The concern that I personally have as it pertains to the financial piece of this whole experiment is that a lot of our fans seem to think that future funding at this currently-high level is inevitable. It is not, IMO. While UNC is a very well-resourced public university with a good donor base and sizable endowments (both the university and the athletics department), it is not a place that has people who are willing to spend limitless amounts of money to prop up the football program like you see at places like LSU, Texas Tech, Alabama, Ole Miss, etc., etc., etc. What I mean by that is that those types of places (i.e., every school in the SEC) would gladly spend their last dollar to try to win a football game, and their donors fully support that mindset. UNC doesn't have those people. LSU, for example, has people who would rather their on-campus libraries quite literally crumble in place as long as they
can spend $30 million to install nap pods in the football team's locker room. The vast majority of UNC people with money and influence would turn Kenan Stadium into a chemistry lab before letting that happen.
To put this into perspective, UNC recently concluded a $5 billion university-wide fundraising campaign, of which $600 million (12% of the overall campaign) was earmarked specifically for Athletics. By contrast, the University of Alabama recently concluded a $1 billion university-wide fundraising campaign, of which $600 million (60%) was specifically earmarked for Athletics. The fact that a purported R1 research university would have a comprehensive campaign where 60% of the goal was specific to Athletics is staggering and extremely revealing as to both institutional and donor priorities.
My thesis is that even though schools like Texas Tech, Texas A&M, LSU, Auburn, etc. will happily continue lighting donor money on fire to cycle through coaches every 2-3 years- and their donors will happily let them do so- those are a very, very stark contrast to the donor culture at UNC. UNC desperately needs for *THIS* very specific $100 million experiment to work out, and work out very quickly, or there is going to be a lot of people who withdraw their financial support of the football program. As it stands, we had to drag several prominent donor families kicking and screaming to the table to secure the resources necessary to hire this staff and provide the current infrastructure. Many of those people are already extremely turned off by how poorly this whole thing is going and how they've been treated. I would not want to be the UNC Development personnel having to go salve those relationships anytime soon.
The other enormously complicating factor financially for UNC is that we are apparently about to go full steam ahead with building a brand new basketball arena. UNC is going to need each and every single donor family with any capacity and any remote affinity for Carolina Athletics to support that project. Guess which one, if forced to choose between a new Carolina Basketball arena or propping up a failing football coaching staff, most of them are going to choose?