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Posted on 1/23/24 at 12:59 pm to Insurancerebel
quote:
Go to the bank and ask for $12 million dollars, and then tell them you plan on giving it to a college kid, with no intention of ever collecting it back. Let me know how that goes for you
They aren't borrowing from a literal bank, it's more of a robbing Peter to pay Paul situation if I understand correctly.
Posted on 1/23/24 at 1:01 pm to pankReb
quote:
MSU's NIL pays it's players in catfish and Skoal packs.
Clark that's the gift that keeps giving the whole year
Posted on 1/23/24 at 1:04 pm to SidewalkTiger
It’s more like big tobacco settlement money that’s funding it.
Posted on 1/23/24 at 1:56 pm to SidewalkTiger
quote:
They aren't borrowing from a literal bank, it's more of a robbing Peter to pay Paul situation if I understand correctly.
Lmao as someone who works in investment management this made me laugh out loud.
Posted on 1/23/24 at 1:59 pm to CharlesLSU
quote:
Is Ole Miss really financing their NIL play?
Heard this yesterday….
You heard incorrectly. The NIL monies are part of a collective. The collective takes donations from large donors to minimum donors that give $100 month. Nothing is borrowed. Our collective is run by Walker Jones. Walker was with Under Armour for a number of years and is familiar with the sports terrain and money. HOpe that helps.
Posted on 1/23/24 at 2:40 pm to Dwight Schrute Reb
it has been reported that our collective has 8000ish members / at 1k a person that is 8mm....last year rumor was we had 13mm in NIL monies....so only takes a few heavy hitters to turn that 8mm into 13mm plus
Posted on 1/23/24 at 2:40 pm to SidewalkTiger
quote:
They aren't borrowing from a literal bank, it's more of a robbing Peter to pay Paul situation if I understand correctly.
Do tell.... who is Peter and who is Paul in this situation?
Who is the lender, what collateral is being used?
Was it a blood oath?
Posted on 1/23/24 at 2:46 pm to hubreb
quote:
it has been reported that our collective has 8000ish members / at 1k a person that is 8mm....last year rumor was we had 13mm in NIL monies....so only takes a few heavy hitters to turn that 8mm into 13mm plus
There's enough money coming out Clarksdale and Oxford lawfirms to support 50% of the NIL needs. Thank you big tobacco.
Posted on 1/23/24 at 2:49 pm to Dwight Schrute Reb
Thanks for the straight reply 
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