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re: 2014 Auburn Football Recruiting Thread

Posted on 2/7/13 at 8:13 pm to
Posted by plazadweller
South Georgia
Member since Jul 2011
11460 posts
Posted on 2/7/13 at 8:13 pm to
quote:

Guys for the 1,000th time, we deal in CASH only... No checks or credit card receipts


What about intangible assets? Trusts?
Posted by stevo1905
Member since Nov 2010
2082 posts
Posted on 2/7/13 at 8:26 pm to
I'm worn out on recruiting. I can't imagine having to start this shite all over again today as a coach. No wonder some coaches hate recruiting.
This post was edited on 2/7/13 at 8:27 pm
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 2/8/13 at 7:23 am to
quote:

What about intangible assets? Trusts?


Don't let this get out, but we do have some foreign grantor trusts set up in tax havens for our big fish. Since it is a grantor trust we keep control of it. We keep them offshore so they stay hidden. Then when the player fullfils his end of the deal, we convert the trust to a non-grantor irrevocable trust and the player collects and takes over control of the dollar bills.

Keep it quiet though.
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