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re: Kevin Sumlin
Posted on 4/26/16 at 3:06 pm to Old Sarge
Posted on 4/26/16 at 3:06 pm to Old Sarge
quote:
Choosing to get a higher rate of return for the cash than we are paying for the bonds is smart money
These internet UT fans truly don't grasp finance. It's as if they don't have degrees from UT at all... hmmm....
0
Posted on 4/26/16 at 3:08 pm to EKG
Texas A&M University is beyond financially stable; don't attempt to manufacture stories, when you could simply stick with the ol' reliable farmers who frick livestock meme.
The only reason aTm is financially stable is because UTa manages all of the aggies money and endowment
that's embarrassing
The only reason aTm is financially stable is because UTa manages all of the aggies money and endowment
that's embarrassing
This post was edited on 4/26/16 at 3:09 pm
Posted on 4/26/16 at 3:14 pm to EKG
"This is stupid even for a sip
Over 250 million is already covered by cash that has been received and the other 300 million in pledges will all be received in the next 12-18 months
Choosing to get a higher rate of return for the cash than we are paying for the bonds is smart money"
"Have you?
Texas A&M University is beyond financially stable; don't attempt to manufacture stories, when you could simply stick with the ol' reliable farmers who frick livestock meme."
Let's put these together for all to enjoy.
Over 250 million is already covered by cash that has been received and the other 300 million in pledges will all be received in the next 12-18 months
Choosing to get a higher rate of return for the cash than we are paying for the bonds is smart money"
"Have you?
Texas A&M University is beyond financially stable; don't attempt to manufacture stories, when you could simply stick with the ol' reliable farmers who frick livestock meme."
Let's put these together for all to enjoy.
Posted on 4/26/16 at 3:15 pm to lestertheghost
Yep.
That's the only reason.
Not sure why you want to verbally spar about this, but I'm not interested in doing so.
That's the only reason.
Not sure why you want to verbally spar about this, but I'm not interested in doing so.
Posted on 4/26/16 at 3:16 pm to lestertheghost
Good God you are stupid!
Posted on 4/26/16 at 3:18 pm to lestertheghost
quote:
The only reason aTm is financially stable is because UTa manages all of the aggies money and endowment
I destroyed you when you tired to make this same claim a week ago, do I have to go search for that thread and repost my posts from it over here? You are like a broken record. I guess you are employing the Joseph Goebbels strategy, "If you tell a lie big enough and keep repeating it, people will eventually come to believe it".
Posted on 4/26/16 at 3:29 pm to Cooter Davenport
quote:
The only reason aTm is financially stable is because UTa manages all of the aggies money and endowment
I destroyed you when you tired to make this same claim a week ago, do I have to go search for that thread and repost my posts from it over here? You are like a broken record. I guess you are employing the Joseph Goebbels strategy, "If you tell a lie big enough and keep repeating it, people will eventually come to believe it".
provide the link to me posting that.. here we go again, reality revisited
The only reason aTm is financially stable is because UTa manages all of the aggies money and endowment
I destroyed you when you tired to make this same claim a week ago, do I have to go search for that thread and repost my posts from it over here? You are like a broken record. I guess you are employing the Joseph Goebbels strategy, "If you tell a lie big enough and keep repeating it, people will eventually come to believe it".
provide the link to me posting that.. here we go again, reality revisited
Posted on 4/26/16 at 3:37 pm to OldSchoolHorn
quote:
provide the link to me posting that.. here we go again, reality revisited
I wasn't even talking to you, stupid. I was replying to lestertheghost, who I quoted in my post. Are you too dumb to figure out how this website works?
Anyway, here was my post to lestertheghost in the thread from last week.
LINK
Where I stated that:
UTIMCO, which is a non-profit investment management corporation, doesn't "manage A&M's endowment". It manages A&M's share of the PUF in addition to managing UT's endowment. But aside from that fact, UTIMCO is managed by a board of directors consisting of 9 members. 3 of the members are appointed by UT, 2 of the members are appointed by A&M. So it's incorrect to state that UT manages even the PUF. As A&M has permanent board members reflecting its division of the PUF funds, the PUF is mutually managed by UT & A&M. A&M's non-PUF endowment is not managed by UTIMCO. The rest of UT's endowment aside from the PUF is managed by UTIMCO.
This post was edited on 4/26/16 at 3:39 pm
Posted on 4/26/16 at 3:41 pm to Cooter Davenport
quote:
I guess you are employing the Joseph Goebbels strategy, "If you tell a lie big enough and keep repeating it, people will eventually come to believe it".
they're just taking bits and pieces from kinda-sorta-but-not-really correct randolph duke missives and posting them here with out actually knowing what they're talking about.
you can't discuss the financial stability of TAMU athletics without first discussing the 12th man foundation's role in funding the AD. i've yet to see one of them bring it up.
they're a fanbase that is especially susceptible to group-think. i believe that the dozens of horn posters that lurked at this site, took the time to register, and now interact on an hourly basis to tell everyone else how obsessed aggy is with them, prove as much.
Posted on 4/26/16 at 3:47 pm to G2160
quote:
hey're a fanbase that is especially susceptible to group-think. i believe that the dozens of horn posters that lurked at this site, took the time to register, and now interact on an hourly basis to tell everyone else how obsessed aggy is with them, prove as much.
they are just frustrated at having to look up to Daddy A&M their whole lives
Posted on 4/26/16 at 3:50 pm to Cooter Davenport
If you apply poor whorn logic, we manage their money 
Posted on 4/26/16 at 3:56 pm to Old Sarge
I wasn't going to go there, because it's not really accurate according to not-crazy logic, but yeah, if you apply their same terrible logic to the fact that UTIMCO board membership is split between us, we manage their money. The truth is that it's professionally managed by a group of highly successful people representing both universities who are not interested in the football rivalry at all when it comes to running UTIMCO... but you'll never get people who are fans of Ketchum to understand that.
Posted on 4/26/16 at 4:23 pm to Old Sarge
Can you link anything that reflects your claim that within the next 18 months that the 12th man foundation will have $350 million in cash invested, that will pay off the 30-year bond plus (plus) skim extra interest from the cash investment that pays off said bond?
How do you reconcile that with the 30-year hotel tax expected to raise 36 million dollars, and the $75 million worth of raised student fees over 30 years, which aggy student govt symbolically rejected?
[quote]How much will the project cost and how will it be funded? The total cost of Kyle Field Redevelopment is $450 million. 51 percent will be funded by annual seat licenses, 27 percent will be funded by Kyle Field Campaign gifts, 17 percent will be funded by Texas A&M students and 5 percent will be funded by the local government agencies, according to the kylefield.com official website
How do you reconcile that with the 30-year hotel tax expected to raise 36 million dollars, and the $75 million worth of raised student fees over 30 years, which aggy student govt symbolically rejected?
[quote]How much will the project cost and how will it be funded? The total cost of Kyle Field Redevelopment is $450 million. 51 percent will be funded by annual seat licenses, 27 percent will be funded by Kyle Field Campaign gifts, 17 percent will be funded by Texas A&M students and 5 percent will be funded by the local government agencies, according to the kylefield.com official website
This post was edited on 4/26/16 at 4:27 pm
Posted on 4/26/16 at 4:25 pm to G2160
quote:
they're a fanbase that is especially susceptible to group-think
and we're not? (texags)
Posted on 4/26/16 at 4:29 pm to Cooter Davenport
quote:
I wasn't even talking to you, stupid. I was replying to lestertheghost, who I quoted in my post. Are you too dumb to figure out how this website works? Anyway, here was my post to lestertheghost in the thread from last week. LINK Where I stated that: UTIMCO, which is a non-profit investment management corporation, doesn't "manage A&M's endowment". It manages A&M's share of the PUF in addition to managing UT's endowment. But aside from that fact, UTIMCO is managed by a board of directors consisting of 9 members. 3 of the members are appointed by UT, 2 of the members are appointed by A&M. So it's incorrect to state that UT manages even the PUF. As A&M has permanent board members reflecting its division of the PUF funds, the PUF is mutually managed by UT & A&M. A&M's non-PUF endowment is not managed by UTIMCO. The rest of UT's endowment aside from the PUF is managed by UTIMCO.
Longtime lurker, recent poster.. ironically had 29 post a few days ago. Thx for the tutorial tho.
Ur intended target was talking "PUF endowment funds" when he said "endowment".. this was your hint: "Texans wont even allow aggies to manage their money"
Nice spin btw re: the "UTIMCO" or University of Texas Investment Mgmt Co. if you will.
The board has been & always will be dominated by UT leadership.. hence "University of Texas Investment Mgmt Co." & take a wild guess on the breakdown of UT vs TAMU employees in their building?
In your favor, it's not as much that "Texans" don't trust Aggies to manage the funds endowed to them.. it goes back to how the University of Texas System was developed years ago.
A&M gets 1/3 of the endowment, a min of 2 board members & that's where it ends.
Posted on 4/26/16 at 4:55 pm to Cooter Davenport
quote:
I wasn't going to go there, because it's not really accurate according to not-crazy logic, but yeah, if you apply their same terrible logic to the fact that UTIMCO board membership is split between us, we manage their money. The truth is that it's professionally managed by a group of highly successful people representing both universities who are not interested in the football rivalry at all when it comes to running UTIMCO... but you'll never get people who are fans of Ketchum to understand that.
You spin with the best of them.. here's the real breakdown:
The Board is composed of three member of the UT System Board of Regents, one person selected from a Texas A&M University System Board of Regents list, the chancellor of the UT System, and four investment professionals selected by the UT System Board of Regents. In addition, UTIMCO has a Chief Executive Officer and Chief Investment Officer appointed by the Board and a President appointed by the CEO and Board.
Take a wild guess who the chair & vice are affiliated with? Take a wild guess who the CEO of the PUF is affiliated with?
A&M gets 1 or 2 board members depending on the year & they come closer to bringing in the donuts & coffee than top leadership roles on the board.
For this they get 1/3 of the endowment. Why? Sounds to good to be true?
That's the million dollar question.. or $19B in this case. Let's see if our Blinn JC/A&M hot shots here can accurately fill in the blanks.
Posted on 4/26/16 at 6:19 pm to texashorn
Oh, there has been just too much smack up in here. I am going to bookmark this thread and revisit this issue after the 2016 SEC distribution figures are released.
Posted on 4/26/16 at 6:22 pm to OldSchoolHorn
Thanks for taking care of that for us. Y'all are good public servants and good servants to Texas A&M University.
Posted on 4/26/16 at 6:22 pm to KaiserSoze99
Will y'all stop claiming that Texas supposedly isn't a rival now?
Posted on 4/26/16 at 6:25 pm to Korin
quote:
Will y'all stop claiming that Texas supposedly isn't a rival now?
You'll have to ask those frickers.
All we have heard is that we are not. Fine with me. But anybody who has ever had to deal with those frickers hates them. Ask anyone from Arky, Mizzou, Nebraska, Colorado...hell, ask Texas Tech. Are they all rivals with the fricking longhorns too?
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