Kentucky athletics now an LLC

#2
#2
The Original Fade said:
So it’s official. How many schools to follow? Whats the short term and long term impact? Thoughts?
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Although the bulk of focus seems to be on the athletes, I'm curious whether the coaches and supporting staff will be now fall under the LLC, or whether they will continue to be university employees.
 
#3
#3
Here's an afternoon musing:

Although Congress pretty much limited the use of Master Limited Partnerships to the energy and real estate sectors back in the late 80s, what do y'all think about a hypothetical setup where current university athletic departments are spun off as MLPs or MLP-like instruments (instead of LLC as Kentucky has done)? Essentially, people could buy units and then be provided with tax-advantaged return-of-capital until their cost basis is met. If it's all about money these days for the athletes, as fans we may as well go after it whole-hog and get something back out of it beyond recurring appeals for handouts from ADs and NIL collectives.
 
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#5
#5
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#6
#6
tbh said:
Here's an afternoon musing:

Although Congress pretty much limited the use of Master Limited Partnerships to the energy and real estate sectors back in the late 80s, what do y'all think about a hypothetical setup where current university athletic departments are spun off as MLPs or MLP-like instruments (instead of LLC as Kentucky has done)? Essentially, people could buy units and then be provided with tax-advantaged return-of-capital until their cost basis is met. If it's all about money these days for the athletes, as fans we may as well go after it whole-hog and get something back out of it beyond recurring appeals for handouts from ADs and NIL collectives.
Click to expand...

As an addendum, (hypothetical) SEC tickers:

UT: VOLS
UF: JORT
Auburn: PLNS
Oklahoma: OKIE
Arkansas: PIGS
Kentucky: CATZ
Georgia: PUPS
LSU: TIGR
Miss. State: DOGS
Mississippi: DIVE
Vanderbilt: ANDY
SCar: CHKN
Alabama: GUMP
Missouri: MZRY
Texas: WHRN
TAMU: CULT
 
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#7
#7
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#9
#9
The Original Fade said:
You’re the professor, why don’t you do some research and get back to us
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That's 🐂💩. I post facts from the extensive research I've done. I ask questions that I don't know the answers to. That's one of the free eason's this forum exists.

Since you missed the obvious, asking questions here IS a firm of research..Duh

...since you are apparently allergic to that particular fact. . I recommend that you slather your keyboard in Benadryl cream.
 
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#10
#10
S.C. OrangeMan said:
That's 💩. I post facts from the extensive research I've done. I ask questions that I don't know the answers to. That's one of the free eason's this forum exists.

...since you are apparently allergic to that particular fact. . I recommend that you slather your keyboard in Benadryl cream.
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So...do you believe "extensive research" = ChatGPT?*

*Keep in mind, I am asking on this forum because I don't know the answer to that question.
 
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#12
#12
tbh said:
So...do you believe "extensive research" = ChatGPT?*

*Keep in mind, I am asking on this forum because I don't know the answer to that question.
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So, do you understand that there are different kinds and levels of research? Apparently they you're ignorant in that regard, too.
 
#14
#14
tbh said:
Another non-answer/deflection coupled with some sass...that's all you have when you're not copy/pasting the same output over and over (and over).
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Your inability to discern doesn't excuse that 🐂💩 reply..it doesn't excuse your appalling ignorance of the different types of research, either.

As far as the same output, that's all it takes to refuse a lot of the silly things done people post that are blatantly illegal under federal law. It's embarrassing that any UT fan sound do that.
 
#15
#15
S.C. OrangeMan said:
Your inability to discern doesn't excuse that 🐂💩 reply..it doesn't excuse your appalling ignorance of the different types of research, either.

As far as the same output, that's all it takes to refuse a lot of the silly things done people post that are blatantly illegal under federal law. It's embarrassing that any UT fan sound do that.
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You're apparently appalled by a great many things, based on this and previous posts...it must be tough to go through life in such a manically melodramatic state. Keep on "refusing", and don't go changin', unc.
 
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#16
#16
tbh said:
You're apparently appalled by a great many things, based on this and previous posts...it must be tough to go through life in such a manically melodramatic state. Keep on "refusing", and don't go changin', unc.
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It's not tough at all to debunk 🐂💩 like what you post. It's easy. I'm not as soft as you are.
 
#20
#20
S.C. OrangeMan said:
It's not tough at all to debunk 🐂💩 like what you post. It's easy. I'm not as soft as you are.
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If you want to go around comparing who's softer (and conversely, who's harder) you should stick to your favorite stall at your local highway rest area. Your people there may actually miss you.

Anyhow, moving along...

I believe you're having trouble discerning between "debunking" and deflecting, but please carry on! Your melodrama is quite entertaining, and everyone is paying your fair market value for it.
 
#21
#21
The NCAA has no backbone and they'd rather throw UT on probation when they are so mad at Alabama, but this is a legitimate challenge by the NCAA to sue Kentucky over formering and entering into an LLC. The LLC isn't a member of the NCAA and therefore should terminate Kentucky's participation in the NCAA. Any attorneys got opinions?
 
#23
#23
NEO said:
The only thing I can think is their is a loop hole or they will be a LLC that elects to be taxed as a c Corp which is public. Weird as F though.
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Doesn't this make them a for profit organization having formed a legal business entity with a new Charter for the LLC? Wouldn't this make everyone in the athletic department employees of the LLC and not the University? Wouldn't this make the athletes pure subcontractors hired by the LLC to perform work for the LLC?

Correction: Looks like Kentucky allows for non-profits to form LLCs, I guess some states do not. Becoming a new entity; does this effect their participation in being a member of the NCAA and the SEC?
 
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#24
#24
The Original Fade said:
So it’s official. How many schools to follow? Whats the short term and long term impact? Thoughts?
Click to expand...
Arkansas was first and now Kentucky. I do believe everyone will be watching this very closely. I also believe under the table payments will be cranked up again too.

Where money is involved---cheating will always exist
 
#25
#25
tbh said:
Here's an afternoon musing:

Although Congress pretty much limited the use of Master Limited Partnerships to the energy and real estate sectors back in the late 80s, what do y'all think about a hypothetical setup where current university athletic departments are spun off as MLPs or MLP-like instruments (instead of LLC as Kentucky has done)? Essentially, people could buy units and then be provided with tax-advantaged return-of-capital until their cost basis is met. If it's all about money these days for the athletes, as fans we may as well go after it whole-hog and get something back out of it beyond recurring appeals for handouts from ADs and NIL collectives.
Click to expand...
Here's what I think: They are not interested in paying you. They've had you paying them with absolutely nothing in return for 10,000 years. They don't want investors. They want free money, and they're actually getting it by the trainload.
 
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