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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 10:02 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 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 10:04 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
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 10:05 pm to Tiger in NY
Posted on 12/10/13 at 10:06 pm to Tiger in NY
It isn't inconceivable that boosters would say I'll buy 20 mil worth of shite real estate from you if you're the Texas coach. UT keeps its hands clean with the entire deal.
Posted on 12/10/13 at 10:06 pm to Tiger in NY
Never underestimate the gullibility of a desperate group
Posted on 12/10/13 at 10:10 pm to Tiger in NY
Ehhh...internet rumors
Posted on 12/10/13 at 10:18 pm to Tiger in NY
quote:
Terry L. Saban of Tuscaloosa, Ala., the wife of Alabama football coach Nick Saban, has purchased nearly two acres of vacant land at Perkins Rowe
quote:
Nick Saban and Perkins Rowe developer Tommy Spinosa have done business together in the past, and were also revealed to be co-owners of Central Facilities LLC, which supplies chilled water to the mixed-use development's air-conditioning system. That connection was revealed when KeyBank National Association of Cleveland began the foreclosure process on Spinosa for unpaid loans in 2010.
Posted on 12/10/13 at 10:23 pm to Tiger in NY
quote:
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
Best part!
Posted on 12/10/13 at 10:23 pm to Tiger in NY
quote:
U.S. District Judge James Brady is reviewing multiple motions for summary judgment in Central Facilities Operating Co.'s lawsuit against Texas-based Cinemark involving $434,469.66 in unpaid bills. The company co-owned by Perkins Rowe developer Tommy Spinosa and University of Alabama Coach Nick Saban
quote:
Ohio lender KeyBank National Association has been given the go-ahead to sell the development, appraised at more than $95 million. A foreclosure auction has been rescheduled for May.
Posted on 12/10/13 at 10:33 pm to Tiger in NY
This is neither dumb nor a rumor
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