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re: "Saban is still deciding" - Cowherd
Posted on 12/11/13 at 12:35 pm to RealityTiger
Posted on 12/11/13 at 12:35 pm to RealityTiger
quote:
Spinosa used Saban as a backing to get a bond to pay off all the contractors for the entire Perkins Rowe project. Only problem is, he didn't use the money for that. So a lot of the subs ended up writing off the work and lost out on hundreds of thousands of dollars' worth of work. I'm guessing he did the same thing with the apartment complex in Houston
I gotcha, thanks.
0
Posted on 12/11/13 at 12:37 pm to GeorgeReymond
quote:
All of the Alabama fans need to come eat & shop in Perkins Rowe when they come to the game in 2014
In a sleazy roundabout way one of your own grads (Spinosa) is ultimately responsible for Saban leaving Alabama for Texas. It's like a well executed troll that just took nearly 10 years to pay off.
Posted on 12/11/13 at 12:37 pm to LSUdm21
quote:
Spinosa is a sleezebag.
Birds of a Feather
Posted on 12/11/13 at 12:38 pm to Govt Tide
well his son got shot (didnt die) so maybe his karma has been paid up.
Posted on 12/11/13 at 12:39 pm to The_Joker
Please help me to know when to listen to the talking heads and when to ignore them. I'm confused. 
Posted on 12/11/13 at 12:39 pm to The_Joker
quote:
Was told by a great source (hopefully most are) Saban is still deciding at this hour.
In other words he is finalizing his deal with Texas...he gone
Posted on 12/11/13 at 12:40 pm to Ace Midnight
quote:
I remember when he was "still deciding" on Miami and declined the job before he took it. It's amazing how the song hasn't changed much.
Hey if is a Winning Game Plan why change
Posted on 12/11/13 at 12:42 pm to Govt Tide
So true
Posted on 12/11/13 at 12:45 pm to Govt Tide
quote:
Texas>Alabama>Miami Dolphins>LSU>Michigan State
Meh - Hard to argue that Bama is better than the Dolphins in every situation. For Saban it was, because his techniques didn't translate to the NFL. Certainly he has increased his earning potential at every stop - so that part of your trajectory analysis is accurate.
Sadly, he will never be satisfied - that's just not in him. Maybe that's what makes him a great coach, and maybe that's also what makes him a miserable human being.
Posted on 12/11/13 at 12:52 pm to LaBR4
quote:
what exactly went wrong with Perkins Rowe, I know he got sued, Nick and Terry's are the guarantor's..but?
talk to me like i'm 5
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.
Posted on 12/11/13 at 12:54 pm to NorthshoreTiger76
his source is liam's mum
Posted on 12/11/13 at 12:56 pm to The_Joker
He's trolling both Auburn & Texas, Auburn in the BCSNCG and recruits all over are hearing these buzz words, Bama, 10 million, Texas, (is desperate to hire the greatest football coach ever) planes, oil, Longhorn network, 1%, tug of war, etc etc
Saban is making himself to look like King Midas and/or a demi-god to 17 & 18 year old recruits while taking away exposure from Auburns lucky title trip......
BRILLIANT.
Posted on 12/11/13 at 12:56 pm to Govt Tide
Posted on 12/11/13 at 12:59 pm to tritiger
And all this time I thought that angle was bullshite. Pretty incredible.
Posted on 12/11/13 at 1:00 pm to S.E.C. Crazy
quote:
S.E.C. Crazy
You Bammers are something.
Posted on 12/11/13 at 1:01 pm to S.E.C. Crazy
This is day what of the melt?
Posted on 12/11/13 at 1:02 pm to The_Joker
Colon Cowturd
I made that up.
I made that up.
Posted on 12/11/13 at 1:03 pm to The_Joker
quote:
"Saban is still deciding"
no he's not
Posted on 12/11/13 at 1:05 pm to The_Joker
quote:
@ESPN_Colin: Was told by a great source (hopefully most are) Saban is still deciding at this hour. Weighing both sides carefully.
No way UT fires Mack unless the deal was already done. Sorry, Cowherd. I don't believe a University willing to commit basically $30m upfront is going to do so "on a hunch".
Posted on 12/11/13 at 1:06 pm to dboyback
quote:
Was told by a great source (hopefully most are) Saban is still deciding at this hour.
In other words he is finalizing his deal with Texas...he gone
if they bought a house in Austin... pretty sure he's going to UT
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