If include the ISU Foundation, then many more. Many Foundation donors don't give the athletics.
Without debt, which is common today, a 1,500 acre farm can be worth $15-$20 million
Imo, many more than a 1000.
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Without debt, which is common today, a 1,500 acre farm can be worth $15-$20 million
Imo, many more than a 1000.
Journal story shows how LDS Church wealth is paying for all those new temples
How the LDS Church’s vast wealth is funding a temple-building blitz.
You ever been to WV as a Midwest person? Reminds me of those “we went to the worst slums in Uganda, then we went OUTSIDE OF THE CITIES AND WERE SHOCKED” style YouTube videos.
Signing of national No. 1 hoop recruit rocks national, local college scene
It was a historic Tuesday when the top-ranked basketball player in the country, AJ Dybantsa, signed on to play for Kevin Young and his BYU basketball team
Apparently, his nil deal is $7 million. Concensus top player in the country.
When the money behinds the scenes is $100 billion, can grow tax free, this is what will happen until there are rules.
Alums-yes. Donors-not so sure. I know at least a handful of alums who in my estimation are worth upwards of $20MM and none of them have their numbers in Jamie's phone. They're fans just not big givers
Any good coach that takes the Minnesota job is a fool. Patino jr is a solid coach and could not get it done at Minnesota. Someone will give him a new job
That would not be well received, but realistically that's the level they should be looking at. Fan abandonment of that program and refusal to contribute to its improvement over a decade is a major red flag for anyone looking at it.
It will definitely not be a popular hire, but the general hubris of UI athletics needs reduced substantially, and this is a step in the right direction.
1st step in recovery is admitting you have a problem
Net worth doesn't matter. What's matters is how many people have $20M+ in cash and are willing to throw some of it at ISU. That grouping of people, I would guess, is microscopic, even compared to peer universities.Well now he can play with Mark Cuban's money at Indiana. Do we even have a donor with a net worth in the 20 million range? I had no idea there were this many billionaires helping schools. Arizona State has one too.
How Mike Repole’s Millions Pulled St. John's Into the NIL Era
The billionaire alum infused a swell of cash that helped Rick Pitino build a St. John’s roster that took men's basketball by storm.frontofficesports.com
Meet The Billionaire March Madness Boosters
Inside the C-Suite 16—a group of ultra-rich fans using their combined net worth of $357 billion to bankroll the schools in the 2025 NCAA men’s basketball tournament.www.forbes.com
They were talking about it on 2 Guys podcast. Sounds like it wasn’t a good fit for them.
Almost nobody has $20m+ in cash, because almost everyone with an 8 figure net worth and above has a high percentage of their net worth invested whether that’s real estate, financial investments, or companies.
Generally speaking somebody with a $20m net worth can give a $100k donation without it effecting them much at all and not a one time gift. The same is true of a person with a $200m net worth and a $1m donation or $2b and a $10m donation.
You’re a little light on what a 1,500 acre farm would be worth in quite a few parts of Iowa.
But yes, a lot of people don’t realize how many older farmers and widows are walking around with $10m+ net worths. Now once they pass and pass it on to their kids and grandkids it gets divided up quite a bit.
IMO Iowa fans will remain delusional. They will turn on the AD before they resort to introspection.
Let me rephrase: $20M+ in assets that can be easily converted to cash, or mechanisms that can be used beneficially as massive donations. Donations are still cash at the end of the day. Big farmers don't have donatable resources of that level, we need major business moguls for that kind of scale.
Tragically, we are short on oil reserves and banking HQs in Iowa. Rich farmer checkbooks don't open up nearly as wide.
It’s not about converting it to cash. Most in life donations come from income that real estate, financial investments, and company ownership generate. The major difference is that farmers (and engineers too) tend to be more financially conservative than other groups of people. People in other walks of life tend to be much looser with their money and give it freely to something that is mainly for entertainment or ego, like college athletics.
It matters. There is a very strong correlation between high net worth, and the ability and tendency to spend whatever cash you do have on low ROI things
Nevertheless, your point is valid in the sense that the collective wealth of the segment of ISU’s base that is in agricultural is asset based…in an asset that tends to rarely be liquidated.
Will the passing of the Boomer generation change that? Has there ever been a time in which so much no/low debt land will be transferred to the next generation, a much smaller one in terms of population interested in farming?
