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Started By
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re: Spinosa Debt Refinanced = Saban to UT?
Posted on 12/12/13 at 11:20 am to Tiger Ryno
Posted on 12/12/13 at 11:20 am to Tiger Ryno
quote:
they are all idiots for loving football that much.
I agree 100%. This whole fiasco, (largely created by the media and internet) surrounds rumors, allegations, assumptions, and innuendo revolving around people with way too much money and not very much common sense.
1
Posted on 12/12/13 at 11:21 am to RT1941
quote:No, I don't know my Saban history outside of W-L's at LSU and Bama. And you apparently don't recognize ATTEMPTED humor.
DUH - the dinner was with Dubya not Obama. You don't know your Saban history very well do you?
Posted on 12/12/13 at 11:22 am to BamaNixon
quote:
Please elaborate. Did he get knighted?
Here ya go sport
quote:
WASHINGTON, D.C. — The Association of American Universities (AAU) elected University of Texas at Austin President Bill Powers vice chair at its semiannual meeting this week. Scott S. Cowen, president of Tulane University, was elected association chair.
The vice chair is elected for a three-year term, serving as vice chair for one year and then assuming the positions of chair and past chair in the second and third years.
Posted on 12/12/13 at 11:24 am to TheDoc
quote:
It's a down payment
So Saban would be held responsible for the balance if he failed to fulfill 10yrs of service.
He would be basically selling his self and wife and the note holders would have complete and total control over him = total control over the program.
Doesn't make sense considering how much of a control freak Saban is.
Posted on 12/12/13 at 11:25 am to TheDoc
quote:
Lsu fans had to hear about the NFL wanting saban every year he was here in Baton Rouge. It was old. It was "same old same old"
Saban loved BR! Terry did too! Blah blah blah
He then told everyone on Christmas Day that he was leaving. It happened just like this minus the complicated Mack brown situation.
And then he left, didn't he TheDoc? He left, and you were sad and angry and confused. It's understandable - a lot of people see the coach of their favorite team as a hero and would feel somehow "betrayed" if they left for another job. Right? I mean, you trusted him and he left you! Not just LSU, he left YOU.
And it's difficult to forgive. It was CHRISTMAS! The day SANTA COMES! So, you hate him. You seethe for a couple of years, and then HE (HIM!) has the gall to come back to the SEC West at another school. And even worse, he has MORE success there! By God, he is almost spitting directly in your eye, TheDoc! No wonder you're upset! This is SO PERSONAL!
So, every year, you come up with reasons why he's going to leave. EVERY YEAR. But he never does. Why? WHY DOESN'T HE LEAVE THEM LIKE HE LEFT ME? You read articles and pick them apart to find reasons why this year will be the year. You hear conversations and theories and they all add up to one thing - you didn't do anything wrong. It's not your fault. He didn't leave because of you, he left because he's A LEAVER. He's a liar and a leaver and no one can have him because you can't have him.
Am I close? I'm pretty sure I am.
This post was edited on 12/12/13 at 11:27 am
Posted on 12/12/13 at 11:25 am to RT1941
I love LSU football, I would never contribute a dime of my own family money to pay for a coach
Posted on 12/12/13 at 11:26 am to Tiger Ryno
Where is your righteous indignation of Texas and their fans then?
Considering they just bought off 40MM of debt for Saban.
Considering they just bought off 40MM of debt for Saban.
Posted on 12/12/13 at 11:28 am to bamaswallows
quote:
- I don't know many banks around that would want to make a $14 million loan on vacant land to a guy with as much financial trouble as Spinosa is rumored to be having.
do you go out looking for development loans often?
Posted on 12/12/13 at 11:28 am to bamafan425
you are talking about the ELITE boosters of the UT system. their fan base at large are light years more laid back and realistic than Bama's wal marks fan base
Posted on 12/12/13 at 11:29 am to BamaNixon
When the dominoes fall, the tears will be sweet
Posted on 12/12/13 at 11:29 am to RT1941
quote:
Very weird that we didn't hear a peep about this potential bankruptcy 12 months ago when Cleveland was offering him $10mm/yr and part ownership of teh Browns franchise.
Well, considering the Houston complex didnt go under until 2/12 & Perkins Rowe wasnt sold at auction until 4/13, and The Pointe at Lake Burton wasnt sold at auction until 6/13, Sabans partners probably told him theres nothing to worry about. So he passed on the Browns offer.
But since the Browns offer, hes had a lot to worry about
Posted on 12/12/13 at 11:29 am to Tiger Ryno
Posted on 12/12/13 at 11:32 am to RT1941
quote:
I do know that when Mal Moore was courting Saban - all Mal had to do was make a few phone calls to a few BOT members and a few wealthy Bama boosters and those men opened their wallets.
You dont get it
UT has bought up the loans. It aint for sale no more
Nick either works with UT to forgive it, or works for UT to pay it out year after year after year
Posted on 12/12/13 at 11:32 am to TheDoc
quote:
When the dominoes fall, the tears will be sweet
You probably think so, but the fleeting shameful joy in another's tears won't make up for the bitter taste of nine years worth of your own.
Posted on 12/12/13 at 11:35 am to League Champs
quote:
UT has bought up the loans. It aint for sale no more
Link? Source?
quote:
Nick either works with UT to forgive it, or works for UT to pay it out year after year after year
Do you know what a false dichotomy is?
Posted on 12/12/13 at 11:36 am to TheDoc
So now you went from this:
To this:
So doc, which side of the road are you on? Pick a side. C'mon, you can do it.
quote:
I can't tell anyone what nick saban is going to do.
To this:
quote:
When the dominoes fall, the tears will be sweet
So doc, which side of the road are you on? Pick a side. C'mon, you can do it.
Posted on 12/12/13 at 11:37 am to Tiger Ryno
quote:My contributions start and end when I scratch out my annual check to Tide Pride for my season tickets.
I love LSU football, I would never contribute a dime of my own family money to pay for a coach
Posted on 12/12/13 at 11:42 am to BamaNixon
quote:
Link? Source?
Uh, linked in the OP from yesterdays paper
quote:
Spinosa refinances Rouzan debt; Engquist out as lender
Published Dec 11, 2013 at 3:26 pm (Updated Dec 11, 2013)
Developer Tommy Spinosa and his partners in Rouzan have refinanced their debt on the traditional neighborhood development and paid off the 12-month loan
Engquist declines to discuss the specifics of the deal, but sources familiar with the situation say the balance of the note was around $14 million.
Spinosa, through a spokesman, declines to comment. —
Posted on 12/12/13 at 11:42 am to Bubba Bexley
Saban's finances are no one's business but his. This is great conspiracy theory but it makes no sense and is ZERO benefit to LSU. Saban at Texas would continue to recruit Louisiana. Alabama would find a Les Miles equivalent coach to take his place who would still have to recruit in Louisiana. Be careful what you wish for.
Posted on 12/12/13 at 11:45 am to partsman103
The dominoes son.
Mack being the first that puts all this into motion
Mack being the first that puts all this into motion
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