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How Much of Miami’s NIL Fund Is Drug Money?
Posted on 3/30/26 at 8:56 am
Posted on 3/30/26 at 8:56 am
Miami has obviously jumped into the deep end when it comes to NIL. Undoubtedly a handful of big money guys are behind it. I wonder how much if any of the money they are using to pay players originated as drug money? Crockett and Tubbs should have worked a little harder.
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Posted on 3/30/26 at 9:09 am to captdalton
About 1/2 a Holloway's worth ?
Posted on 3/30/26 at 9:12 am to captdalton
Posted on 3/30/26 at 9:17 am to TheRuins
Dear sir, cocaine prices are much too high in Tuscaloosa for it to be the distribution point.
Posted on 3/30/26 at 9:31 am to captdalton
John Ruiz has been their biggest donor as the CEO of LifeWallet/MSP Recovery. His company had a 32.6 billion dollar enterprise value. The market cap is currently half a million dollars and has been delisted from Nasdaq. The share price is 0.0360 as I type this. With all the reverse splits, in 2021 the share price was over 50,000 dollars. So that's a 99.9999% reduction in share price. I don't know how he isn't in jail. But, the other SEC investigated him and nothing came of it.
As everything crashed and burned around him, he kept paying for athletes using his company. So, there's the blueprint for you guys. Just create a 32.6b EV company, spend all the company's money paying athletes, and let the shareholders get railed as it crashes and burns. Then, walk away seemingly without penalty.
As everything crashed and burned around him, he kept paying for athletes using his company. So, there's the blueprint for you guys. Just create a 32.6b EV company, spend all the company's money paying athletes, and let the shareholders get railed as it crashes and burns. Then, walk away seemingly without penalty.
Posted on 3/30/26 at 11:03 am to brambo
I wonder if the powers that be will start taking a harder look at some of these NIL deals, not as they relate to sports but from the financial side. They love busting people for tax evasion and fraud. And with the shear number of NIL deals out there, some are certainly a little shady. Didn’t the Adidas scandal come to light because of a separate investigation into financial fraud that was completely unrelated to college sports?
Posted on 3/30/26 at 11:31 am to brambo
Ruiz was never their biggest NIL donor. That would be the Mas brothers.
Ruiz is a clown and they let him do his thing because it took the attention off of them.
Ruiz is a clown and they let him do his thing because it took the attention off of them.
Posted on 3/30/26 at 11:33 am to TheRuins
quote:.
ame as Alabama's.
Then we’re not selling enough.
Posted on 3/30/26 at 11:35 am to captdalton
Miami's economy has gone through like 3 or 4 incarnations since the Crockett and Tubbs days. Dot com boom economy. Foregeign speculative real estate economy. Finance bro economy.
Posted on 3/30/26 at 11:36 am to captdalton
Bren Ten. Now there’s a name I haven’t heard in a while.
Posted on 3/30/26 at 11:40 am to generalgator87
Dang, the origins of the Mas brother’s fortune is even crazier than drug smuggling. It was the CIA.
quote:
Mas Canosa was the driving force behind the creation of both Radio Marti and TV Marti and was appointed chairman of the advisory panel by President Ronald Reagan.[3][4] In the early 1960s, he was trained by the CIA for the Bay of Pigs Invasion and was commissioned as a second lieutenant in the United States Army. Under his leadership, the Cuban-American National Foundation received criticism for its role in covert operations in Cuba.[citation needed] In 1998, The New York Times published several articles on Mas Canosa's relation and financial support of Luis Posada Carriles,[5] an anti-communist Cuban exile declared as a terrorist by both USA's Federal Bureau of Investigation (FBI) and the Government of Cuba (among other organizations who also declared Posada Carriles a terrorist).[6][7]
Posted on 3/30/26 at 11:44 am to Elite HIp Swivel
quote:
Miami's economy has gone through like 3 or 4 incarnations since the Crockett and Tubbs days. Dot com boom economy. Foregeign speculative real estate economy. Finance bro economy.
But if there had not been the huge influx of cash from drug smuggling in 80’s would that have happened?
Posted on 3/30/26 at 11:57 am to captdalton
quote:
How Much of Miami’s NIL Fund Is Drug Money?
I have argued for years that the success of Florida, Free Shoes U, and MyHammie follows the rise of the Cocaine Cowboys in South Florida in the late 70's and early 80's.
Fair forward, seems all 3 programs should rise or fall, not just 1.
Posted on 3/30/26 at 12:50 pm to captdalton
Going long on Square Grouper Stocks.. It's always snowing in Miami, how bout a sleigh ride.
Posted on 3/30/26 at 12:55 pm to captdalton
Wait- you mean there's some that ISN'T?????
Posted on 3/30/26 at 1:13 pm to captdalton
Keep in mind that nevin Shapiro was a big time booster for them.
Posted on 3/30/26 at 1:30 pm to Cheese Grits
quote:
Fair forward, seems all 3 programs should rise or fall, not just 1.
They certainly did. None of those schools were relevant until the late 70s. Between 1950 and 1975 the three teams combined for zero 10 win seasons, zero conference championships, and zero national championships.
Between 1976 and 2000, they combined for 36 10 win seasons, 25 conference championships, and 7 national championships. Florida won 8 conference championships and 1 national championship. Florida State won 9 conference championships and 2 national championships. And Miami won 8 conference championships and 4 national championships.
Maybe it wasn’t causative, but there sure was a correlation between the rise of the cocaine cowboy and Florida based college football.
Posted on 3/30/26 at 1:36 pm to Elite HIp Swivel
Many argue that modern Miami was built with drug money. Harry Rex should get in here and tell us how much.
quote:
It is impossible to provide an exact number of legitimate Miami businesses started with drug money, as the illicit nature of the funding is designed to be hidden. However, during the height of the "Cocaine Cowboys" era in the 1970s and 1980s, and continuing through modern trade-based schemes, hundreds, if not thousands, of businesses have been linked to laundering drug proceeds.
Key findings regarding drug money in Miami businesses include:
Hundreds Under Scrutiny: In 2015, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to monitor approximately 700 Miami businesses, specifically electronic exporters, to root out cash transactions related to money laundering.
Export and Tech Sector Infiltration: Investigations found that at least 349 businesses were involved in receiving cash from undercover agents posing as launderers, with many exporting goods to South America. Another report noted 201 exporters were involved in a $25 million sting operation.
Common Fronts: Legitimate businesses used for laundering often included electronics exporters, car dealerships, and real estate.
1980s Impact: A 1990 report highlighted that Miami had a $5.1-billion cash surplus, largely tied to drug transactions that flooded the local economy, influencing everything from banking to retail.
Modern Day Laundering: While the 80s were the peak, recent investigations (2016-2025) show laundering continues, with businesses in Doral and Miami Beach recently implicated in complex schemes involving Starbucks or retail parking lot cash pickups.
While some estimates suggest massive percentages of 1980s real estate development were fueled by this capital, there is no single audited statistic for the exact number of startups funded by this money.
Posted on 3/30/26 at 2:01 pm to captdalton
There is a ton of money in Miami...they seemed to have start caring about Football. There are a ton of Multi-Millionares in Miami and Key West..thousands
This post was edited on 3/30/26 at 2:02 pm
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