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The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

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canesbaby said:
Agreed. Which is why it honestly makes sense that the decision makers are taking their time on the AD decision. That hire will have ramifications for years and maybe decades around there depending on whether they get it right or not. Putting multi 10s of millions of dollars on the line to just some guy is not the way that Lambert, Ruiz and the other whales fund this turnaround.
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Hopefully they have their #1 target (based on rumors) and waiting on some technicalities before announcement
 
Silentobserver said:
I've seen this floated around for the last few days (weeks?) from different people especially after the story about Blake and Lambert.

Out of curiosity, what would meet the criteria for "thinking big"? What else - reasonably speaking for instance ce on campus stadium is a no go - would be needed for the program besides personnel (the right personnel) that would meet this threshold of thinking big and appeasing this rabid fan base?

I dont have an answer but am curious to see what many of you here have in mind.
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Just copy what bama, Georgia, and Clemson do financially when it comes to coaches, recruiting, and perks for players.

I think taking initiative on the new NIL deals and setting up a sustainable blue print would be very smart and attract recruits

Finally purge the athletic department of the incompetent from analyst to coaches and everything in between. Pay top $ to build it back up.
 
Trescerocinco said:
Does the Miami Hurricanes athletic department have the financial support to compete at the top level of college football?

There has been some chatter in UM circles about a potential deep pocketed booster, John Ruiz, having the means to come to the forefront and help provide financial support to the UM athletic department in the future.

According to Forbes.com, Ruiz, who is an attorney, entrepreneur, and founder of a firm called MSP Recovery that is set to be worth ‘over $20 billion’ thanks to a recent acquisition by Lionheart Acquisition Corp. II that plans to take the company public.

That net worth would make Ruiz, the son of Cuban immigrants, one of the wealthiest residents in the state of Florida.

Ruiz’s business model is primarily based on an algorithm that identifies medical claims that are paid by government-funded healthcare programs where it believes another insurer like an auto policy or worker’s compensation is actually responsible.

MSP then seeks to collect the full billed amount—there’s usually a huge difference between what the government paid and what the healthcare system asked for.

Ruiz was quoted in Forbes as saying: “The government ends up paying bills that it should not pay for because there is no system to identify who should be the proper payer. That’s what we've revolutionized in America.”

According to Forbes, MSP is operating under the assumption that 11%—or around $177 billion—of the $1.6 trillion spent on Medicare and Medicaid each year is actually related to accidents, fraud and misconduct, which means that somebody else should have paid the bill.

InsideTheU.com was recently able to briefly speak with Ruiz and wanted to pass along some notes from the conversation on what his vision for the UM athletic department looks like…

• Ruiz and his family are die hard fans of Miami Hurricanes athletics. Ruiz graduated from UM in 1987. He is proud that his three children, Johnny, Cristy, and Alex are also Miami alums. All three children were involved with UM athletics as Johnny and Alex played for UM’s baseball program while Cristy was a member of UM’s dance team, the Sunsations. “We are a Miami Hurricanes family,” Ruiz said. “This school means so much to us.”


• Due to his financial success as a business man, Ruiz wants to give back to the school that means so much to his family. He is not ready to announce what that type of financial commitment would be, but he wants to make clear that he is ready to step up and support Miami’s athletic department “substantially” in the future. “My family is very fortunate to be in a good financial situation to provide meaningful help,” Ruiz said. “I hope my willingness to provide support will also spark a strong core of local businessmen that I know who may be motivated to join me.”

• Ruiz wanted to make it clear that he has nothing against former athletic director Blake James, calling him “a great man” and also noting “we have nothing but great things to say about the people that work at UM” that he does believe UM’s athletic department would benefit from modernizing their approach and implementing more business principles that take advantage of UM’s brand combined with the South Florida business potential. “In my opinion, you have to bring back the interest of the athletes,” Ruiz said. “Organizations have to be malleable and be willing to adapt with the times while also having a vision for what the future holds. Miami has the best brand in college athletics and I see so much potential there from my experience with creating companies that have a solid platform for marketing and an understanding of how to extract the power of marketing. That buzz and that swag is important. We need to excite people to back this program. Having a business mindset that brings innovation can change the entire playing field.”

• What vision does Ruiz ultimately have for the Miami Hurricanes football program? “I went to school during the 1980s and those UM teams were some of the greatest of all time,” Ruiz said. “I come from an era when Miami was a power to be reckoned with and I know it will take time to build, but with the right leadership from top to bottom, I think Miami has the potential to return the swag and success of the 1980s.”


• Does Ruiz have any opinions about what direction UM should go with the athletic director search and the impending decision on whether or not to retain football coach Manny Diaz? “I am supportive of what needs to be done and willing to back up the university substantially,” he said.


• Ruiz did confirm that he has a family connection to current Oregon coach Mario Cristobal. His wife’s family is related to Cristobal.

• At the end of the day, Ruiz wanted to make it clear that he is not trying to ruffle any feathers, understanding that this is the first time he and his family are planning to substantially give to the UM program. “I just want to make it clear that we are ready to help and the program can count on us on multiple levels,” Ruiz said. “We care about this university and this athletic program.”
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Schwing?

Yes. Schwing
 

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Silentobserver said:
I've seen this floated around for the last few days (weeks?) from different people especially after the story about Blake and Lambert.

Out of curiosity, what would meet the criteria for "thinking big"? What else - reasonably speaking for instance ce on campus stadium is a no go - would be needed for the program besides personnel (the right personnel) that would meet this threshold of thinking big and appeasing this rabid fan base?

I dont have an answer but am curious to see what many of you here have in mind.
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Hiring a guy like Jurich would be in line with the thinking big based on what he accomplished at UL. I'd think the eventual goal (not wish) of having an on campus (or close to campus) stadium is "thinking big". But you have to put in place "big thinkers" and financial backers for that to happen. It appears this is all in the offing if admin grows a pair.
 
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JayCane20 said:
Johnny Ruiz and Gino were close when he came to Miami. Gino recruited him. I doubt he’s set on making a change with Dimare.. probably more looking to hire a true hitting coach or something along those lines.

Baseball has been disappointing but I think 2022 is the make or break year for Gino. He let all of those guys walk this off-season to play his guys and sign more guys. He better win now. The roster looks depleted though.
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DiMare has fvkked a lot of kids over to play his guys even if he recruited you. Hence mass exodus of players.

Like you said, end 2022 will be interesting.
 
canesbaby said:
Having been directly part of a recent SPAC transaction that did actually close and go public, you are 100% correct. There are any number of things that could cause this to fall apart including something as simple as the SEC continuing with round after round of comments that never end.
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Of course, but the bottom line is he has an evolutionary business that has changed the game. Even if the SPAC merger goes bad he still has a multi-billion dollar asset with massive government contracts. It's not some Ponzi scheme that is going to zero tomorrow.

Whether he ends up being worth $10B, $20B or $30B in 2022, his net worth will continue to rise every year regardless of what he does with it. It's THAT much. He will be de-risked and will have a wealth preservation portfolio. With him going public, he sounds very, very committed to helping UM in a big way, regardless.

This isn't a drug deal on Key Biscayne. :)
 
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sweep8s said:
Anyone ever heard of an Activist Investor? If Ruiz & family want to donate and donate to a program that is successful, this guy needs to follow the activist investor playbook - use his money and means to demand accountability from the University/BoT.
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That is true for any share holder that owns a piece of a company.
 
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Silentobserver said:
I've seen this floated around for the last few days (weeks?) from different people especially after the story about Blake and Lambert.

Out of curiosity, what would meet the criteria for "thinking big"? What else - reasonably speaking for instance ce on campus stadium is a no go - would be needed for the program besides personnel (the right personnel) that would meet this threshold of thinking big and appeasing this rabid fan base?

I dont have an answer but am curious to see what many of you here have in mind.
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First step is thinking big on the head coach. That coach has hopefully been around the highest levels of college football. There are two candidates that immediately come to mind.

Ask what those programs needed to operate at the highest level (sports science, support staff, recruiting and assistant coach budget), set high goals and then start squeezing the boosters to make it happen.
 
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