The B10's Weaponization of clean cash is shifting power dynamics from south to north

[MAIZEandBLUE09]

I think the Ellison situation has big potential to blow up in Michigan's face. Like you said a lot of strings;

When it comes to Portnoy I wouldn't want him meddling around either.

It is the world we live in now. I think we'll see some power schools come out in support of some sort of cap because at some point soon, schools aren't going to be able to compete in the market.

 

[osubuckeye89]

One day you will understand what I'm telling you today.

He's not broke he's cash poor! All his money is tied up in real estate.

 

[osubuckeye89]

It is the world we live in now. I think we'll see some power schools come out in support of some sort of cap because at some point soon, schools aren't going to be able to compete in the market.

There's no way they ever put a cap out there. Actually enforcing that would be a logistical nightmare.

 

[osubuckeye89]

Things will stay how they are or only get worse, there is no going back now on any of the NIL or transfer portal stuff,

 

[MAIZEandBLUE09]

One day you will understand what I'm telling you today.

I understand it, I don't think you fully understand how much $200 billion dollars is. If he's just making 3% interest on half of his net worth. in 1 year that's $3,000,000,000 in interest alone. $2.5 million dollars is literal chump change. If he has just half of his income invested, that's $8,219,178 per DAY in interest. And that's assuming a pretty low interest rate.

 

[fordman84]

I understand it, I don't think you fully understand how much $200 billion dollars is. If he's just making 3% interest on half of his net worth. in 1 year that's $3,000,000,000 in interest alone. $2.5 million dollars is literal chump change. If he has just half of his income invested, that's $8,219,178 per DAY in interest. And that's assuming a pretty low interest rate.

Like I said, one day you will understand.

 

[osubuckeye89]

I understand it, I don't think you fully understand how much $200 billion dollars is. If he's just making 3% interest on half of his net worth. in 1 year that's $3,000,000,000 in interest alone. $2.5 million dollars is literal chump change. If he has just half of his income invested, that's $8,219,178 per DAY in interest. And that's assuming a pretty low interest rate.

I think you miss the mark on how the majority of these mega rich people think. They don't just throw money at stuff just because they can, the vast majority of them are tight asses unless things are beneficial or ego boosting for them.

 

[cwerph]

Well, then you need to learn. If the funds are liquid then they are missing out on gains. If they aren't liquid then there is going to be pretty big tax implications in liquidating them.

I would consider college football to be an "Investment of passion".
Phil Knight's 2024 net worth is estimated to be 35.1 Billion with a B.

Even if Oregon football is only one of his passions, that is a large amount of cash.
Not only that, but it's not always cash - - - one guy went there for a shoe deal.

As for tax implications, you don't get to a $35.1B net worth without an army of tax lawyers and accountants to make sure the impact is minimal.

The people avoiding taxes among the ultra rich are way smarter than the people who write the tax code.

 

[MAIZEandBLUE09]

Like I said, one day you will understand.

Like I said, I get it I just think the scale you're operating at doesn't apply to someone with that kind of wealth.

 

[fordman84]

I would consider college football to be an "Investment of passion".
Phil Knight's 2024 net worth is estimated to be 35.1 Billion with a B.

Even if Oregon football is only one of his passions, that is a large amount of cash.
Not only that, but it's not always cash - - - one guy went there for a shoe deal.

As for tax implications, you don't get to a $35.1B net worth without an army of tax lawyers and accountants to make sure the impact is minimal.

The people avoiding taxes among the ultra rich are way smarter than the people who write the tax code.
View attachment 130988

Point to where in that chart someone is going to liquidate 7-figures to pay a kid to play football.

 

[osubuckeye89]

I would consider college football to be an "Investment of passion".
Phil Knight's 2024 net worth is estimated to be 35.1 Billion with a B.

Even if Oregon football is only one of his passions, that is a large amount of cash.
Not only that, but it's not always cash - - - one guy went there for a shoe deal.

As for tax implications, you don't get to a $35.1B net worth without an army of tax lawyers and accountants to make sure the impact is minimal.

The people avoiding taxes among the ultra rich are way smarter than the people who write the tax code.
View attachment 130988

Phil Knight is basically a one of a kind though when it comes to his relationship with Oregon.

Just because some other billionaires have affiliations with a university definitely does not mean they are going to just start writing checks to the football program whenever they come calling.

 

[MAIZEandBLUE09]

I think you miss the mark on how the majority of these mega rich people think. They don't just throw money at stuff just because they can, the vast majority of them are tight asses unless things are beneficial or ego boosting for them.

Or.....an 80 year old married to a 30 year old.....paying to keep that 30 year old.

 

[osubuckeye89]

Or.....an 80 year old married to a 30 year old.....paying to keep that 30 year old.

The 30 year old is gonna lose out if that investment doesn't bring some kind of success.

 

[fordman84]

Like I said, I get it I just think the scale you're operating at doesn't apply to someone with that kind of wealth.

My net worth is in the 8 figures. At any given time I'm lucky to have $20 on me. I keep a liquid savings for emergencies/expenses/etc but the rest of it is all tied up where it can grow. My second most liquid asset is precious metals, but those aren't easy to liquidate and sure as shit not to donate to A&M. And no one wants A&M to win a natty more than me.

But I didn't get that wealth by being stupid, spending on boondoggle BS, or having a lot of liquidity laying around to spend on said stupid BS.

 

[MAIZEandBLUE09]

The 30 year old is gonna lose out if that investment doesn't bring some kind of success.

Given only she has connections to UM and he doesn't, I don't think it matters to him what happens to that money. He's an indiana grad. She's a UM grad. She's the only reason we bought Underwood.

 

[cwerph]

Point to where in that chart someone is going to liquidate 7-figures to pay a kid to play football.

What is 3% of $35.1 billion?

 

[fordman84]

Given only she has connections to UM and he doesn't, I don't think it matters to him what happens to that money. He's an indiana grad. She's a UM grad. She's the only reason we bought Underwood.

So someone that you think has enough money to throw around, bought A PLAYER. To win a natty you need an entire staff plus an entire team plus the depth to get through the season and into the expanded playoffs now.

How many wasteful ultra-billionaires would it take to field a championship team at that rate?

 

[fordman84]

What is 3% of $35.1 billion?

Tell me which part of that chart he is going to liquidate to get that 3% of $35.1b

 

[cwerph]

My net worth is in the 8 figures. At any given time I'm lucky to have $20 on me. I keep a liquid savings for emergencies/expenses/etc but the rest of it is all tied up where it can grow. My second most liquid asset is precious metals, but those aren't easy to liquidate and sure as shit not to donate to A&M. And no one wants A&M to win a natty more than me.

But I didn't get that wealth by being stupid, spending on boondoggle BS, or having a lot of liquidity laying around to spend on said stupid BS.

Congrats on your success, but comparing your wealth to someone like Knight is crazy talk.

 

[MAIZEandBLUE09]

My net worth is in the 8 figures. At any given time I'm lucky to have $20 on me. I keep a liquid savings for emergencies/expenses/etc but the rest of it is all tied up where it can grow. My second most liquid asset is precious metals, but those aren't easy to liquidate and sure as shit not to donate to A&M. And no one wants A&M to win a natty more than me.

But I didn't get that wealth by being stupid, spending on boondoggle BS, or having a lot of liquidity laying around to spend on said stupid BS.

Of course. But I still don't think you understand the scale of this. $20 to someone with a net worth of $10 million is equivalent to $400,000 to someone with $200 billion dollars. So Larry Ellison views $400,000 the same way you view a $20 bill.