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Kennedy vs. Engelstad Foundation: GF herald feature


jdub27

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2 hours ago, Cratter said:

It expired a year ago.

UND signed basically the exact same agreement this last week and said they felt "very good" about the agreement.

Do you know if any of the insiders on this site were consulted  by UND prior to signing the new agreement?;)

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On ‎6‎/‎23‎/‎2018 at 1:33 PM, SIOUXFAN97 said:

http://www.grandforksherald.com/lifestyle/money-and-finance/4464152-metro-sports-foundation-received-85-million-engelstad-foundation

 

why????? fargo of all places....

is there a chance some und fb money ended up in fargo?

OMG how hard is this for you to understand.

0.0% OF THE TICKET REVENUE LEAVES UND!

The ENGELSTAD foundation is generously donating money that WAS NOT GENERATED BY UND ATHLETICS!!!!!! or ever associated with teh Ralph Engelstad Arena!!

This has been explained and proven numerous times on here and sheeple just jeep returning to trying to push a narative of money being misdirected by some "evil" organization. 

Pathetic.

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14 minutes ago, Frozen4sioux said:

OMG how hard is this for you to understand.

0.0% OF THE TICKET REVENUE LEAVES UND!

The foundation is generously donating money that WAS NOT GENERATED BY UND ATHLETICS!!!!!!

This has been explained and proven numerous times on here and sheeple just jeep returning to trying to push a narative of money being misdirected by some "evil" organization. 

Pathetic.

So if the REA foundation is so generous with their money, why not just say we will take a reasonable percentage of ticket revenue from events held at REA or The Betty, maybe 25%, and not any from football. If they can't recover operating expenses from that ticket revenue, parking and concessions revenue, plus other Non-UND events, that is ok, That would be just an additional donation? 

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1 hour ago, nd1sufan said:

So if the REA foundation is so generous with their money, why not just say we will take a reasonable percentage of ticket revenue from events held at REA or The Betty, maybe 25%, and not any from football. If they can't recover operating expenses from that ticket revenue, parking and concessions revenue, plus other Non-UND events, that is ok, That would be just an additional donation? 

That is a reasonable question.  Maybe one of the insiders in the know here can explain the concept.  There are a lot of layers with their fingers into this and some individuals serve on multiple boards concerning this.

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2 hours ago, Cratter said:

The former administration also agreed to it, must not be nearly as bad in the big picture as some people think.

Because they wanted the arena so badly they would have agreed to anything. Now they need The Ralph and The Betty so badly they have to agree to anything the REA puts in front of them. Hockey, volleyball and mens and womens basketball would be without a home without them.  UND has ZERO bargaining power and the REA is taking full advantage,  But don't worry, I am sure the REA will use some of that FB ticket revenue to put in a new hot tub in the mens hockey locker room. Maybe even put one in Berry's office.

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9 hours ago, Frozen4sioux said:

OMG how hard is this for you to understand.

0.0% OF THE TICKET REVENUE LEAVES UND!

The ENGELSTAD foundation is generously donating money that WAS NOT GENERATED BY UND ATHLETICS!!!!!! or ever associated with teh Ralph Engelstad Arena!!

This has been explained and proven numerous times on here and sheeple just jeep returning to trying to push a narative of money being misdirected by some "evil" organization. 

Pathetic.

I get it now. I wouldn't have pegged the Engelstads as re-distributionists,  but that is what they are doing. They want to collect most of the athletic revenue at UND and then donate the extra revenue, after all of their expenses are covered, back to UND so they can earmark it for the hockey program, Genius. 

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5 hours ago, nd1sufan said:

Because they wanted the arena so badly they would have agreed to anything. Now they need The Ralph and The Betty so badly they have to agree to anything the REA puts in front of them. Hockey, volleyball and mens and womens basketball would be without a home without them.  UND has ZERO bargaining power and the REA is taking full advantage,  But don't worry, I am sure the REA will use some of that FB ticket revenue to put in a new hot tub in the mens hockey locker room. Maybe even put one in Berry's office.

UND still has the Hyslop so technically they still have a home for basketball and volleyball. But it won’t come to that as they both need each other. 

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4 hours ago, darell1976 said:

UND still has the Hyslop so technically they still have a home for basketball and volleyball. But it won’t come to that as they both need each other. 

That is true, but my guess is if UND threatened to move BB and VB, the REA’s response would be “where are you going to play hockey”.  But you are right, they both need each other. 

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2 minutes ago, nd1sufan said:

That is true, but my guess is if UND threatened to move BB and VB, the REA’s response would be “where are you going to play hockey”.  But you are right, they both need each other. 

You are really in tune with the happenings at UND.  I like it.  

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1 hour ago, nd1sufan said:

That is true, but my guess is if UND threatened to move BB and VB, the REA’s response would be “where are you going to play hockey”.  But you are right, they both need each other. 

Wait for the Rod tip to bend a little and then slowly turn the reel a half turn until you feel tension and then pull it back hard...there, you just caught a Darell!

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On ‎6‎/‎24‎/‎2018 at 8:39 AM, nd1sufan said:

52% of all of UND FB ticket revenue ends up with the REA. So in reality, nobody knows where that 52% ends up. UND should collect all of the FB ticket revenue and pay the Alerus rent fro the days they have games there. But it sounds like UND administrators really wanted the $100 million arena "gift" that they were willing to give the REA anything they wanted. They will continue to struggle funding sports other than mens hockey until the ridiculous ticket revenue agreement expires. No venue should be entitled to that much of the ticket revenue even if they are hosting the event. 

We need a button to click to show that we like that someone actually liked this post.

Silverjaw Minnow (Notropis buccatus).JPG

 

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1 hour ago, BobIwabuchiFan said:

Wait for the Rod tip to bend a little and then slowly turn the reel a half turn until you feel tension and then pull it back hard...there, you just caught a Darell!

catching sunnies can be fun but after a while it can get to be more work than they are worth.

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