Topic: Country Roads Trust

[chris88]

No way they agree to student fees for athletics.  No way they agree to raise those fees.  No way those fees will never be reduced even though promised.  The thing about a tax, which is all that is, is it will get implemented, it will grow, and once part of the deal it will never go away.  Don't be surprised when this starts happening at places.

The student fee was like $50 a semester in 1987.  What's it up to now $300-$400?
Many FBS schools fund more than half their athletic budget with student fees.  That was unheard of 30 years ago.

Enough push back from parents will eventually have an impact on that IMO. At some point parents are going to want the opportunity to opt out. And they should have the right to. We'll see

[chris88]

I went to the site. Some observations:
- Trust started by Oliver Luck along with Diamonbacks Exec
- Set up as an LLC vs non-profit meaning they could show a profit. Did not see anything about how much of money or % would go to operations.
- Have to be an accredited investor to invest which usually means a min. 1M net worth
- Said it was open to all athletes in all sports
- Athletes could sign an NIL separate from the trust, but would not get the guidance/support from trust
- They listed some of the potential ventures being: paid for autograph sessions; public appearances; marketing/advertising.

I would hope someone else would be paying (a business) for the player to show up to sign autographs vs charging kids etc. "Bring Your Piggybank Kids" would not be a productive advertising slogan IMO.

[herdfan129]

It?s actually just $200k in income over last two years so not really THAT difficult.

Regardless, this is a good thing and is smart by WVU?. Meanwhile in Huntington, we just complain.