LSU athletic finances

[THookem]

 

[Migas & Fajitas]

[THookem]

 

[Hookem1012]

They stole money from a children’s hospital. F them.

[chennups]

26 minutes ago, Hookem1012 said:

They stole money from a children’s hospital. F them.

really? when? i work at a children's hospital, so that would be upsetting to say the least.

[NTX_Horn]

[Paul Jespersen]

also breaking:  double LSU legacy Marcus Spears Jr commits to Texas, regardless of Tiger's NIL... 😜

🤘

[bourbasted]

1 hour ago, THookem said:

 

One must first have academics for to 'drop' said academics. 😆

[Hookem1012]

2 hours ago, chennups said:

really? when? i work at a children's hospital, so that would be upsetting to say the least.

Been a few years. Iirc, a booster used funds that were supposed to go to the children’s hospital to fly around a parent of one of their players. Could be a little fuzzy on exact details, but that’s the gist of it.

[THookem]

20 minutes ago, Hookem1012 said:

Been a few years. Iirc, a booster used funds that were supposed to go to the children’s hospital to fly around a parent of one of their players. Could be a little fuzzy on exact details, but that’s the gist of it.

here ya go:

https://www.wafb.com/2019/06/20/former-head-olol-foundation-admits-stealing-over-k-charity-guilty-plea/?outputType=amp

[Califashorn75]

Maybe they are thinking of doing something illegal. 

[WRNC]

LSU needs money to find a Louisiana judge to file an injunction.

 

[Steamboat Willie]

7 hours ago, Califashorn75 said:

Maybe they are thinking of doing something illegal. 

Maybe?

[horns96]

I bet it’s private equity…

[THookem]

 

[SWTHorn]

18 hours ago, THookem said:

 

The comments on the Twitter post are quite epic and hilarious, worth the scroll.

[Hookem72]

10 minutes ago, THookem said:

 

Thank you for linking it.  There were not really any details in this other than the podcaster thinks it will be a success because Wade Rousse is involved—which is kind of questionable.   They tout their Woodside Energy deals and how cutting edge they are.   I am very skeptical of this “secret plan” but apparently there is little to no enforcement anymore so I guess they decided to go hell bent for leather on throwing money around like Tech— but with the tacit blessing of their Governor.  
 

I didn’t hear him mention it, but I think the invitation had a rallying cry of something like: One State, Two Colors, Three Letters:LSU.  So, if Governor Landry is really behind this, I can see a situation where his executive power may be challenged in sponsoring such a funding deal—not for academics—but for football players who can swap schools and play for the highest bidder.  That is a straight up Louisiana politician approach to “unsustainable”.    I am very skeptical of whatever brain trust scheme they cooked up and if it does go through, I think you will see massive embezzlement/fraud in how it is carried out.  
 

I’ll wait and see, but I bet it is not as earth shattering as they make it seem.  It really smacks of desperation in a weird way—which tells me the LSU donors must be extremely fatigued after buying out Kelly and watching Lane go on a spending spree in the portal and recruiting.  Those donors will likely end up holding the debt when Lane flames out like he did at Tennessee, USC or jumps ship to the NFL.