Jump to content
SiouxSports.com Forum
jdub27

Kennedy vs. Engelstad Foundation: GF herald feature

Recommended Posts

6 minutes ago, darell1976 said:

Seeing as they donated $20,000 in 2016, and give football sales back to either UND or the city, I don’t think the school will be hurting.

Factor in the profit from the sales of all the FH gear UND is raking in and Kennedy will announce this fall plans to break ground on a new on campus FB stadium.

Share this post


Link to post
Share on other sites
9 minutes ago, Csonked Out said:

it has nothing to do with ungratefulness, but the gift wasn't without a price. The bottom line is they have a lease agreement with us that is very one sided. The Ralph was gifted to benefit the University, yet here we are losing millions in revenue annually to the foundation and that money isn't coming back to UND as originally planned. Lease agreements matter to a university and the lack of state funding is making it a problem. 

is this true...i can't make out what exactly UND is losing with these agreements...but are we losing millions EVERY YEAR in revenue to the foundation?

  • Upvote 1

Share this post


Link to post
Share on other sites
1 minute ago, Cratter said:

I'm taking my ball and going home!

Go ahead........just leave enough money before you leave so UND can buy a new one!

Share this post


Link to post
Share on other sites
1 minute ago, SIOUXFAN97 said:

is this true...i can't make out what exactly UND is losing with these agreements...but are we losing millions EVERY YEAR in revenue to the foundation?

it is a big number. I am waiting until I see the 2017 numbers to say anything further.

Share this post


Link to post
Share on other sites
5 minutes ago, SIOUXFAN97 said:

is this true...i can't make out what exactly UND is losing with these agreements...but are we losing millions EVERY YEAR in revenue to the foundation?

To the REA foundation.

No money goes to the Engelstad Foundation.

The REA uses that money, along with donations, to upgrade the locker rooms, upgrade the scoreboard, build the betty, upgrade the betty, upgrade the ralph, pay its bills, etc. And then what is left over give back to the University.

Share this post


Link to post
Share on other sites
Just now, Csonked Out said:

it is a big number. I am waiting until I see the 2017 numbers to say anything further.

That's a great idea............

Share this post


Link to post
Share on other sites
2 minutes ago, Cratter said:

To the REA foundation.

No money goes to the Engelstad Foundation.

The REA uses that money, along with donations, to upgrade the locker rooms, build the betty, upgrade the betty, pay its bills, etc. And then what is left over give back to the University.

Stop........it all goes to buying more Hilter memorabilia.

  • Upvote 1

Share this post


Link to post
Share on other sites
1 minute ago, Cratter said:

To the REA foundation.

No money goes to the Engelstad Foundation.

The REA uses that money, along with donations, to upgrade the locker rooms, build the betty, upgrade the betty, pay its bills, etc. And then what is left over give back to the University.

so what's everyone arguing about is that since REA is seens as pro hockey they are directing too much money from fb bball vball to the hockey side of the blanace sheet?

Share this post


Link to post
Share on other sites
Just now, Cratter said:

To the REA foundation.

No money goes to the Engelstad Foundation.

The REA uses that money, along with donations, to upgrade the locker rooms, build the betty, upgrade the betty, pay its bills, etc. And then what is left over give back to the University.

So how much did hey receive in 2016 to only give back 20 grand? Do they pay for upgrades for the football program when they get their ticket sales?

Share this post


Link to post
Share on other sites
Just now, darell1976 said:

So how much did hey receive in 2016 to only give back 20 grand? 

What?

The REA gave back more than $20,000 in 2016.

Share this post


Link to post
Share on other sites
Just now, Csonked Out said:

way to add something productive to the conversation.....

Still wrapping my head around your "losing millions" theory...........

Share this post


Link to post
Share on other sites
3 minutes ago, Cratter said:

What?

The REA gave back more than $20,000 in 2016.

For that year, the family foundation gave only $20,000 to the UND alumni group. In that same year, the foundation gave $37,000 to the club hockey program at the University of Nevada Las Vegas. Financial reports for 2017 aren't yet available.

https://www.wday.com/news/education/4443817-i-want-see-him-do-his-job-kris-engelstad-mcgarry-describes-hostile

Share this post


Link to post
Share on other sites
10 minutes ago, SIOUXFAN97 said:

so what's everyone arguing about is that since REA is seens as pro hockey they are directing too much money from fb bball vball to the hockey side of the blanace sheet?

Pretty much.

UND wants that $800,000 to spend how they see fit instead of the REA spending it on a new roof for the Betty.

And why a lot of people fear when UND takes over the complex, as it'll likely fall into disarray like all the other "deferred maintenance" and "scheduled to be demolished" when they look around campus.

  • Upvote 1

Share this post


Link to post
Share on other sites
4 minutes ago, Cratter said:

What?

The REA gave back more than $20,000 in 2016.

The premises is any dollars the Foundation pillages from the University it is required to return it times 10 annually. You missed that memo.

Share this post


Link to post
Share on other sites
1 minute ago, darell1976 said:

For that year, the family foundation gave only $20,000 to the UND alumni group. 

You're confusing two different entities.

The Engelstad Family foundation is not the "REA Foundation."

Share this post


Link to post
Share on other sites
Just now, Cratter said:

Pretty much.

UND wants that $800,000 to spend how they see fit instead of the REA spending it on a new roof for the Betty.

Would that prompt McGarry to run to the GFH and bash Kennedy? 

Share this post


Link to post
Share on other sites
Just now, Cratter said:

You're confusing two different entities.

The Engelstad Family foundation is not the "REA Foundation."

Don't complicate it for him

Share this post


Link to post
Share on other sites
Just now, Cratter said:

You're confusing two different entities.

The Engelstad Family foundation is not the "REA Foundation."

Which one gets the revenue from tickets and such.

Share this post


Link to post
Share on other sites
Just now, darell1976 said:

Would that prompt McGarry to run to the GFH and bash Kennedy? 

She has friends that work at the Herald and when they found out she was in town. They asked her if they could have an on the record interview with her....and the juicy parts of what she had to say are what you see.

  • Upvote 1

Share this post


Link to post
Share on other sites
Just now, darell1976 said:

Which one gets the revenue from tickets and such.

I can only educate you so much in such a short amount of time.

Try google.

  • Upvote 1

Share this post


Link to post
Share on other sites
Just now, Cratter said:

She has friends that work at the Herald and when they found out she was in town. They asked her if they could have an on the record interview with her....and the juicy parts of what she had to say are what you see.

So is the contract done in 2030 or is it a year by year? By the way this was all brought up sounds like it’s a long term that Kennedy wants to either end or renegotiate.

Share this post


Link to post
Share on other sites
3 minutes ago, darell1976 said:

The alphabet is too complicated for you Edgewood.

Correct.......that is why I speak 5 different languages. ;)

Always me to be a star at Taco Bell and a Chinese buffet.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×