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Kennedy vs. Engelstad Foundation: GF herald feature

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19 minutes ago, darell1976 said:

Why? How have they helped the football team with their current share of the ticket revenue, and how would their managing a larger portion of the budget help them in the future? 

Football ticket sales minus expenses = X

Revenue directed toward football program from REA is likely >X

and

if you have to ask whether a private(or somewhat private) entity is more capable of responsibly handling a budget vs. a government run entity I don't know how to explain it, but in a nutshell one of them has to actually meet a budget and be fiscally responsible and the other one doesn't.

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2 minutes ago, Frozen4sioux said:

There was a news story that reported that exact chain of events.

Well, not exactly. The news report said: 

7 minutes ago, BobIwabuchiFan said:

Basically, Kennedy flew out to Vegas, made introductions and left the discussions ...  The end result of the discussions is the North Dakota logo stays at center court and UND thanks the mega-donor foundation and family for helping them navigate this thorny issue.  

What the news report did NOT say; what you speculate is this portion: 

7 minutes ago, BobIwabuchiFan said:

Someone at NDUS decided to get involved and establish what was going to happen IMHO.  I'm hoping the REA extends the facility management contract further as I'm confident once UND and NDUS get control of the building it will become a huge property tax boondoogle for the city to support the building (see TRF experience). Especially since UND can't manage the money they have now and with ND looking at making even more cuts to Higher Ed funding....

And your speculation is tenuous at best.

  • The NDUS is on record saying that they were staying out of the matter.
  • Next, REA wouldn't become a property tax issue for GF. It'd become an issue for the State as they'd own it. 
  • Finally, UND is managing their money; that said, they're having to do some unpopular things (in some quarters) because there's not enough money. 
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2 minutes ago, petey23 said:

Football ticket sales minus expenses = X

Revenue directed toward football program from REA is likely >X

and

if you have to ask whether a private(or somewhat private) entity is more capable of responsibly handling a budget vs. a government run entity I don't know how to explain it, but in a nutshell one of them has to actually meet a budget and be fiscally responsible and the other one doesn't.

A businessman more capable of handling a budget better then a government run entity.  Where have I heard that before?!!  ;)  I guess former casino owners make the best CFO's!!  

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46 minutes ago, Frozen4sioux said:

If they really came together on a contract that truely benefits all UND athletics, expect the terms to reflect an increased REA responsibility in managing a larger portion of the athletics budget.

How exactly would the REA have an increased responsibility in managing a larger portion of the athletics budget? Currently they have zero responsibility outside of taking 52% of all ticket revenue as "rent", charging UND $247K for ticket office expenses and another $1.1 million in utilities, maintenance staff, phone service, all of which they used with minimal checks and balances to keep the REA running.

I'm still confused why KEM feels the need to give out details of these meetings and negotiations to the press and on top of that is also scheduled to give an on camera interview within the next few days. Seems like there is a need to control the narrative when a simple "no comment" would be more than sufficient.

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7 minutes ago, jdub27 said:

Seems like there is a need to control the narrative when a simple "no comment" would be more than sufficient.

Mel-Brooks-Its-good-to-be-the-king-300x1

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41 minutes ago, The Sicatoka said:

Well, not exactly. The news report said: 

What the news report did NOT say; what you speculate is this portion: 

And your speculation is tenuous at best.

  • The NDUS is on record saying that they were staying out of the matter.
  • Next, REA wouldn't become a property tax issue for GF. It'd become an issue for the State as they'd own it. 
  • Finally, UND is managing their money; that said, they're having to do some unpopular things (in some quarters) because there's not enough money. 

Hence, I stated with an "IMHO" at the end of the sentence which connotes an opinion, not fact.  As for your speculation, I would agree its tenuous at best as well....

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Does anybody have any thoughts on what agreements may have been made at the May 30th meeting between Engelstad-McGarry and Kennedy?

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Jacobs and the Herald latch on to McGarry’s story as a way to drive Kennedy out of office.  Same old political song and dance never change for Jacobs, the time he doesn’t have to worry about flunking out of school.

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2 hours ago, jdub27 said:

How exactly would the REA have an increased responsibility in managing a larger portion of the athletics budget? Currently they have zero responsibility outside of taking 52% of all ticket revenue as "rent", charging UND $247K for ticket office expenses and another $1.1 million in utilities, maintenance staff, phone service, all of which they used with minimal checks and balances to keep the REA running.

I'm still confused why KEM feels the need to give out details of these meetings and negotiations to the press and on top of that is also scheduled to give an on camera interview within the next few days. Seems like there is a need to control the narrative when a simple "no comment" would be more than sufficient.

I'd be giving statement too if i had to deal with ungreatfull pricks who disrespect the nature of her legacy and continous spirtit of philanthropic donation. 

I however would not have been nearly as gracious or forgiving as it appears she was in resolving such a shameful display of ungratefulness.

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15 minutes ago, Frozen4sioux said:

I'd be giving statement too if i had to deal with ungreatfull pricks who disrespect the nature of her legacy and continous spirtit of philanthropic donation. 

I however would not have been nearly as gracious or forgiving as it appears she was in resolving such a shameful display of ungratefulness.

Ungreatfulness? We all thanked RALPH for HIS great gift to the university almost 2 decades ago. I didn’t know everyone should bow down to KEM and kiss her feet for something that came from her father. MK sure the hell isn’t going to do that and I don’t blame him.

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51 minutes ago, darell1976 said:

Ungreatfulness? We all thanked RALPH for HIS great gift to the university almost 2 decades ago. I didn’t know everyone should bow down to KEM and kiss her feet for something that came from her father. MK sure the hell isn’t going to do that and I don’t blame him.

This is what I have been saying too. But don't expect the hockey-only people to understand it.

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50 minutes ago, darell1976 said:

Ungreatfulness? We all thanked RALPH for HIS great gift to the university almost 2 decades ago. I didn’t know everyone should bow down to KEM and kiss her feet for something that came from her father. MK sure the hell isn’t going to do that and I don’t blame him.

Should have and now, has done.

Moving on.

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Let me make one statement about that news story: It all came from one side of the conversation. The other side was a simple press release. 

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2 hours ago, Frozen4sioux said:

I'd be giving statement too if i had to deal with ungreatfull pricks who disrespect the nature of her legacy and continous spirtit of philanthropic donation. 

I however would not have been nearly as gracious or forgiving as it appears she was in resolving such a shameful display of ungratefulness.

or, in other words...........the rest of the university doesn't matter as long as hockey has been taken care of and you better not mess that up.

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Always remember and never forget:
Kennedy is first and foremost a politician. He knows how to work a situation and a room.

 

When it's happening it may look wrong to you, but you and I seldom see the end game the politician sees. 

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36 minutes ago, jdub27 said:

Legacy of her nature? She chairs her family Foundation (and pulls salary well into the six figures for doing so).

< whistling past > 

FLIP ... < thump onto front porch

< whistling away > 

 

PS - Part VIII of that link is a good read. Sean is the grandson who dropped a puck. 
PPS - Part XV (in the main doc and a bunch of continuation sheets at the end) shows who Ralph's estate donated to. 
PPPS - Form 990 is a fabulous thing. ;) 

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2 hours ago, jdub27 said:

Legacy of her nature? She chairs her family Foundation (and pulls salary well into the six figures for doing so).
Continuous spirit of philanthropic donation? Recent tax returns and dealings with UNLV might show you're taking a few liberties on that. 

I'm also going to assume you don't work in the business world if you think that was a "shameful display of ungratefullness" nor do you have any understanding of how a relationship like UND and the REA works. MK also went out of his way in every single communication released through FOIA to explain how grateful and thankful UND was for the gifts. However, apparently standing up for what he perceived as wrongs against UND and working to fix them was just a step too far in his capacity running the actual University. Good on him for doing what it takes to make an important donor happy but I don't doubt he got what he felt was important out of the deal.

Looks like a bunch of grand forks and east grand forks organizations may believe that she is in fact continuing to be philanthropic to our area, where do you get off telling them where they can or should be spending their own money! 

That money coming into the community is in no way taken from the FB team or any team, or the University. That’s money that is dearly appreciated that comes in due to the Family foundation, not the money taken in from ticket sales or paid from UND.

Maybe you selfish bastards should go over to Sacred Heart and The community violence protection program and explain to them how they need to “feel the crunch” like the rest of the state.... make them give you some off that money you deserve for better water bottles, new logo stencils, and that fourth road jersey.

But hey shame on her for giving away some of her family foundations money to feed homeless in Nevada..... what an selfish little brat....

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8 hours ago, BobIwabuchiFan said:

Basically, Kennedy flew out to Vegas, made introductions and left the discussions to the adults.  The end result of the discussions is the North Dakota logo stays at center court and UND thanks the mega-donor foundation and family for helping them navigate this thorny issue.  Someone at NDUS decided to get involved and establish what was going to happen IMHO.  I'm hoping the REA extends the facility management contract further as I'm confident once UND and NDUS get control of the building it will become a huge property tax boondoogle for the city to support the building (see TRF experience). Especially since UND can't manage the money they have now and with ND looking at making even more cuts to Higher Ed funding....

It does not take much for one to notice those who simply interpret decision-making competence through net worth.

Engelstad McGarry may have the money (ability to donate), but she does not necessarily have the right ideas. In fact, she wasn't even the one who made the mega million dollar donation (that distinction goes to her father).  It seems, though, that folks around UND and Grand Forks just do not want to see through the dollar signs and actually consider deficiency within the current arrangement. It's always more comforting and simple to equate a single factor ($) to everything.

REA was and is a tremendous gift, but should it grant immunity towards reassessment and adjustment? 

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1 hour ago, UND-FB-FAN said:

It does not take much for one to notice those who simply interpret decision-making competence through net worth.

Engelstad McGarry may have the money (ability to donate), but she does not necessarily have the right ideas. In fact, she wasn't even the one who made the mega million dollar donation (that distinction goes to her father).  It seems, though, that folks around UND and Grand Forks just do not want to see through the dollar signs and actually consider deficiency within the current arrangement. It's always more comforting and simple to equate a single factor ($) to everything.

REA was and is a tremendous gift, but should it grant immunity towards reassessment and adjustment? 

Great points. Exactly what I am thinking about this.

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1 hour ago, Frozen4sioux said:

Looks like a bunch of grand forks and east grand forks organizations may believe that she is in fact continuing to be philanthropic to our area, where do you get off telling them where they can or should be spending their own money! 

That money coming into the community is in no way taken from the FB team or any team, or the University. That’s money that is dearly appreciated that comes in due to the Family foundation, not the money taken in from ticket sales or paid from UND.

Maybe you selfish bastards should go over to Sacred Heart and The community violence protection program and explain to them how they need to “feel the crunch” like the rest of the state.... make them give you some off that money you deserve for better water bottles, new logo stencils, and that fourth road jersey.

But hey shame on her for giving away some of her family foundations money to feed homeless in Nevada..... what an selfish little brat....

Ok nutbeard.  :silly:

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