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re: NIL Crash
Posted on 1/21/24 at 12:20 pm to MontyFranklyn
Posted on 1/21/24 at 12:20 pm to MontyFranklyn
quote:
How can boosters afford to pay millions a year and get no return?
People with net worths in the billions don't expect to see a return on the money they spend on hobbies.
4
Posted on 1/21/24 at 12:34 pm to Robot Santa
Exactly right.
Bama is a national brand and Saban wants to take trips around the world. Maybe he can make some friends in Dubai. Pick is up some sponsors from those oil tycoons.
Bama is a national brand and Saban wants to take trips around the world. Maybe he can make some friends in Dubai. Pick is up some sponsors from those oil tycoons.
Posted on 1/21/24 at 12:36 pm to Robot Santa
quote:
People with net worths in the billions don't expect to see a return on the money they spend on hobbies.
By the same token those people didn’t get rich by blowing money either….
Posted on 1/21/24 at 12:54 pm to Robot Santa
quote:
People with net worths in the billions don't expect to see a return on the money they spend on hobbies.
They expect a return by product on the field. Once they get burnt a few times by players they have paid millions transferring or being lazy on the field or just not working out, they will become more stringent with their NIL deals. And I guarantee there will be tax problems for some player in the near future for not claiming income appropriately.
Posted on 1/21/24 at 2:23 pm to Robot Santa
Outside of Texas and Texas A&m, most schools don't have boosters with 9 and 10 figure net worths. Most have boosters with 7 figures and a de 8 figure guys. Most of that net worth isn't even cash, it's real estate and other tangible assets
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