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If a date that was in the media rights agreement has already passed, I don't see how you can get passed a 2/3rd vote to make the extension to 2027 valid....
Do we in fact know that the 2/3 approval was not obtained? I think evidence of that approval would be included in board minutes and not in this contract. Hopefully we have seen that this evidence does not exist.Phillips attempt to grant ESPN an extended option to 2/25 was executed in the form of AN AMENDMENT ... as stated in the letter. As per ACC bylaws all amendments to media agreements require 2/3rds member approval and that was not obtained by Phillips. To the contrary, he kept the fact of ESPN's failure to execute the original option and the new one he attempted to grant, a secret. The ACC leadership has been attempting to lure ACC members into believing that there WAS a valid ESPN media deal through 2036 and the ACC needed the extended GOR to match. Turns out it is actually the other way around. NOW the only way to get an extension beyond 6/30/27, is for a new AMENDMENT to be structured ... most likely with a new media deal and GOR requiring 2/3rds member approval.
Lock thread.feel like every 5pages we need to say… i just hope UM knows what theyre doing and we better end up in big2
I believe that has been fairly proven [that 2/3 DID NOT approve] unless Phillips is using the, "...ya'll gave me authority to act on your behalf in memorandum blah, blah, blah..."?Do we in fact know that the 2/3 approval was not obtained? I think evidence of that approval would be included in board minutes and not in this contract. Hopefully we have seen that this evidence does not exist.
I come in this thread sporadically. So where we’re at now is that an improper extension (need 2/3 of members and didn’t bring it to the members) was done with ESPN and then the GOR was done on some false basis???Phillips attempt to grant ESPN an extended option to 2/25 was executed in the form of AN AMENDMENT ... as stated in the letter. As per ACC bylaws all amendments to media agreements require 2/3rds member approval and that was not obtained by Phillips. To the contrary, he kept the fact of ESPN's failure to execute the original option and the new one he attempted to grant, a secret. The ACC leadership has been attempting to lure ACC members into believing that there WAS a valid ESPN media deal through 2036 and the ACC needed the extended GOR to match. Turns out it is actually the other way around. NOW the only way to get an extension beyond 6/30/27, is for a new AMENDMENT to be structured ... most likely with a new media deal and GOR requiring 2/3rds member approval.
Phillips attempt to grant ESPN an extended option to 2/25 was executed in the form of AN AMENDMENT ... as stated in the letter. As per ACC bylaws all amendments to media agreements require 2/3rds member approval and that was not obtained by Phillips. To the contrary, he kept the fact of ESPN's failure to execute the original option and the new one he attempted to grant, a secret. The ACC leadership has been attempting to lure ACC members into believing that there WAS a valid ESPN media deal through 2036 and the ACC needed the extended GOR to match. Turns out it is actually the other way around. NOW the only way to get an extension beyond 6/30/27, is for a new AMENDMENT to be structured ... most likely with a new media deal and GOR requiring 2/3rds member approval.
Going to take a judge to rule at some point but at the moment it appears that two major aspects are:I come in this thread sporadically. So where we’re at now is that an improper extension (need 2/3 of members and didn’t bring it to the members) was done with ESPN and then the GOR was done on some false basis???
I believe that has been fairly proven [that 2/3 DID NOT approve] unless Phillips is using the, "...ya'll gave me authority to act on your behalf in memorandum blah, blah, blah..."?
Another issue that isn't really being discussed that much is how much incentive / interest does ESPN really have in continuing the ACCN at this point, with the huge focus that both the SEC and Big 10 are making in INCREASING the P2 media exposure via ramped up control of prime viewing windows?And that is why ESPN is gonna push for a settlement, they don’t wanna be dragged through the mud with Phillips and Swofford if litigation continues in court
Not just that ... the LETTER itself is titled AMENDMENT TO ..... it is an amendment which by bylaws requires a 2/3rds vote.ACC incorrectly assumed that they could give notice after Phillips signed the extension, when as has been stated they need a 2/3 vote to authorize Phillips to execute such doc
Thank you for your explanation. Much appreciated.Going to take a judge to rule at some point but at the moment it appears that two major aspects are:
1. The GOR that was signed by members references a SPECIFIC ESPN media agreement including specific AMENDMENTS.
2. The option to extend, from 2027 to 2036, granted by Phillips in August 2021 is a NEW AMENDMENT to the ESPN media agreement (so stated
in the document itself) and any amendment requires 2/3rds member approval, it is NOT referenced in the GOR signed by members and it was
NOT approved by ACC members, therefore it is a non-binding document.
Clemson agrees that the GOR is binding ... for what the GOR covers ... a media agreement that expires on 6/30/27, and FSU agrees.
If he acted outside of the ACC requirements he may have personal civil liability to ESPN as he would have entered into an amendment for which did not have authority to do. I believe he is the one on the hook to ESPN and that would be ugly.Should Phillips be held criminally liable for basically fraud?
LOVING your use of ALL CAPS here.He’s wrong RIGHT? Phillips graciously “EXTENDED” in time?
Tune in regularly to the @Rickd weekly updatesThank you for your explanation. Much appreciated.
We need you to get and stay focused here.I come in this thread sporadically. So where we’re at now is that an improper extension (need 2/3 of members and didn’t bring it to the members) was done with ESPN and then the GOR was done on some false basis???
https://www.nbcnews.com/news/us-new...-include-suits-ex-quarterback-first-rcna96044If he acted outside of the ACC requirements he may have personal civil liability to ESPN as he would have entered into an amendment for which did not have authority to do. I believe he is the one on the hook to ESPN and that would be ugly.
So from Rohan reading it all, about 85% redacted, the 2 amendments to the contract have the contract through 27, 26 season. ESPN can opt in to 36, but needs a 2/3rds approval vote by members. He doesn't think this ends before 8-15, but a settlement soon after. 1 more ACC season.