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Post by Bornthrilla on Aug 19, 2019 22:42:24 GMT -5
What have we gained exactly?
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bluehaze
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Post by bluehaze on Aug 20, 2019 6:08:42 GMT -5
$1.5 million that we didn't have before, that was used to renovate the track and in turn allowed us to host the AAU Junior Olympics and host 13k potential student athletes.
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Post by Bornthrilla on Aug 20, 2019 7:29:39 GMT -5
When did we renovate the track? Did I miss something?
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aggie2039
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Post by aggie2039 on Aug 20, 2019 7:48:29 GMT -5
No you didn’t, hasn’t happened yet.
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Post by Bornthrilla on Aug 20, 2019 7:56:55 GMT -5
So once again, we brokered a naming rights deal with BB&T almost one year ago today. And what exactly have we gained from that deal thus far?
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bluehaze
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Post by bluehaze on Aug 20, 2019 7:59:47 GMT -5
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Post by Aggie Monster on Aug 20, 2019 8:06:24 GMT -5
AAU was booked 2 years ago. And the AAU and USATF come to greensboro every few years anyway. I wouldn't put that on the list of stuff we got with that money. I guess Money is money and its spread all around I would assume. I know one thing. Let Cohen and Parker get to the their 2nd contracts and A&T football program will probably come waaaay up. Cohen loves his school!
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A&T-roy
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Post by A&T-roy on Aug 20, 2019 8:27:08 GMT -5
I expect Hilton can answer this question. Anything else is just conjecture.
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Post by Bornthrilla on Aug 20, 2019 8:39:58 GMT -5
We just handed over one of our biggest brand/marketing assets to a major corporation. At what point should we expect to see some deliverables from that deal?
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oleschoolaggie
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Post by oleschoolaggie on Aug 20, 2019 8:46:21 GMT -5
i heard rumors that much of the proceeds would go toward the cost of installing a new track. but thrilla is correct, based on the national aau track meet footage that i saw, clearly a new track has not been installed yet. i'm anxiously waiting for that to happen because it will further enhance the wonderful recruiting that coach ross is doing...
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Post by Aggie One on Aug 20, 2019 9:00:13 GMT -5
Installation was delayed last year because of the extensive late offseason track schedule and contract/permit issues. The new track surface is scheduled to be installed right after the end of this football season/Thanksgiving holiday. Projected time line - 2-4 weeks to install.
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Post by durhamgsoaggie on Aug 20, 2019 9:07:54 GMT -5
Installation was delayed last year because of the extensive late offseason track schedule and contract/permit issues. The new track surface is scheduled to be installed right after the end of this football season/Thanksgiving holiday. Projected time line - 2-4 weeks to install. You also have a relationship with a major bank that you can't quantify in terms of future financing.
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Post by Aggie One on Aug 20, 2019 9:08:37 GMT -5
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Post by Bornthrilla on Aug 20, 2019 9:19:56 GMT -5
Installation was delayed last year because of the extensive late offseason track schedule and contract/permit issues. The new track surface is scheduled to be installed right after the end of this football season/Thanksgiving holiday. Projected time line - 2-4 weeks to install. You also have a relationship with a major bank that you can't quantify in terms of future financing. Was that an implied term of the agreement, or just a hopeful pipe dream? Just because BB&T is a bank does not mean they necessarily have to give us any sweetheart deals with financing. This could strictly be a marketing agreement.
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aw8
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Post by aw8 on Aug 20, 2019 9:39:29 GMT -5
What was gained?
*$1.5 million dollars annually throughout the duration of the contract *Relationship with a major bank that just become the worlds # 6 largest bank
Not speaking of what I heard but from what I know! My wife is the current VP of Marketing for BB&T.
The question of what is happening with the 1.5 million should be directed at Mr. Martin & Mr. Hilton
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