I am excited about our donation for baseball, shocked by UH

[ucf_71127]

I'm shocked that I just heard that Houston just received a $20 mil donation!! "
Big 12 boost? University of Houston gets $20 million donation to help improve facilities"
http://sportsday.dallasnews.com/col...ets-20-million-donation-help-boost-facilities

 

[Flem3000]

Houston has that old oil money.... Their indoor facilities cost $70 million 20 years ago.

 

[CBlackwellRN]

Must be nice...

 

[C-MontCityKnight2]

All that $$ yet they still don't even own the Houston TX market. They are a lot like SMU...access to some serious cash, but it just doesn't matter!

 

[KNIGHTTIME^]

There is a lot of oil money

 

[firm_bizzle]

We need oil. #drillbabydrill

 

[jetsaholic]

#BanOil

 

[UCFProf]

If oil prices remain below $50 any longer, it will be curtains for those Texas billionaires. The Big 12 has 8 of its 10 members located in oil dependent states. That's what comes from remaining so regionally concentrated! Kansas is bankrupt and Oklahoma is really hurting bad.

 

[SublimeKnight]

There is a lot of oil money

Actually the donation came from the CEO of Landry's (restaurant company: Landry's Seafood, Rainforest cafe, bubba gump shrimp... pretty much every over-the-top themed chain restaurant)

 

[HammerB08]

Speaking of shocking donations/facilities:



http://www.espn.com/blog/pac12/post...pens-marcus-mariota-sports-performance-center

 

[Knight_Light]

I'm shocked that I just heard that Houston just received a $20 mil donation!! "
Big 12 boost? University of Houston gets $20 million donation to help improve facilities"
http://sportsday.dallasnews.com/col...ets-20-million-donation-help-boost-facilities

When you are worth approx $3 Billion, whats a tax deductible donation of $20 Million?

It's a nice donation...as it represents approx 1/2 of 1% of his wealth.

 

[ucf_71127]

So you're saying, if he invested $1 billion (33% of money) and gets 10% returns this year that he could have made $100 million?! That's just stupid rich!