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re: Mack Brown to Resign | The Search For His Replacement
Posted on 12/11/13 at 11:03 pm to CrippleCreek
Posted on 12/11/13 at 11:03 pm to CrippleCreek
I imagine they couldn't stop the students from enrolling, but they could go after large damages against Saban, which would be paid by UT's boosters.
3
Posted on 12/11/13 at 11:04 pm to bamafan425
quote:
imagine they couldn't stop the students from enrolling, but they could go after large damages against Saban, which would be paid by UT's boosters.
What if the students agreed to play for him and not the school?
Posted on 12/11/13 at 11:04 pm to BACONisMEATcandy
Just a lawyer here brother and I am glad your had an LLC big and bad enough to do that. But it isnt typical anymore.
Most of them I have Seen are not and under 10 million or so net worth. Banks in South Mississippi and Alabama getting letters of personal guarantee a ton since Katrina.
In a risky real estate venture all the time now. Agree that it is best way to go, but banks are out of control right now. Claim it is all do to new banking regs but that's bullshite. I am sure Goldman Sacs can get 10 billion without signing shite. (LOL)
Most of them I have Seen are not and under 10 million or so net worth. Banks in South Mississippi and Alabama getting letters of personal guarantee a ton since Katrina.
In a risky real estate venture all the time now. Agree that it is best way to go, but banks are out of control right now. Claim it is all do to new banking regs but that's bullshite. I am sure Goldman Sacs can get 10 billion without signing shite. (LOL)
This post was edited on 12/11/13 at 11:08 pm
Posted on 12/11/13 at 11:05 pm to magildachunks
quote:
Guarantee you Saban is not a great business man
The irony...
Posted on 12/11/13 at 11:05 pm to magildachunks
I have no clue.
I'm speculating.
I'm speculating.
Posted on 12/11/13 at 11:05 pm to bamafan425
If it happens, what a weird situation for ashawn Robinson. Longtime texas commit. Spurns texas to play for saban. Saban leaves after one year to go to the school he sole him from.
Posted on 12/11/13 at 11:05 pm to magildachunks
quote:They didn't. He has told them he wasn't leaving.
What if the students agreed to play for him and not the school?
Posted on 12/11/13 at 11:06 pm to bamafan425
quote:
I imagine they couldn't stop the students from enrolling, but they could go after large damages against Saban, which would be paid by UT's boosters.
I mean I guess, but I have a feeling it'd be more an issue of current Bama players not being allowed to try to switch over, and anybody that's signed an LOI already.
Just a guess, but it struck me in the podcast that that sort of agreement to basically stop an 18 year old from attending the college of his choice just seemed absurd.
Posted on 12/11/13 at 11:07 pm to CrippleCreek
I'm just relaying what the podcast said. And guessing. So I don't know. 
Posted on 12/11/13 at 11:08 pm to bamafan425
What podcast? I just rejoined the convo
Posted on 12/11/13 at 11:08 pm to magildachunks
quote:
What if the students agreed to play for him and not the school?
That's just dumb. Saban was out recruiting today FOR UA. He's still their employee and he knows this deal could go south at any moment. Especially with Mack acting like a child lately.
Posted on 12/11/13 at 11:08 pm to HollierThanThou
HornSports.com
Posted on 12/11/13 at 11:09 pm to massiveattack
quote:
There's an apartment complex in Houston (Watermarke Apartments) that's under water. Your pal Nick Saban is 49.5% owner of AND he is PERSONAL guarantor on the note. He currently pays interest only so the note won't default. If the note defaults that's a $25MM judgement against him.
A Texas Based bankruptcy firm (Weston Legal) had a very in-depth article up about it until 3 days ago and - BOOM - it's magically disappeared (although a Google Cached version is here: LINK to the cached article.).
Anyway, if he gets out from under that loan that's an additional seven figures a year that goes back in his pocket from not having to pay the interest AND he gets out from under the impending crush of a $25MM debt.
This is all public record, courtesy of the Texas Secretary of State (search for Beltway 8 Associates LP) and the Harris County (TX) clerk of court and its one of the most poorly kept secrets in the Baton Rouge Real Estate business community.
Now the apartment debt is bad enough, but because of Perkins Rowe, Tommy Spinosa had to file Chapter 11 to protect his creditors from seizing his assets, which leaves Nick Squarely in the crosshairs of that $25MM.
Again, this is all a matter of public record (Bankruptcy filings and mortgages always are public records) should you choose to look it up yourself.
told yall
Posted on 12/11/13 at 11:10 pm to TheDoc
25MM or 40MM?
Posted on 12/11/13 at 11:11 pm to genro
When
Posted on 12/11/13 at 11:11 pm to bamafan425
quote:
40MM
40 was bought. that is what I was told.
Posted on 12/11/13 at 11:12 pm to TheDoc
If that's true, he truly is gone.
Posted on 12/11/13 at 11:13 pm to TheDoc
Where did you paste that from doc? What was the link in there too?
Posted on 12/11/13 at 11:13 pm to GeauxxxTigers23
Tuberville took the Cincy job in the middle of a dinner with recruits he was recruiting for Texas Tech. Just got up and left.
Saban will continue on like everything is normal and tell the high schoolers what they want to hear.
Saban will continue on like everything is normal and tell the high schoolers what they want to hear.
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