Big donors
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NorthKCHawk
Well-Known Member
He's dead. So no.
NorthKCHawk
Well-Known Member
You would be shocked at how much money sits in rural America. I was involved with a family farm dispute a while back was shocked at the income and net worth some that these large Ag guys have. We are talking tens of millions. Also, there is a lot of money the Ag support businesses like tractors, seed, fertilizer, etc. Iowa may not have the big name billionaires getting media attention, but there is a lot of money sprinkled around the water towers of rural Iowa that are writing checks.
Well that's a good reason to not be anymore. One doesn't need to make 2 laps around Kinnick on a game day to see that there's a whole lotta folks that seem to have a whole lotta $ they like to flash around. We may not have many celebrity sorts of well known folks that do but Iowa's got some folks that donate big bucks.
Oh I'm not. Largely due to that there's not a lot of small time farmers anymore. There's mostly nothing but large farms now. Coop elevators are being bought out by individual large farmers in a lot of towns. I know that happened in Cherokee recently. These big farmers have $ coming out of their ears.
kameltoez102
Well-Known Member
Unless you have a bunch of F you money not many Farmers or even just regular everyday people see that donating to an NIL collective or NIL programs are a good investment on their return in my opinion.
You are betting on a bunch of kids to win one championship. As an investor is their a difference between a team winning a top tier bowl game or winning the first round of the playoff from an ROI standpoint? Most regular people will want a more tangible return and buy metals, stocks, or crypto. For many of these people that have little or no emotional attachment to the team they enjoy watching and are not that involved outside the day of the game.
You are betting on a bunch of kids to win one championship. As an investor is their a difference between a team winning a top tier bowl game or winning the first round of the playoff from an ROI standpoint? Most regular people will want a more tangible return and buy metals, stocks, or crypto. For many of these people that have little or no emotional attachment to the team they enjoy watching and are not that involved outside the day of the game.
NorthKCHawk
Well-Known Member
And yet, we have known for decades that rich people have been funneling money to 18 year old kids to convince them to bounce or throw a ball for the college that they went to. Hell, that was the entire premise of the movie Blue Bloods (great movie). Iowa may not have the famous or flashy rich dudes with F U money, but they certainly have a donor base that invests in athletes. If you are asking me whether it is a good use of money or a good investment? I don't have FU money, so I don't know that I can answer that. I can say that it makes me happy when Iowa wins a sporting event, and if I had paid the money to get the WR that caught the winning pass to Iowa, I would be beyond words happy.
HawkPowerlifter
Well-Known Member
I wonder about the "investment" part for some of these donors. Granted those who are big donors likely have the money to burn. But what about that donor who donates and then sees their investment flop or flip their commitment? Over time, I would be curious that donors may be less apprehensive or push to have some sort of binding contract?
I see Washington is testing the waters on this with their quarterback. Georgia had a defensive end last year that flipped to Mizzou that allegedly took money for an agreement he had with them. Both schools are suing. Be curious to see what comes of this.
MelroseHawkins
Well-Known Member
I was thinking about this the other day. I'm surprised after all these years, there isn't 1-2 potential huge alumni doners out there like at other places.
MelroseHawkins
Well-Known Member
Maybe hit up the Maverick guys now!
NorthKCHawk
Well-Known Member
Pretty sure all of these NIL deals are done with written contracts, not handshakes and winks. These kids have agents. These donors have lawyers. Much of this is being done in concert with the schools. I think that these are business transactions these days. And yes, there are consequences if the kid tries to back out of the comittment, but that likely varies depending upon bargaining power. These kids have multiple suitors and can negotiate terms.
MelroseHawkins
Well-Known Member
Can an investor or someone who writes these checks use it as a tax write-off or is that out the window. That might be the only selling point to pitch to a potential "Investor", check cutter.
Fryowa
Administrator
Even the small time farmers are multi-millionaires. They’ll tell you they aren’t, but they are.
I’m in NW Iowa where land prices are pretty high. The average in my area is about $17,000/acre and there has been plenty that’s gone for $22k and up. Usually people trying to connect pieces of land they already own or pissing matches between really rich farmers.
A section is 1 square mile and 640 acres. Most decent size family farm operations own at least that much and there are lots of families here that are over 1,000 acres. They either have people custom farm the excess when they can’t get the whole thing planted or harvested in time or they rent the land out to people for a pre-negotiated price per acre. My boss owns around 1,500 acres and doesn’t farm any of it himself anymore. Also owns 2 cattle feedlots which are fed with silage from the land he owns. It’s basically a company with a bunch of employees who farm and operate it and he makes all the business decisions. TONS of big land owners do similar all over Iowa.
$17,000 x 640 = $10,880,000. That’s for one square mile.
NorthKCHawk
Well-Known Member
Business write off, yes. Charitable? Probably not. A donation to a non-profit, which public universities are, would qualify as a charitable donation. When philanthropists donate the money for buildings or improvements at a college, same deal. Its charitable.
I cannot see how a collective is a charity unless the NIL contract requires that the athletes do promos for food banks and the like. Even that seems dicey. The kid certainly is making an income off the money. But, I guess the donor could claim he is donating to charity by paying the kid to do it?
Straight up paying a kid to do a commercial for your car lot? That is clearly not a charitable write off. Its a business expense, but not charity.
If anyone needs an explanation for a tax write off, here you go:
Is this a write off? Scene from Schitt's Creek
A write-off is "when you buy something for your business and the government pays you back for it."....right?
www.youtube.com
SwirlinLingerie
Well-Known Member
I see Kutcher/Kunis are worth over a quarter billion. That should be enough net worth to at least buy a stud punter and point guard over the next 6 months.
