1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Colorado National Golf Course Owner indicted on tax evasion charges

Discussion in 'University of Colorado News and Olympic Sports' started by Del, Feb 15, 2012.

  1. Del

    Del Member

    Joined:
    May 25, 2010
    Messages:
    1,072
    Likes Received:
    24
  2. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

    Joined:
    Mar 20, 2009
    Messages:
    80,747
    Likes Received:
    16,461
    Wow.

    And ****.
     
  3. NashBuff

    NashBuff CSU Knob-Slobberer

    Joined:
    Jun 30, 2009
    Messages:
    3,909
    Likes Received:
    57
    Does that mean CU could lose that golf course along with the facilities that were built there?
     
  4. DBT

    DBT Club Member Club Member

    Joined:
    Aug 18, 2005
    Messages:
    58,581
    Likes Received:
    4,718
    I don't think anyone knows yet. They have a contract through, like, 2038. But if he is forced to sell, who knows?
     
  5. SuperiorBuff

    SuperiorBuff Well-Known Member

    Joined:
    Jul 11, 2005
    Messages:
    12,763
    Likes Received:
    1,123
    Selling a company doesn't void contracts.
     
  6. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

    Joined:
    Mar 20, 2009
    Messages:
    80,747
    Likes Received:
    16,461
    It does void stupid contract that didn't include the boilerplate clauses about surviving a change in the company's name, structure or ownership.
     
  7. GoBuffs08

    GoBuffs08 Well-Known Member

    Joined:
    Aug 12, 2008
    Messages:
    4,814
    Likes Received:
    647
    CU paid for the new golf facility that was built so they own that building. I believe the course itself was placed into some type of trust for the rebranding to Colo National.

    As far as future ownership, while the principal owner might change, there should be no change to any of the agreements with CU. Of course when you are dealing with the IRS anything can happen.
     
  8. buff190

    buff190 Club Member Club Member

    Joined:
    Sep 29, 2005
    Messages:
    1,365
    Likes Received:
    43
    Maybe stupid questions but...

    Does the golf course go into some type of foreclosure situation?
    How much would a golf course like this cost?
    Could CU just buy it?
     
  9. sackman

    sackman Club Member Club Member

    Joined:
    Jul 8, 2005
    Messages:
    48,531
    Likes Received:
    4,521
    Not stupid questions at all. 1) that depends on whether he's able to pay his taxes or not, I suppose. 2) Hard to say, it's based on the revenues generated, and I have no idea what kind of revenues the course generates. 3) Sure, but that has complications as well.
     
  10. HotRack

    HotRack Rez BubbleHead Club Member

    Joined:
    Oct 13, 2009
    Messages:
    7,036
    Likes Received:
    476
    Sound like we better start an AllBuffs collection ASAP! Who wants to own a golf course?
     
    Burrito Palazzo likes this.
  11. RK

    RK UBL Club Member

    Joined:
    Oct 5, 2010
    Messages:
    4,920
    Likes Received:
    474
    me me me me me!
     

Share This Page