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So, any update on the 50 donors for $50 million?

Discussion in 'Colorado Football Message Board' started by DBT, May 5, 2010.

  1. DBT

    DBT Club Member Club Member

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    Have they reached their first million yet?
     
  2. Darian3Hagan

    Darian3Hagan '89 Player of the Year Club Member

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    I heard they are going to wait until your boy Hawkins is fired first.
     
  3. leftybuff

    leftybuff Iconoclast Club Member

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    They are getting their horns out, working on the little things...and man, they are so close to giving money.
     
  4. mdelpizzo_1

    mdelpizzo_1 My Dixie Wrecked Club Member

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    We'll see.... It's about to pop I think
     
  5. Junction

    Junction Moderator Club Member

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    I've heard they have 49 of them lined up. They just need you to kick in about $48 million and we're set... :woot: :gobuffs:
     
  6. sackman

    sackman Club Member Club Member

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    They're figuring out how much money they need to raise to get to a bowl game.
     
  7. BlackNGold

    BlackNGold Club Member Club Member

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    It is only a concept at this point in time. There is some interest on the part of some donors but it is a long way from becoming a reality. Big sticking point - donors want a say in AD matters for the money - CU is reluctant to go down that path.
     
  8. leftybuff

    leftybuff Iconoclast Club Member

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    Typical gubmint blinders...just give us the $$$$ WE'LL decide how to use it....:finger:
     
  9. sackman

    sackman Club Member Club Member

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    Well, you can't have the inmates running the asylum, so I understand their reluctance. Just the same, I would think there could be a balance struck that would be acceptable to both sides. Long term, $50MM is a drop in the bucket for what this AD needs to compete with the elites of college athletics. If they could work out a deal that would allow access and a certain level of decision making to 50 people who pledge $250K/Year in perpetuity, then I could see that kind of arrangement working out for everybody.
     
  10. leftybuff

    leftybuff Iconoclast Club Member

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    Maybe, but CU's AD budget was/is about $45MM, having an entire year's budget, and then some, fall out of the great blue sky ito your lap, is not something to sneeze at, even if you have to wipe the donor's nose a couple of times....
     
  11. sackman

    sackman Club Member Club Member

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    Of course. But the downshot to that is that if they give decision making authority to those folks, they are not getting solid value. $12.5MM/Year forever is better than $50MM all at once.
     
  12. leftybuff

    leftybuff Iconoclast Club Member

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    Well we don't know what kind of influence the 50 are asking for, so it's hard to say. If they are asking for policy making level decisions, then yeah, that could be a problem. But on the other hand, getting 50, or even a majority of 50 to agree on something is hard to do. For instance, I doubt all 50 would have agreed to fire Hawk after this year, and a majority would have only happened during the season (and after CU got embarrassed for the umpteenth time).

    In the end, it's the golden rule, he who has the gold, makes the rules....CU AD may not be in a position to say no much longer...
     
  13. sackman

    sackman Club Member Club Member

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    Absolutely. For an athletic department that is (supposedly) struggling for funds and is losing season ticket holders, this may force their hand. I don't want the $50MM to go to operating costs, though. That has to go to facilities.
     
  14. Hugegroove

    Hugegroove Club Member Club Member

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    :yeahthat:
     
  15. Liver

    Liver modded mod Club Member Junta Member

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    my check is in the mail. i just had to post-date it for a little while... i am sure they won't mind a post-dated check (june 1, 2050)... hell, i sent it certified mail so i am good to go.
     
  16. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    I didnt know you were in government.
     
  17. SINKRATZ

    SINKRATZ Club Member Club Member

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    For $12.5MM a year in perpetuity they could rename the team and change our colors for all I care. That kind of money would finance the facilities of our dreams.

    Unfortunately I think it's even a longer shot than the one-time $50MM donation (which would in all likelihood be paid over time rather than a lump sum).
     

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