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Aggies challenge Kyle Field re-seating process in court - The Eagle: News

Aggies challenge Kyle Field re-seating process in court

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Posted: Tuesday, July 23, 2013 12:00 am

Several longtime Texas A&M football ticket holders could lose their seats because of Kyle Field redevelopment plans, lawyers who have filed suit to stop the re-seating process say.

The lawyers suing the Texas A&M 12th Man Foundation will hold a press conference in downtown Houston on Tuesday to explain their view of the lawsuit and field questions.

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76 comments:

  • hotdog posted at 12:13 pm on Sat, Jul 27, 2013.

    hotdog Posts: 712

    The donations should be taxable as something is being purchased and it is in the amount of the $$$ spent. IRS might find interest in the 12th Man foundation as it is selling seats, not collecting donations. Nice bounty if reported and found to be tax evasion.[beam]

     
  • hotdog posted at 12:09 pm on Sat, Jul 27, 2013.

    hotdog Posts: 712

    Yes and you will never understand.[wink]

     
  • hotdog posted at 12:05 pm on Sat, Jul 27, 2013.

    hotdog Posts: 712

    I had a friend who was a full professor at the big school and I bought his seats about 10 years ago that he got as a professor. About 35 yard line under the overhang lower deck. The f remark really hurt me deep, I probably have as much education as you and make 5+ times your salary but now I am all depressed cause you got the best of me. Sticks and stones is for kids.

     
  • Flyrancher posted at 7:49 am on Thu, Jul 25, 2013.

    Flyrancher Posts: 1

    I am not as knowledgeable as other posters, but I believe others are missing the most important point in this whole episode. That point is that the 12th Man Foundation has shown itself to be willing to change/revise the rules of engagement with their donors as often and as much as they see fit with no regard for its overall, long term implications. I believe that overall giving based on numbers of donors to A&M athletics will be drastically reduced in future years with an accompanying negative change to the west stands fan makeup and loyalty to the university and the team. This may not concern others, but is a prime concern to me. The maintenance of Aggie spirit and it's manifestations are much more important to me than a new stadium which seats more people than the tu stadium. When the 12th Man Foundation embraces the richest donors and high dollar business donors at the expense of the little guy with limited resources it changes the environment in our sports venues in a way which is not positive.

     
  • prairiegirl posted at 7:57 am on Wed, Jul 24, 2013.

    prairiegirl Posts: 564

    Oh please! Somebody call the Wambulance! Why don't you form a group and call it 'Whiners Unite'? Lol!

     
  • because posted at 8:35 pm on Tue, Jul 23, 2013.

    because Posts: 314

    ....and an Aggie doesn't whine like a little crybaby....

     
  • because posted at 7:55 pm on Tue, Jul 23, 2013.

    because Posts: 314

    The University had to survive a 15%-2% cut of its budget, and at the same time a 5% increas of students.
    Buildings are moldy, dirty and start to have serious structural problem, due to lack of proper maintenance.
    There hasn't been a meaningful raise since five years.
    And you crybabies are whining about loosing your stupid seats, in a stadium you all were so eager to build (I guess with othere people's money as it seems now).

    You are disgusting me!

     
  • obasfirst posted at 5:38 pm on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    According to the Annual Report, the Texas A&M Foundation received 115.3 million, and the 12th man foundation received almost 21 million. I don't call that "dwarfed".

     
  • obasfirst posted at 4:43 pm on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    Yes, you are forced to make a "donation". Can you get a seat without making these "donations"? NO

    Actually, you said it yourself: "First is a requirement for a capital gift."
    Maybe your definition of requirement is different than mine.
    Here is what the dictionary has to say: http://www.thefreedictionary.com/requirement

    Why are seat licenses tax deductible again? They are being used to build a new stadium? Nothing is going to charity.

     
  • SDW posted at 4:39 pm on Tue, Jul 23, 2013.

    SDW Posts: 276

    "An Aggie does not lie, cheat or steal or tolerate those who do."
    I've read this somewhere before. Just can't remember.

     
  • obasfirst posted at 4:30 pm on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    ah, what a surprise, the donor decides reply; deja vu

    yes they can decide whatever they want and yes it's their money. Did I ever say anything to the contrary? (lack of reading skills again)

    Your little "fact" is meaningless (and misleading).
    Suppose:
    100 entities (1 of them is athletics)
    Total donor amount: $10 million,
    Athletics: $1 million
    other 99 entities: $0.09 million each

    Sabio's response: wow most of the money is NOT going to Athletics.
    Normal person's response: wow ,athletics gets 11 times as much as any other entity.


     
  • obasfirst posted at 4:15 pm on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    you really have severe reading comprehension problems. Where did I say Kyle Field? I said athletics department in general. You are always so eager to reply.

    Having said that:
    http://www.tamus.edu/offices/budget-acct/acct/costs/facilities/
    Look at chart IV, for some of the expenditures allowed as F&A costs

    Costs already made by TAMUS for the new stadium (e.g. planning and such) are partly paid for by .....?

    You really think that no more money will be somehow funneled through Kyle Field directly or indirectly??? Very sad.

    Weren't you the one who said it was not decided if student fees would be used for funding Kyle Field when everybody else already knew this would be the case?

     
  • Aggieprof posted at 3:00 pm on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    You think Ags are in anyway better than other people, not in my experience....

     
  • Aggieprof posted at 2:59 pm on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    BTW: I never went to a benefit concert, in which I had to "donate" more money to get a better seat. I went to benefit concerts for which different seats had different prices. But I did of course not deduct the ticket from my taxes.

     
  • Aggieprof posted at 2:55 pm on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    A benefit concert is done for a charitable cause.

    A football game is an entertainment and the "donations" of the seat holders go into scholarships of athletes, i.e. to finance the breading ground for
    pro football teams and other sports, hardly a charitable cause.

     
  • aggierose posted at 2:53 pm on Tue, Jul 23, 2013.

    aggierose Posts: 21

    Aggies suing Aggies. Shameful!

     
  • Sabio posted at 2:20 pm on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    No, I read it. He's just wrong. And you are too.

    No one is "forced" to make a gift to get better seats at a football game any more than someone is "forced" to make a gift to get better seats at a benefit concert, or a charity ball.

    It is NOT tax fraud. That was his assertion. YOU just don't understand.

     
  • Sabio posted at 2:17 pm on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    obasfirst, to begin with, the DONOR decides where the money goes. It's NONE of your business where THEY decide to GIVE THEIR MONEY!

    And the fact remains. Giving to athletics is dwarfed by giving to academics. Simple fact.

     
  • Sabio posted at 2:16 pm on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    When I make a mistake, I own up to it. Wish everyone did.

     
  • Sabio posted at 2:15 pm on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Absolute lie. No overhead from research will or CAN go to Kyle Field. Mercy. Is that really the best argument you have? A bald face lie?

     
  • Aggieprof posted at 12:47 pm on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    I am not whining, it's actually funny to watch how our "Old Ags" here are getting in arms about a triviality compared to the real problems at A&M...

     
  • gsterzing posted at 12:37 pm on Tue, Jul 23, 2013.

    gsterzing Posts: 7

    Hey teassip! you have enough problems--leave us alone--or let us talk about your over-fed, over-paid coaches--if that is what you call them.

    by the way, how is that longhorn network working for you?

     
  • gsterzing posted at 12:32 pm on Tue, Jul 23, 2013.

    gsterzing Posts: 7

    Endowed members are not the only long-time ticket holders who are unhappy!

    It seems as if as soon as they rid themselves of Aggies & imported new people they forgot all the Aggie ways of doing things. When Miles Marks )was there all members were informed of what was going on--now it seems a small group of very wealthy committee members made all the decisions, threw out what had been decided, delayed the work for a whole year, and it went from a small do-over on the west side of Kyle Field to a half-billion dollar very extravagant project. We say let the committee pay for all this--it's their "baby" and no one else had any say so they should be the ones to "foot the bill"!

    We have seats on the West side which we've had for almost 30 years which are disappearing and we don't know what we'll wind up with -- if ANYTHING!

    We wish Mr Wade (a REAL AGGIE) and his clients the BEST OF LUCK!

    The 12th Man Foundation have not kept their word on many items.

    GIG 'EM

     
  • obasfirst posted at 12:27 pm on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    I guess you didn't read his comment carefully or just don't understand.

    He states clearly that people are forced to "donate" money for better seating.

    Why not have a fixed (non tax deductible) price for the ticket?

    We all know that parts are tax deductible and which ones are not. So you little "tax law" explanation is useless.


     
  • aggierose posted at 11:52 am on Tue, Jul 23, 2013.

    aggierose Posts: 21

    Whiner.

     
  • Darren Benson posted at 10:30 am on Tue, Jul 23, 2013.

    Darren Benson Posts: 36 Staff

    Agnerd, you make a good point. I've updated that part of the story to better reflect the point Allen was making.

     
  • Aggieprof posted at 10:27 am on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    The lie is that Professor would get the "best seats".
    This is what Hotdog claimed.

     
  • obasfirst posted at 10:21 am on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    ah, back to that nonsense again. It's all relative.
    Comparing donations to the WHOLE university with to donation to a very small entity like the athletics department .


     
  • obasfirst posted at 10:10 am on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    I'm sure some overhead from research grants will find it's way to the Athletics department.

     
  • obasfirst posted at 10:04 am on Tue, Jul 23, 2013.

    obasfirst Posts: 636

    what is the lie here?
    Making stuff up again?

     
  • agnerd posted at 9:55 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    I provided feedback that I wanted to be able to sit in the stadium for decent price. The top of the endzones meet my needs. If they had increased the prices too much, I would've just watched from home, not sued the foundation.

     
  • agnerd posted at 9:53 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    Or William Wade will be sitting in your seats after they lose and have to forfeit them to him as payment. Either way, they lawyers win.

     
  • FromAfar posted at 9:53 am on Tue, Jul 23, 2013.

    FromAfar Posts: 458

    Only donations to the 12th Man Foundation, which supports athletics, count. Even donations to the band don't count. See

    http://www.12thmanfoundation.com/general-information/faqs.aspx

     
  • agnerd posted at 9:51 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    If there's a contract guaranteeing Lot A Parking, those people should sue and they will win. I'd wager a guess that the contract probably guaranteed them a spot but doesn't specify location just like the seating contract. The endowed donors do not have a contract that guarantees the location of their seats, so I hope they lose. If you didn't buy it, you don't own it.

     
  • amhasotherneeds posted at 9:44 am on Tue, Jul 23, 2013.

    amhasotherneeds Posts: 8

    While you guys are hackling about how to pay for your stupid
    500,000,000 stadium, the rest of A&M falls apart:

    https://dl.dropboxusercontent.com/u/67833439/Photo-0053.jpg

    (The black stuff is mold, the yellow/brown stuff is, yes you guessed it correctly...)

     
  • agnerd posted at 9:42 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    Miller supplies its employees with free cases of beer to take home every pay day. My company allows free use of all their software licenses for my personal use and profit after working hours. My brother gets free use of his comany's box truck on the weekends to haul anything he needs to. How is this any different? Just a normal job perk if you ask me.

     
  • FromAfar posted at 9:42 am on Tue, Jul 23, 2013.

    FromAfar Posts: 458

    Good lord! The unwise one actually made a truthful admission!

     
  • agnerd posted at 9:37 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    I try not to criticize how others make charitable contributions. These endowments were made specifically to the athletics department for athletics scholarships through teh 12th Man Foundation. All scholarship, professorship, educational, and academic scholarships are completely seperate and unrelated.

    "After all, what is the purpose of giving to Texas A&M if you are only doing so to get football tickets?"

    Giving to A&M in general won't get you football tickets. Giving a very large amount to the ATHLETICS department will allow you to BUY tickets in a better location. Hope I cleared up some of the confusion.

     
  • agnerd posted at 9:29 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    Ok, let's say they lose. What are the damages? The monetary value of their donation is $2121 per year. The foundation offered them a $2000 per year credit.

    If someone totals your 10-year-old F150, they're responsible for paying the current value of that track, not the value of a brand new vehicle. Works the same way with football seats.

     
  • agnerd posted at 9:17 am on Tue, Jul 23, 2013.

    agnerd Posts: 642

    I'm pretty sure the donors weren't sitting in their second deck seats to watch Oklahoma beat A&M 77-0 in NORMAN, OK.

     
  • grumpyhome posted at 9:12 am on Tue, Jul 23, 2013.

    grumpyhome Posts: 19

    Yes, I realize it's their money and they can do whatever they want.

    But have these people thought about making donations for academic scholarships so that more students can get a college degree?

    I just don't understand why some people seem to think that universities are all about sports.

     
  • Qatoz posted at 8:10 am on Tue, Jul 23, 2013.

    Qatoz Posts: 1

    I'm curious about the definition of "endowed donors." Are these endowments to Texas A&M University for scholarships, professorships, educational and/or research programs, etc.? Or, were the endowments (definition: to furnish with an income) tied only and directly to the purchase of the tickets? I think Aggieprof has a good point on the term "donor" - "An act or instance of presenting something as a gift, grant, or contribution."

    After all, what is the purpose of giving to Texas A&M if you are only doing so to get football tickets? What does that say about Texas A&M alumni and the word "Aggie" in general? I know that I am speaking out of aggravation at this moment, but it seems to me that the Aggie Honor Code - “An Aggie does not lie, cheat or steal, or tolerate those who do" sets the bar of honor pretty low.

    As an Aggie, an American, and a civil human being, not lying, not cheating, and not stealing should be the very basic values in our honor code. Perhaps we should expand our thinking on this and consider what an Aggie *does* - not what an Aggie *does not.* How about:

    Aggies strive to improve the quality of lives around them.
    Aggies support the advancement of knowledge.
    Aggies seek solutions to global problems of hunger and poverty.

    Are there really so few better things on which we can focus our attention? Do Aggies really care more about what they can get from the system than what they can do as a member of a worldwide community?

    I'm not saying Aggie football isn't a fine tradition. It is. But seriously? If it comes down to funding research that saves lives, educating students who go on to do great things, sending forth intelligent world citizens who have great critical thinking skills...I'll give up my season tickets in a second.

     
  • Sabio posted at 8:05 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Stand corrected....the hotel tax will contribute.

     
  • Sabio posted at 8:04 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    No tax dollars will be spent on the Kyle Field project. Not one nickel.

    That said, those suing DO want someone else to pay for their seats.

     
  • Sabio posted at 8:04 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Actually, LOTS of people can afford to, and HAVE signed up for those seats. I get that you don't approve, but it's THEIR money, they can do what they want with it.

     
  • Sabio posted at 8:02 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Again, more absolute lies. Seriously, you need to stop making up stuff up.

     
  • Sabio posted at 8:01 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    How do you know they haven't contributed money, OR time?!?

    Your bitterness does not give you license to make up nonsense.

     
  • Aggieprof posted at 7:55 am on Tue, Jul 23, 2013.

    Aggieprof Posts: 137

    Hey Hotdog, please let me know where as a Professor of A&M I can get the "best seats", as you claim. I would love to to get them. Not that I am interested in football. But I would like resell the tickets, to compensate for the lack of raises over the past four years.

    Or are you holding a grudge, because some of these professors gave you too many Fs ???

     
  • BXrace posted at 7:53 am on Tue, Jul 23, 2013.

    BXrace Posts: 1

    Big $$

     
  • dogma posted at 7:40 am on Tue, Jul 23, 2013.

    dogma Posts: 86

    So, one must be well endowed to get perfered seating and parking with the new stadium.

     
  • Sabio posted at 7:08 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    OregonDucks, why shouldn't donors to the athletic program get priority seating over non-donors?

    For the record, and feel free to go look at the Annual Report of the Texas A&M Foundation and the 12th Man Foundation to confirm this, FAR more donations go to support academics than athletics. It's not really even close.

     
  • hotdog posted at 7:06 am on Tue, Jul 23, 2013.

    hotdog Posts: 712

    Where do you imagine the administrators and upper management for the 12th Man, Lettermen Associates and others who have not contributed in time or money will be seated? Hmmmmm, oh yeah it is a reward for their hard work, which they get paid well for doing.

     
  • Sabio posted at 7:05 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Aggieprof, don't know much about tax law do you! There are three components to a seat in the new stadium. First is a requirement for a capital gift. It is tax deductible irrespective of where the seat is. The equivalent is a charity ball where the more expensive tables are at the front, the less expensive tables are in the back. That is NOT tax fraud.

    The second component is the annual seat "license". It too is tax deductible, for the same reasons the capital gift is.

    The last component is the ticket. It is NOT tax deductible.

    I get that you hate athletics passionately, but quit lying about things which you know nothing.

     
  • Sabio posted at 7:05 am on Tue, Jul 23, 2013.

    Sabio Posts: 1500

    Aggieprof, don't know much about tax law do you! There are three components to a seat in the new stadium. First is a requirement for a capital gift. It is tax deductible irrespective of where the seat is. The equivalent is a charity ball where the more expensive tables are at the front, the less expensive tables are in the back. That is NOT tax fraud.

    The second component is the annual seat "license". It too is tax deductible, for the same reasons the capital gift is.

    The last component is the ticket. It is NOT tax deductible.

    I get that you hate athletics passionately, but quit lying about things which you know nothing.

     
  • hotdog posted at 6:48 am on Tue, Jul 23, 2013.

    hotdog Posts: 712

    Texas Aggie Lettermen were promised the option to buy 4 seats between the 40's on the second deck for the rest of their lives. That moved to the 13 yard line in the lower deck when it was found that the second deck seats could be sold. Then to the side endzone, then to the zone. The last two years as the 12th Man Foundation has taken over not all the former lettermen get options and are totally left out. So get used to it Aggies. Best seats go to Car Dealers, professors and friends with connections. Then lots of high dollar money folks and so on. Welcome to tu JR. university, we have become what we all disliked about being a teasip. I will watch and pull for my team on television.[sad]

     
  • oldarmy1980 posted at 11:21 pm on Mon, Jul 22, 2013.

    oldarmy1980 Posts: 3

    And cheering for the other team. [beam]

     
  • oldarmy1980 posted at 11:20 pm on Mon, Jul 22, 2013.

    oldarmy1980 Posts: 3

    I didn't vote for it. In fact, I wasn't ever given that opportunity. The current Endowed Member contributors number around 800, and currently control about 1,800 seats of what will be more than 102,000! I know these people contributed large amounts of money into a program when nobody knew who A&M was, and in most years weren't very successful on the field. To establish the 'new' policies that directly affect these 800 members, the 12TH Man Foundation 'consulted' approximately 30 Endowed Members. How did you get to be one of those 30? Who knows? I don't. The lawsuit is a loser because they have an option to get their original endowment money back if they don't want to play by the new rules. My point is that A&M has changed, and in my opinion, not for the better.

     
  • oldarmy1980 posted at 11:06 pm on Mon, Jul 22, 2013.

    oldarmy1980 Posts: 3

    There is a right way and a wrong way to handle this, and as has been typical of late, the 12TH Man Foundation has done it the wrong way. Go Google the article from last year in The Eagle about the snafu over Lot A parking promised to a long time Endowed Member. We are also Endowed. Go to www.kylefield.com and check out the 'pricing' for the best 'Club' seating which will essentially replace the current second deck. Who can justify or afford to 'contribute' $3,000 per seat per year for 5 years for a "Campaign Contribution" PLUS an additional $4,000 per seat for that same seat for an Annual Contribution for the term you hold the seat? That one seat will cost you $35,000 in the initial 5 years of the agreement. In my opinion, the West Side will turn into BIG Corp controlled seats with fans who probably won't be alumni, and thus could care less about the game being played. What's side is that the phone number to contact with questions on the cover letter mailed overnight to us this past week isn't even a working number! I can hear the Aggie Jokes now! Maybe Gov. Perry can step in and fix all of this? Good luck pandering to the at&t's of the country. They will be gone as fast as Johnny Football will be when he departs for greener pastures.

     
  • ftw posted at 9:13 pm on Mon, Jul 22, 2013.

    ftw Posts: 1245

    This is is starting the new stadium off with a bang. I hope it only gets better from here.

     
  • because posted at 8:42 pm on Mon, Jul 22, 2013.

    because Posts: 314

    Sounds like most of you "Old Ags" are real leechers, who want to get their new stadium to be paid for completely by tax money of others.

     
  • nn posted at 8:28 pm on Mon, Jul 22, 2013.

    nn Posts: 204

    Y'all are really nothing more than clueless and pitiful crybabies,.....
    When you all voted for the new $ 450,000,000.Did you want to have it
    for free? Don't you think that not only federal grants (via the hotel tax),
    faculty and staff (via less raises), and students (by additional fees) should pay for that stupid new stadium but also the people who profit most of it: YOU

     
  • RES GESTAE posted at 7:54 pm on Mon, Jul 22, 2013.

    RES GESTAE Posts: 138

    The Foundation lawyers will be sitting in your "$20,000.00 donation" seats next season.

     
  • rj posted at 7:46 pm on Mon, Jul 22, 2013.

    rj Posts: 153

    It simply amazes me that people pay major-league prices for minor-league entertainment.

    A fool and his money, indeed.

     
  • Veryoldaggie posted at 7:29 pm on Mon, Jul 22, 2013.

    Veryoldaggie Posts: 2

    I don't know about the rest of the season ticket holders, but I'm not happy. It will (or would) cost me $3,000 a year more to keep my same seat on the west side. I didn't endow a scholarship so I've got no standing. I also did complete a poll in which I said I'd be willing to pay more for a nice stadium. I just didn't plan on spending that much more. So I'll be moving on to lower digs.
    Now the faculty have got a real gripe, all being moved to the new South End Zone instead of their semi-box seats on the west side.

     
  • Aggieprof posted at 7:07 pm on Mon, Jul 22, 2013.

    Aggieprof Posts: 137

    Donation: "An act or instance of presenting something as a gift, grant, or contribution."

    It does not say:"n act or instance of presenting something as a gift, grant, or contribution, in return for getting a better seat".

    If the second definition applied we would call it a purchase and then it would not be tax deductible. A donor cannot have it both ways, on one hand deduct his "donations" from his taxes and then consider it as a purchase of certain seats.

    This would be a tax fraud.....

     
  • Doris Wellborn posted at 6:18 pm on Mon, Jul 22, 2013.

    Doris Wellborn Posts: 171

    Well said,

     
  • Doris Wellborn posted at 6:17 pm on Mon, Jul 22, 2013.

    Doris Wellborn Posts: 171

    A&M is not being sued. the 12th Man Foundation is being sued. They will probably lose.

     
  • posted at 5:18 pm on Mon, Jul 22, 2013.

    Posts:

    The University has no interest in having faculty renew their seats....this is all about getting new long term donors into the Westside seating...just as they used SEC "rules" to free up Eastside seating by taking the between the yard line seats away from many of the students. It is all about money...not football...it is about big donor, and squeezing whatever they can out of loyalists. So, let's let them. But, remember they are many other places to give your money in the future...maybe even to an academic department...they don't play football, but they produce winning students. My seats are history...no longer interested.

     
  • agnerd posted at 4:45 pm on Mon, Jul 22, 2013.

    agnerd Posts: 642

    I think it's fair to credit the donors with the value of their donation. Assume an average 10% return on the $20,000 donation over 30 years gives an annual value of $2121. I think it would be fair to give the donors $2121 dollars to spend towards their future season tickets each year until they finish their 30 years. If that means they get a better seat or get some of their money returned to them, great. If not, too bad. But that does seam fair.

     
  • nn posted at 4:27 pm on Mon, Jul 22, 2013.

    nn Posts: 204

    I agree, I hope due to the attention these seating problems get, the IRS will start looking into that ....

     
  • Aggieprof posted at 3:59 pm on Mon, Jul 22, 2013.

    Aggieprof Posts: 137

    The whole thing smells to be a tax fraud anyway:

    People are forced "donating" money in order to get better seating, they wouldn't get otherwise. So they pay a price for better seating. Why this should be a tax deductible donation is beyond me.

     
  • Sabio posted at 3:30 pm on Mon, Jul 22, 2013.

    Sabio Posts: 1500

    Yep, exactly correct. Also not mentioned in the article is that the current seats these people are suing to keep are disappearing. The west side of the stadium will be completely torn down. So they're suing to keep seats that won't exist.

     
  • BCSMommaCAT posted at 3:08 pm on Mon, Jul 22, 2013.

    BCSMommaCAT Posts: 2

    Hmmm.. by equivalent I meant "to the previous seat" rather than "to the value of the previous seat"... So yeah, I can see that "cheapening" the seating could be an issue.
    They need to use their brains and keep the loyalty of contributors.

     
  • agnerd posted at 2:43 pm on Mon, Jul 22, 2013.

    agnerd Posts: 642

    I believe that is exactly what they're doing. However, since all seats are getting more expensive, a seat of the same value will be in a worse location. Is it possible for A&M to be found guilty, but not owe any money if no monetary damages are incurred?

     
  • agnerd posted at 2:27 pm on Mon, Jul 22, 2013.

    agnerd Posts: 642

    The release says the Tulloses will have to pay an additional $30,000 plus an indeterminate additional amount to keep the seats they’ve had for nearly two decades.

    It's my understanding that their contract guarantees them a seat, but doesn't guarantee where that seat is located. They were offered seats, just not in the same location. I don't think they should get free access to the new club sections just because they're seats are located in a future club area.

     
  • BCSMommaCAT posted at 2:27 pm on Mon, Jul 22, 2013.

    BCSMommaCAT Posts: 2

    So. Seems to me the campus could do their renovations, then let the disgruntled endowment holders choose a new/equivalent seat to be endowed from any non-reserved seat....
    Seems like it'd be a win on all sides....

    Am I missing something?

     

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