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Started By
Message
Dumbest Saban rumor I've seen yet....
Posted on 12/10/13 at 10:00 pm
Posted on 12/10/13 at 10:00 pm
That Jesus Shuttlesworth guy posted:
Gonna pay him $20 mil under the table
quote:
Here's what I got. In talking to various sources plugged into the Alabama and Texas sides, it seems Nick Saban is roughly $20 million in the hole due to investments with LSU and Alabama alums. These investments are predominantly in the commercial real estate space. For his trouble, Nick Saban is not a happy camper with these two alumni bases and has a hole in his retirement plan that Mark Ingram could run through. Additionally, I'm told Texas and the Longhorn Foundation have "passed the hat" to provide a dollar amount up front that nearly makes Nick Saban whole after these defunct investments. Call it the Lamarr Houston/Roy Miller investment strategy. The mechanism used to fund this "bonus" will be off the books in order to make the total compensation package more politically palatable when it's officially announced. Texas does not want to be perceived as the Yankees and again, I don't want to help negotiations with enemy.
Gonna pay him $20 mil under the table
This post was edited on 12/10/13 at 10:01 pm
19
Posted on 12/10/13 at 10:00 pm to Tiger in NY
quote:
Dunbest
wat?
Posted on 12/10/13 at 10:01 pm to Tiger in NY
quote:
Dunbest
yep
Posted on 12/10/13 at 10:01 pm to Tiger in NY
already been discussed - probably close to the correct number
Posted on 12/10/13 at 10:01 pm to The ATL
quote:
already been discussed
where?
Posted on 12/10/13 at 10:02 pm to Tiger in NY
Is Saban really deep in real estate debt? Is that confirmed or just hearsay?
Posted on 12/10/13 at 10:02 pm to Tiger in NY
That's pocket change for them UT boosters brah
Posted on 12/10/13 at 10:02 pm to Tiger in NY
: /
Posted on 12/10/13 at 10:03 pm to snake23
quote:
That's pocket change for them UT boosters brah
Of course it is, but so you really think Saban is $20 mil in debt and no one has ever heard this?
Posted on 12/10/13 at 10:03 pm to Johnny4lsu
It's true
Posted on 12/10/13 at 10:03 pm to Tiger in NY
already been taken care of
i'll find out more tomorrow
i'll find out more tomorrow
Posted on 12/10/13 at 10:03 pm to Tiger in NY
GERMANS
Posted on 12/10/13 at 10:03 pm to Johnny4lsu
It's been an internet rumor for over a year.
Posted on 12/10/13 at 10:04 pm to Tiger in NY
Has as much factual information behind it as all these other threads do: None.
Might as well sticky?
Might as well sticky?
Posted on 12/10/13 at 10:04 pm to Tiger in NY
somewhere around this crazy board but still has some validity. No idea what the actual number is but he lost quite a bit on some BR development, with litigation, plus was in for many "spec" properties gone bust as well.
Posted on 12/10/13 at 10:04 pm to Tiger in NY
I do know that nick has some money tied up in some investments with a Baton Rouge area business man that may have gone south.
Posted on 12/10/13 at 10:04 pm to Johnny4lsu
He has / had a stake in a "popular" (yet poorly structured financially) live/play/eat shopping center in BR.(think the triangle or domain in Austin) Lost some dough in that.
This post was edited on 12/10/13 at 10:06 pm
Posted on 12/10/13 at 10:05 pm to Tiger in NY
Posted on 12/10/13 at 10:05 pm to bamabenny
quote:
Might as well sticky?
I RA'd for it.
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