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re: "Lebron's school" The vast majority of the cost will be paid for by the taxpayers
Posted on 8/6/18 at 7:54 am to RD Dawg
Posted on 8/6/18 at 7:54 am to RD Dawg
quote:
Not when taxpayers are on the hook for $8 million annually...not exactly the definition of "giving back"
, this sounds like the conversation I had Saturday on the PT where a guy said LeBron only gives about 2-3% of his salary annually. Nevermind the fact we're talking about a guy who pledged $40MM for the Akron scholarships, he's not giving a very large percentage of his salary, so they want to diminish him. The I Promise school isn't happening without LeBron and his foundation. That's a fact.
ETA - it also wouldn't happen without the Akron Public School system.
This post was edited on 8/6/18 at 7:55 am
1
Posted on 8/6/18 at 7:56 am to Buckeye06
quote:
mean I didn't hear one time last week that it was a public school. All you heard was Lebron was paying for all these kids.
I could easily have looked, but everyone here acting like was obvious since it was a public school must have done a bit more work than me on it
Yeah all the articles said it was a partnership deal with the public school system.
It wasn't getting any mentions on talk shows or Twitter though.
Posted on 8/6/18 at 7:57 am to Buckeye06
quote:
I could easily have looked, but everyone here acting like was obvious since it was a public school must have done a bit more work than me on it
I read precisely 1 article about it
Posted on 8/6/18 at 7:58 am to Scruffy
Public school people are weird.
Just thought I'd point that out.
Just thought I'd point that out.
Posted on 8/6/18 at 8:01 am to slackster
Because we all knew it was a public school from the jump.
Posted on 8/6/18 at 8:08 am to JBeam
quote:
Because we all knew it was a public school from the jump
Meh, it could have been a charter school or something like that.
Posted on 8/6/18 at 8:09 am to RD Dawg
typical democrat trying to take credit for someone elses hard work
Posted on 8/6/18 at 8:11 am to RD Dawg
So?
Posted on 8/6/18 at 8:11 am to McVick
quote:
His foundation did put up almost $2 million for the startup of the school and expects to contribute $2 million each year, so 20% of the total operating cost. That's still good.
BUT HE DIDN’T DO ENOUGH!!!! HE HAS LOTS OF MONEY!!! HE’LL NEVER BE BETWR THAN MJ!!!! REEEEE!!!!
And this is coming from someone whom is indifferent about Bron Bron
Posted on 8/6/18 at 8:12 am to slackster
quote:
Meh, it could have been a charter school or something like that.
charter schools receive tax payer funding
the only way it wouldn't receive tax payer funding is if it were completely private, and that would have probably opened up all kinds of controversy for Lebron concerning what kids got in and what kids didn't
Posted on 8/6/18 at 8:15 am to slackster
Doing my math if Lebron invested 50 million in various companies like Coke (medium share price good dividend yield), using Coke's current 0.39 per share/qtr, LeBron could generate roughly 11 million a year for his school.
Posted on 8/6/18 at 8:20 am to 50_Tiger
maybe he should go on Shark Tank and present the idea to them.
Posted on 8/6/18 at 8:22 am to 50_Tiger
quote:Your math is incorrect. Their dividend yield is about 3.2% so it would generate less than 2 million.
Doing my math if Lebron invested 50 million in various companies like Coke (medium share price good dividend yield), using Coke's current 0.39 per share/qtr, LeBron could generate roughly 11 million a year for his school.
Posted on 8/6/18 at 8:23 am to burke985
I'm just saying, he's probably the one athlete who could genuinely fund an entire school on his own if he truly wanted to.
Posted on 8/6/18 at 8:23 am to 50_Tiger
quote:
Doing my math if Lebron invested 50 million in various companies like Coke (medium share price good dividend yield), using Coke's current 0.39 per share/qtr, LeBron could generate roughly 11 million a year for his school.
You might want to do that math again.
Posted on 8/6/18 at 8:25 am to buckeye_vol
quote:
Your math is incorrect. Their dividend yield is about 3.2% so it would generate less than 2 million.
Okay help me out here:
There quarterly is 0.39 cents per share, 4 QTR's in a year, so that's 1.56 annually per share correct?
KO stock is 46.42 currently so shares are roughly 1,072,501
Edit: just saw my error haha!
This post was edited on 8/6/18 at 8:27 am
Posted on 8/6/18 at 8:27 am to 50_Tiger
$50M / ~$45 price of KO stock = 1.1M shares
1.1M x $1.56 = $1.7M
1.1M x $1.56 = $1.7M
Posted on 8/6/18 at 8:28 am to RD Dawg
quote:omg a public school uses taxpayer money :omg:
Wow,so you knew 80% of annual costs annually were gonna be paid for by taxpayers???
Posted on 8/6/18 at 8:32 am to chillygentilly
Thanks.
Looking at some other companies with lower stock prices and higher yield could get him closer.
Looking at another Cheasapeake Energy:
1.63 price / 0.25 annual div
50 mil / 1.63 = 30,674,846 shares x 0.25 = 7.67mil
Anyways, besides my ugly math error, he could definitely generate income close enough to do what I'm suggesting.
Looking at some other companies with lower stock prices and higher yield could get him closer.
Looking at another Cheasapeake Energy:
1.63 price / 0.25 annual div
50 mil / 1.63 = 30,674,846 shares x 0.25 = 7.67mil
Anyways, besides my ugly math error, he could definitely generate income close enough to do what I'm suggesting.
Posted on 8/6/18 at 8:33 am to RD Dawg
quote:
Gee,didn't hear much about this from ESPN and just about every other media outlet who covered the story
Of course not, doesn't fit the MSM narrative
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