ACTIVITIES -- LAUNCHED A VERY
AGGRESSIVE...GAME, REALLY
APPEALING TO OUR FAN BASE, TO
HELP US THROUGH WHAT IS THE MOST

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CHALLENGING TIME IN OUR
EXISTENCE. SO THAT WHEN WE...TO
COMPETE WITHOUT...THE
FINANCIAL...THIS WILL HAVE ON

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THE COMMUNITY...
>>...AROUND THE CONFERENCE WILL
NEED...FUNDING OR FINANCE...
>> YES. AND I'VE SHARED THIS

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WITH PRESIDENT...OVER THE LAST
COUPLE MONTHS....THAT WE
CAN...AND COVER ALL -- AT THIS
POINT. AND THAT WILL BE...MAKE

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SOME VERY TOUGH PERSONNEL AND
PROGRAMMATIC...SOME TYPE
OF -- IS YET TO BE DETERMINED.
BUT IT'S ALMOST A CERTAINTY THAT

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THAT WILL BE NECESSARY.
>> ALL RIGHT. I KNOW...MIKE
BOBINSKI, THE
ATHLETIC...APPRECIATE YOU TAKING