- Joined
- Nov 17, 2011
- Messages
- 13,093
Yeah, he is very rich just not put a program on his back rich.He rich without that.
Yeah, he is very rich just not put a program on his back rich.He rich without that.
lol just bc she just graduated from law school doesn't mean she knows how to analyze this. you generally learn on the job following graduation not in school
Law School is very theoretical, would 100% agree with this.lol just bc she just graduated from law school doesn't mean she knows how to analyze this. you generally learn on the job following graduation not in school
Actually there are a ton of question surrounding this entire SPAC, and SPACs already have an opaque history as it is. I know one person that saw their deck, and another one just came forward on another Canes site and said just as much. It’s flimsy and relying on proprietary that isn’t explained sufficiently. Now there are legit answers to that but still it’s a red flag. Either way, then you still have the fact that there is no revenue. there are no co-investors in the project and lastly, they had 3 directors quit on them this past year. Then there are questions about the valuation in general.
Now all of that is neither here nor there for us Canes, what we really care about is can the man bring us into the forefront of CFB in the new age of NILs? Dude has come out swinging. Is all over social media making his presence felt, pledging 8 figures for NIL with life wallet(notice it says pledging and not contributing), talking about building a stadium for us, and buying an NFL team that isn’t even for sale. This is all happening and his deal hasn’t closed all the while being surrounded by questions. Now let’s go with the assumption you are correct and his idea, which on the surface is an excellent idea, is that good and he will be fine one way or another, SPAC or no SPAC. Well there is that one thing of no revenue. The SPAC doesn’t come through it will be a while til he is liquid from this idea. All of sudden there is a possibility checks don’t clear and then that ends up affecting the program.
I hope to God this is not the case but I can’t just sit here with a straight face and say it’s not possible. I just want to realistically present the full story as it has been reported in the business news world so others that may not know all of this can temper expectations. John Ruiz has a path to become the richest man in Florida but e isn’t there yet and it could affect the promises he is making at the moment. Of course we have others like the Mas brothers who are already at the table, so it’s not like we would be **** out of luck but in terms of Ruiz…
Name is based on Wu-tang member the RZA alter ego BobbyDigital, when I attended UM in 2000 the name was taken so I changed it up a bit. Once again I hope he comes through for us but Ive seen fans on multiple sites look to this guy like he is a sure thing/savior and he just isn't, YET. Ive always stayed, or at least I feel like I have, consistent in how I judge the program and other happenings around CFB as being objective. I wanted the info out there so people dont get rail roaded by it all. Small aside on the real estate stuff, but Id assume someone like JP Morgan just granted him a security based line of credit. That is how most wealthy people are buying houses, the rates are amazing on them. So lets talk about stuff outside the SPAC... Read this article and tell me that there haven't been red flags around this guy that could end up embarrassing the school and program, specifically what is alleged about the failed attempt at flipping the Homestead Sports Complex.First of all, let's get one thing straight. Every time I see your user name I giggle. What is that from?
So I actually agree with nearly everything you wrote. I just think you aren't giving credence to the concrete stuff I posted, and you're ignoring everything outside of the SPAC too (and to be fair, I haven't broached that stuff until now either).
My point on the SPAC is (which incorporates the potential red flags you mentioned above) that even if this thing is worth a lot less than the SPAC price, it's still FU money. If he's only makes 1/5th of what's being projected for his end from MSP, he'd still be worth over $4B just form it alone. A 4x billionaire that's obsessed with financially supporting Mario and the Canes in every possible way? Give me as much off that as you can. And again, his family has already donated millions to UM.
This isn't going to be a sudden rags to riches story. Besides his lucrative law firm which has won many multi-million dollar class actions (he claims to have been counsel to $20B worth of total settlements and had over 300 employees at his private firm once point) he co-owns Cigarette Racing with Lionhart Capital which makes million dollar speedboats, and Ruiz was already considered a billionaire by some when they made the acquisition. The dude also personally owns millions of dollars of powerboats, and he's owned many of them along the way for decades. So that tells us he's had money for a long time.
As you know, if you have money, you make a lot more money. Unless your an idiot. So he's been stacking chips for a long while.
He also has over $100M worth of personal real estate that we even know about, including a $49M home he just bought last year. So he was either able to pay cash for it, or a bank gave him a financial colonoscopy and agreed to finance it. Either way, it's a buy signal.
Again, this is all OUTSIDE of the SPAC deal.
There is more of course. Whether this guy is or will be worth $2B or $20B, the point is that we have a whale who is as determined to fund taking UM athletics to the next level. I think right now he could fund everything he's mentioned, without feeling it, except for the stadium. And to me, the facilities, staff, capital projects, NIL, etc are more important to us right now. But even the plan for the stadium was for him to contribute $125M or so IIRC. Which he will probably be able to do easily if he wants.
Programs dream of this. I can't even think of another case like this outside of Boone Pickens. So instead of just saying wow, thank you, we are all playing amateur forensic accountants and trying to poke holes in it and tear him down. When again, he's already donated millions so there is at least some proof of concept.
Just like when everyone made themselves miserable when we were landing Mario and Rad, and just like the insanity going on now while Mario is building a top staff, this fanbase seems just try their best to find ways to make themselves unhappy. They whine like little tweens and accuse their fellow posters of "puffery" or other idiotic accusations from lonely folks who live on here full-time it seems. It's like people here are just trying to project their failures, or that everyone is allergic to success. I'm not! .
Name is based on Wu-tang member the RZA alter ego BobbyDigital, when I attended UM in 2000 the name was taken so I changed it up a bit. Once again I hope he comes through for us but Ive seen fans on multiple sites look to this guy like he is a sure thing/savior and he just isn't, YET. Ive always stayed, or at least I feel like I have, consistent in how I judge the program and other happenings around CFB as being objective. I wanted the info out there so people dont get rail roaded by it all. Small aside on the real estate stuff, but Id assume someone like JP Morgan just granted him a security based line of credit. That is how most wealthy people are buying houses, the rates are amazing on them. So lets talk about stuff outside the SPAC... Read this article and tell me that there haven't been red flags around this guy that could end up embarrassing the school and program, specifically what is alleged about the failed attempt at flipping the Homestead Sports Complex.
Field of Nightmares
$500 from Radio Shack; $1250 from DependsWait until y’all hear about the NIL deal that he’s getting at the U
Shapiro didn't even own half a bodegaRuiz makes Shapiro look like a Bodega owner **** this dude bread long af......pause
Law school is a barrier to entry and nothing more. The vast majority of law professors would be profoundly useless at a firm in any industry. They don't have what it takes.Law School is very theoretical, would 100% agree with this.
Never was a 5 on Rivals, they trippin4 star? Already??!?!
He was always a four star on that site4 star? Already??!?!
Only if he goes to UM if not he's a jagCertainly no expert and I know linemans can be tough to project, but he sure looks elite to me, especially if he goes to Miami.
He comin!4 star? Already??!?!
The good news is they're playing The Pot again this tour.One of my absolute favorite songs in existence. Can’t wait to see them in a month.
The good news is they're playing The Pot again this tour.