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Nick Saban beats IRS in Baton Rouge court battle
Posted on 2/1/19 at 3:21 pm
Posted on 2/1/19 at 3:21 pm
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quote:
Baton Rouge can’t catch a break when it comes to Nick Saban. First, he leaves LSU for the NFL only to leave the Miami Dolphins for the Alabama Crimson Tide. Now, it looks like he notched a win in Louisiana’s capital. Per a Wall Street Journal report, the U.S. Tax Court ruled Thursday that Saban will claim a bad-debt deduction the IRS tried to block. According to the report, Saban loaned developer Joseph Spinosa $2 million in 2006 for the development of a shopping area and office space. The project, financially, didn’t work out and Saban wasn’t repaid. Instead, he agreed to a 15 percent stake in a different real estate project, known as 2590 Associates, in Baton Rouge. Interestingly enough, Saban, according to the judge in the case, didn’t want to own 2590 Associates because of his popularity – or lack thereof – in Baton Rouge.
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Posted on 2/1/19 at 3:31 pm to biggsc
So Saban made a poor financial decision and now is claiming that as a bad-debt deduction. This really had nothing to do with LSU except for it being in Baton Rouge.
Posted on 2/1/19 at 3:35 pm to mckibaj
quote:
This really had nothing to do with LSU except for it being in Baton Rouge.
Tell that to the headline writers of The Advocate and The Wallstreet Journal, who both connected the stories.
quote:
Nick Saban notched another win in Baton Rouge. This time it was in the courtroom instead of on the gridiron.
That opening line was from The Advocate, the state of Louisiana's largest newspaper located in Baton Rogue.
Posted on 2/1/19 at 3:37 pm to mckibaj
Why would anyone make a significant investment in anything Baton Rouge related?
Saban has gotten smarter in the last 5 years or so with the dealerships in Bham and Nashville.
Saban has gotten smarter in the last 5 years or so with the dealerships in Bham and Nashville.
Posted on 2/1/19 at 3:38 pm to biggsc
O needs to recruit better judges and prosecutors!
Posted on 2/1/19 at 3:40 pm to Tuscaloosa
quote:
That opening line was from The Advocate, the state of Louisiana's largest newspaper located in Baton Rogue
The investment took place in BR, and a BR company is trying to claim the deduction. So I would expect for a BR paper to report on it. But Nick Saban was even coaching at LSU at the time of the investment.
Posted on 2/1/19 at 3:41 pm to biggsc
Well... this is stupid.
You looking for a "congrats on the bad financial decisions"
You looking for a "congrats on the bad financial decisions"
Posted on 2/1/19 at 3:43 pm to biggsc
How is this tied to LSU?
I hate the irs, so I am happy he won.
I hate the irs, so I am happy he won.
Posted on 2/1/19 at 3:56 pm to biggsc
quote:that's not all he beats in Baton Rouge.
Nick Saban beats IRS in Baton Rouge court battle
Posted on 2/1/19 at 4:08 pm to biggsc
Just slapping them in their face with his dick again.
Posted on 2/1/19 at 4:15 pm to mckibaj
quote:
This really had nothing to do with LSU except for it being in Baton Rouge.
wow. Did you figure that out all on your own?
This post was edited on 2/1/19 at 4:16 pm
Posted on 2/1/19 at 6:18 pm to JCinBAMA
quote:
Just slapping them in their face with his dick again.
I heard they (IRS) were asking for 44, but would have settled for 16. Probably bs though.
Posted on 2/2/19 at 1:01 pm to Clockwatcher68
Saban dragging his nuts all over Louisiana again.
Posted on 2/2/19 at 1:10 pm to Clockwatcher68
6/10
Posted on 2/2/19 at 3:47 pm to Tuscaloosa
quote:
Tell that to the headline writers of The Advocate and The Wallstreet Journal, who both connected the stories.
Articles running sensationalist headlines for the purpose of clickbait? Now, there's something that you don't see everyday.
Posted on 2/2/19 at 3:51 pm to biggsc
It's impossible as an LSU fan to even choose sides. It's like picking between terminal cancer and full-blown AIDS.
If you put a gun to my head, I'd probably cheer for Nick. I dislike the IRS more than I do Saban.
If you put a gun to my head, I'd probably cheer for Nick. I dislike the IRS more than I do Saban.
Posted on 2/2/19 at 4:10 pm to biggsc
The judge said since Saban already lost his dignity with 44-16, he didn't want to kick him while he was down.
Posted on 2/2/19 at 4:15 pm to Big EZ Tiger
Saban beats Louisiana. Again. Is there anything y’all can beat that man at?
Posted on 2/2/19 at 5:42 pm to biggsc
Baton Rouge wasted money trying to prosecute Saban. 
Posted on 2/2/19 at 6:48 pm to Philippines4LSU
It’s kinda funny how all the inbreds are celebrating this. It must really suck to be a product of incest like most gumps are.
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