00:00:00
Speaker 1: On Wednesdays.
00:00:00
Speaker 2: At this time, we talked sports and money with someone who is an expert on one of those things and a fan of the other, our friend Amy Wagner from Dean Dorton Private Wealth.
00:00:10
Speaker 1: She's a wealth advisor.
00:00:11
Speaker 2: To learn more about the Dean Dorton difference at Deandorton dot com.
00:00:14
Speaker 1: Amy High Hi.
00:00:16
Speaker 3: I would say I am an expert on any kind of sports when I'm watching it and I have big opinions on it, Like I feel like the Bengals should have probably called me on Sunday and I might have made a few different calls.
00:00:28
Speaker 1: I would have been okay with that.
00:00:29
Speaker 3: I think I am an expert, but I'm not, so I will leave that to you.
00:00:33
Speaker 2: You're all excited about Kentucky basketball again because they beat out.
00:00:36
Speaker 4: We did one good win. We needed that win.
00:00:39
Speaker 2: We must be nice. Must be nice. From where I sit, that sounds awesome.
00:00:43
Speaker 4: It's been a while since you've gotten to talk about it winning team. I understand that.
00:00:46
Speaker 2: Uh you know, I know you don't care. But I have the NBA Cup champion New York Knicks in my life.
00:00:51
Speaker 4: That's true.
00:00:52
Speaker 1: Yes, full disclosure.
00:00:54
Speaker 3: I used to call you and complain when you talked about the NBA.
00:00:57
Speaker 4: I guess I would think no one here cares about the NBA.
00:01:00
Speaker 3: And now I have a son who's sixteen, who actually, you know, all the collegiate players that we've watched for years, especially Kentucky, are now in the NBA, and I actually very much enjoy it. So I will publicly now say all of the time that I gave you a really hard time.
00:01:16
Speaker 4: Now I'm actually on bored. And I love when you talk.
00:01:17
Speaker 1: About we have Karl Anthony Towns.
00:01:19
Speaker 4: I love him, I know, I know. So there you go.
00:01:23
Speaker 2: All right, let's talk about And this was actually not the case in the NBA Cup games in Vegas because tickets were pretty cheap. But this is something you and I have talked about, and it's something that's really going to hit home for folks who want to go watch World Cup matches in the United States. But the increasing cost and this is never ending and I see no end in sight, but the increasing cost of being a sports fan and specifically attending.
00:01:47
Speaker 4: Games, well, I think you have to look at this in two ways.
00:01:50
Speaker 3: Right, there are professional sports, and then there are collegiate sports that are now professional supports, right, and so they are struggling with a new business model that they're not yet keeping up with, right. So we'll get to that in a moment, But let's start with the World Cup, right because North American World Cup, right, so there will be games, you know, Canada, Mexico, US are hosting, and then they release ticket prices and everyone's like, well, who can actually afford to go to it? So there are fans of an English football club who actually did the math and said, okay, if our team were to make it all the way through.
00:02:28
Speaker 4: It would cost us seven thousand.
00:02:31
Speaker 3: Dollars in tickets alone for one person to attend the World Cup from beginning to end, obviously exorbitant.
00:02:40
Speaker 4: You add travel costs, food, everything.
00:02:42
Speaker 3: Else on top of that, like sports are who can afford those things now? And so the response from FIFA, which I thought was interesting, was we will.
00:02:54
Speaker 4: Release some affordable tickets.
00:02:56
Speaker 3: There will be sixty dollars tickets available also, maybe a few hundred of those. It like comes back to Black Fridays of past where they're offering a two thousand inch TV for twenty two dollars and everyone lines up for days to get that and there's actually two of them, right, Like it's a little bit like that. It's like we're saying, we hear you, and we want to make these these games affordable for actual fans. And the only people who will have access to the more affordable tickets are those that those football clubs deem loyal fans.
00:03:38
Speaker 4: So you're not going to get on stub Hub and find them there.
00:03:41
Speaker 3: You know, you'll get them through your club, but there will be a very very small amount.
00:03:46
Speaker 4: Of those tickets that are affordable.
00:03:48
Speaker 3: And it's a shame. And you know, I think one thing you have to think about, too.
00:03:51
Speaker 5: Is the US is trying to grow interest in this sport here, and so if you're trying to get win people over to say come to this game, we think you're really going to enjoy this.
00:04:04
Speaker 3: By the way, it's two thousand dollars, you know. I mean, that's a tough style. So I think we'll see how this plays out. But when I think about inflation over the past few years, one of the biggest things that comes to mind is just sports. I mean, it was not that long ago that maybe tickets felt like a little bit of a stretch, but now they're almost unaffordable.
00:04:26
Speaker 2: Yeah, And I think you can apply that to entertainment as a whole. I guess what gets me is I'm driving down seventy five and there was a local professional sports franchise that was touting fee free tickets. If you buy tickets this week, no fees. Why don't you just get rid of the fee entirely right, you're telling me the fee isn't necessary. If I buy this one time a year, you're not going to give me the fee. But the rest of the time, well, that fee is really necessary.
00:04:52
Speaker 3: They're drawing attention to the fees that most people weren't paying.
00:04:55
Speaker 2: Attentions almost my thing, like, just just up front, tell me what the call is going to be, tell me what I'm going to have to pay.
00:05:02
Speaker 1: There was an app.
00:05:02
Speaker 2: I went to an NBA playoff game this past May, and we bought tickets pseudo last minute. It was nick Pacers, And I don't remember what the app was because my buddy got the tickets, but he's like, here's what they are. And what I loved about it was it had all the fees included a little bit easier to swallow.
00:05:19
Speaker 1: That's what bothers me.
00:05:20
Speaker 2: But it's also like you buy the tickets, it's the parking it's them. I mean it just I have a daughter and she and I go to Reds games, and I think Reds games are for the most part, reasonably affordable. I don't know how families afford do it. I don't know how families afford do NFL games. I don't have families afford do NBA games. Oh, families afford to do college football games.
00:05:39
Speaker 3: I was actually thinking about the Reds on my way to the studio today and the fact that you know, we all have memories growing up, precious memories going to Reds games with grandparents in our own parents. I know you've got beautiful stories and the memories of that.
00:05:54
Speaker 4: You've got one daughter.
00:05:55
Speaker 3: What if you had three or four and you were taking everyone to the game, and by the way, they wanted a hot dog, and they wanted ice cream, and they want a coke, right like then it becomes out of the realm of the way that all of us grew up going.
00:06:07
Speaker 4: And I think it's a shame.
00:06:08
Speaker 3: And you know, I mentioned collegiate sports, and I think that's also worth a mention here because over the past few years.
00:06:14
Speaker 4: Now that we have nil money in that space, we now have collegiate sports that are professional sports.
00:06:21
Speaker 3: And I don't know that the business structure has caught up yet with this new reality. And so and I think you know, here's just one case in Point So, Florida State recently redid their football stadium.
00:06:35
Speaker 4: There is a family that has been going.
00:06:37
Speaker 3: For generations to every game. They have season tickets, they all tailgate. Now they're saying, first of all, we can hardly even afford the parking anymore for the tailgate. As someone who has kids at the University of Kentucky, I can tell you that parking in a parking lot in Lexington on game day this year for Parents Weekend, you could not touch a parking spot for under two hundred dollars, especially parking spots.
00:07:03
Speaker 4: It is absolutely insanity.
00:07:05
Speaker 3: So these Florida State fans who have been fans for centuries are now saying, listen, like we cannot or for decades, we cannot even afford this anymore. Florida State recently redid their stadium. They got rid of twelve thousand seats. Do you want to guess what They replaced many of those seats with, uh, sweets, luxury boxes. Of course I'd money off of the luxury boxes. Then Moeggar and Amy Wagner are paying to be in the nosebleeds, right, and so this trend toward how can we finance a team that we're paying people for you know, I mean I was thinking about it earlier.
00:07:41
Speaker 4: You were talking about my UKYL Cap basketball team.
00:07:43
Speaker 2: Right.
00:07:44
Speaker 3: For the first time ever has part of the conversation been this is a twenty two million dollar roster that cannot win, you.
00:07:51
Speaker 4: Know, like it used to be when I was growing up.
00:07:54
Speaker 3: This is a team with two McDonald's, all Americans, and how are they not winning? You know, you would talk about their cidentials for college you from high school.
00:08:01
Speaker 4: You would not be talking about how.
00:08:03
Speaker 3: Much they're making to play college basketball. So, you know, these colleges have intense pressure to win, to be able to attract top athletes, to be able to attract top coaches. Now we've got this crazy Mirry go round of coaches coming and going and teams having to pay out tens of millions of dollars to coaches that they've let go. We just haven't figured this out, and the loser and all of this time and time again is.
00:08:27
Speaker 4: Really going to be the fan.
00:08:28
Speaker 2: Yeah, there's similar to the Florida State family you're talking about. I've read pieces, and not just here, but I've read pieces where folks are they're college football fans or they're college basketball fans of a certain school, and so they have to make a donation. The donation gives you the right to buy tickets. But if you want to buy tickets, and look, youc used to do this in the nineties. If you wanted basketball tickets, you had to buy football tickets. Now, you know, you have schools that are saying, well, if you want men's basketball tickets, we need you to buy some volleyball tickets and some women's basketball tickets and nothing again those programs. You want those programs to thrive, But like, hey, look, I just want to go to fifteen to eighteen men's college basketball games. Yeah, I don't want to have to pay for this other stuff that I'm not that interested in. And yet that's happening around the country.
00:09:11
Speaker 3: Yeah, and I think it's just becoming more and more difficult to support the teams that we love, and then it becomes I'm.
00:09:17
Speaker 4: Watching it from home.
00:09:18
Speaker 3: And if you want to bring everything full circle, now you have to have seventeen subscription services and It's funny because my husband the other day said, wait, there's games on Christmas Day, and I was like, well, obviously you don't listen to MONI we've been talking about. Yeah, we've been talking about which subscriptions you have to have in order to watch those particular games. So, yeah, it's getting more and more frustrating, you know, and then you throw in that we're Bengals fans even watch a team.
00:09:44
Speaker 4: That can you know, pull off a.
00:09:46
Speaker 3: Win, you know, in the best of circumstances, and you know, it's harder and harder than to sell us on you know, paying for parking and season tickets and things like that.
00:09:57
Speaker 1: One more story I want to ask you about.
00:09:59
Speaker 2: So I read in The Athletic this week that there's going to be this capital partnership with the Big Twelve, with Big Twelve schools that could funnel as much as thirty million dollars to each school. Now, as a UC fan that my ears perked up. I'm told this is different than private equity. So what is a capital partnership and what might this mean for me? A frustrated Bearcat fan, but a Bearcat fan.
00:10:22
Speaker 3: Nonetheless, this is private equity under another name.
00:10:26
Speaker 4: I want to be clear about that.
00:10:27
Speaker 3: The difference is initially private equity was striking these deals with these conferences, right, and so this is allowing each individual school to opt in to unleash or tap this capital that they would then be able to use. You know, a rose by any other name still a rose, right, It is still the same thing. The difference now is that each school can choose whether to opt it or not. And I think a lot of schools kind of came to the table with their conference and said, we have huge reservations about what this means when you have an investor putting this much money in expecting this amount of return.
00:11:04
Speaker 4: What kind of voice are they going to have and how we run this program? And so now the schools can individually choose to opt in. Here's my prediction.
00:11:12
Speaker 3: Okay, they will wait for one school to tiptoe in, They'll give it a few months, and then everyone will opt in at some point because listen, you know, with the latest settlement, each school is on the hook for what twenty and a half million dollars to pay into the ANIOL pot on back pay, they're having to pay these rosters, They're having to pay exorbitant coaches fees.
00:11:35
Speaker 4: And you know what I think.
00:11:36
Speaker 3: Also, one other piece of this is alumni tapped out. Yes, fatigue, fatigue, right, like when you're having to you're going back to the same till every time, time and again they're done. So this is a new source of income available to these teams.
00:11:56
Speaker 4: We don't know what kinds of strings will be attached. We don't know yet at what this looks like.
00:12:01
Speaker 3: This is brand new right in the sports space, private equity and collegiate sports space. So I can't even begin to predict what the outcome will be, except that I know that there's so much competition that someone will tiptoe in and everyone else will I think follow in short order.
00:12:16
Speaker 1: That that makes sense.
00:12:17
Speaker 2: Yeah, I've heard from donors at a few area schools here who are like done, like just and it doesn't help when the teams aren't winning to the degree that they would like.
00:12:28
Speaker 3: Yeah, well, you love your program, you have all you want to see them be successful, but at some point you're like, I also have grandkids, you.
00:12:35
Speaker 1: Know, or whatever.
00:12:36
Speaker 3: It is, like even the wealthiest families are doing legacy planning, right, so you know, when you look at a report throwing good money after bad.
00:12:45
Speaker 4: You know, at some point, I think for some families it starts to feel that way.
00:12:48
Speaker 2: Deandortonwealth dot Com. Amy Wagner, Wealth Advisor from Dean Dorton. Learn more about the Dean Dorton Difference. Awesome to have you. I uh, we're done for the year. Yeah, well this is my last Wednesday show year, So have a great Christmas, an awesome new year, and awesome to have you a part of our show here at the back aff at twenty twenty five.
00:13:06
Speaker 4: Always happy to be with you.
00:13:08
Speaker 1: Hi, Thank you so much.
00:13:09
Speaker 2: Amy Wagner, Deandortonwealth dot Com. I am going to try to answer the question of the off season for the Bengals. Richard Skinner is going to join us, and things are not going very well right now for our area professional football team. Zach Taylor today may have made it worse. We'll get to that coming up in about ten minutes on ESPN fifteen thirty, Cincinnati Sports Station
Speaker 1: On Wednesdays.
00:00:00
Speaker 2: At this time, we talked sports and money with someone who is an expert on one of those things and a fan of the other, our friend Amy Wagner from Dean Dorton Private Wealth.
00:00:10
Speaker 1: She's a wealth advisor.
00:00:11
Speaker 2: To learn more about the Dean Dorton difference at Deandorton dot com.
00:00:14
Speaker 1: Amy High Hi.
00:00:16
Speaker 3: I would say I am an expert on any kind of sports when I'm watching it and I have big opinions on it, Like I feel like the Bengals should have probably called me on Sunday and I might have made a few different calls.
00:00:28
Speaker 1: I would have been okay with that.
00:00:29
Speaker 3: I think I am an expert, but I'm not, so I will leave that to you.
00:00:33
Speaker 2: You're all excited about Kentucky basketball again because they beat out.
00:00:36
Speaker 4: We did one good win. We needed that win.
00:00:39
Speaker 2: We must be nice. Must be nice. From where I sit, that sounds awesome.
00:00:43
Speaker 4: It's been a while since you've gotten to talk about it winning team. I understand that.
00:00:46
Speaker 2: Uh you know, I know you don't care. But I have the NBA Cup champion New York Knicks in my life.
00:00:51
Speaker 4: That's true.
00:00:52
Speaker 1: Yes, full disclosure.
00:00:54
Speaker 3: I used to call you and complain when you talked about the NBA.
00:00:57
Speaker 4: I guess I would think no one here cares about the NBA.
00:01:00
Speaker 3: And now I have a son who's sixteen, who actually, you know, all the collegiate players that we've watched for years, especially Kentucky, are now in the NBA, and I actually very much enjoy it. So I will publicly now say all of the time that I gave you a really hard time.
00:01:16
Speaker 4: Now I'm actually on bored. And I love when you talk.
00:01:17
Speaker 1: About we have Karl Anthony Towns.
00:01:19
Speaker 4: I love him, I know, I know. So there you go.
00:01:23
Speaker 2: All right, let's talk about And this was actually not the case in the NBA Cup games in Vegas because tickets were pretty cheap. But this is something you and I have talked about, and it's something that's really going to hit home for folks who want to go watch World Cup matches in the United States. But the increasing cost and this is never ending and I see no end in sight, but the increasing cost of being a sports fan and specifically attending.
00:01:47
Speaker 4: Games, well, I think you have to look at this in two ways.
00:01:50
Speaker 3: Right, there are professional sports, and then there are collegiate sports that are now professional supports, right, and so they are struggling with a new business model that they're not yet keeping up with, right. So we'll get to that in a moment, But let's start with the World Cup, right because North American World Cup, right, so there will be games, you know, Canada, Mexico, US are hosting, and then they release ticket prices and everyone's like, well, who can actually afford to go to it? So there are fans of an English football club who actually did the math and said, okay, if our team were to make it all the way through.
00:02:28
Speaker 4: It would cost us seven thousand.
00:02:31
Speaker 3: Dollars in tickets alone for one person to attend the World Cup from beginning to end, obviously exorbitant.
00:02:40
Speaker 4: You add travel costs, food, everything.
00:02:42
Speaker 3: Else on top of that, like sports are who can afford those things now? And so the response from FIFA, which I thought was interesting, was we will.
00:02:54
Speaker 4: Release some affordable tickets.
00:02:56
Speaker 3: There will be sixty dollars tickets available also, maybe a few hundred of those. It like comes back to Black Fridays of past where they're offering a two thousand inch TV for twenty two dollars and everyone lines up for days to get that and there's actually two of them, right, Like it's a little bit like that. It's like we're saying, we hear you, and we want to make these these games affordable for actual fans. And the only people who will have access to the more affordable tickets are those that those football clubs deem loyal fans.
00:03:38
Speaker 4: So you're not going to get on stub Hub and find them there.
00:03:41
Speaker 3: You know, you'll get them through your club, but there will be a very very small amount.
00:03:46
Speaker 4: Of those tickets that are affordable.
00:03:48
Speaker 3: And it's a shame. And you know, I think one thing you have to think about, too.
00:03:51
Speaker 5: Is the US is trying to grow interest in this sport here, and so if you're trying to get win people over to say come to this game, we think you're really going to enjoy this.
00:04:04
Speaker 3: By the way, it's two thousand dollars, you know. I mean, that's a tough style. So I think we'll see how this plays out. But when I think about inflation over the past few years, one of the biggest things that comes to mind is just sports. I mean, it was not that long ago that maybe tickets felt like a little bit of a stretch, but now they're almost unaffordable.
00:04:26
Speaker 2: Yeah, And I think you can apply that to entertainment as a whole. I guess what gets me is I'm driving down seventy five and there was a local professional sports franchise that was touting fee free tickets. If you buy tickets this week, no fees. Why don't you just get rid of the fee entirely right, you're telling me the fee isn't necessary. If I buy this one time a year, you're not going to give me the fee. But the rest of the time, well, that fee is really necessary.
00:04:52
Speaker 3: They're drawing attention to the fees that most people weren't paying.
00:04:55
Speaker 2: Attentions almost my thing, like, just just up front, tell me what the call is going to be, tell me what I'm going to have to pay.
00:05:02
Speaker 1: There was an app.
00:05:02
Speaker 2: I went to an NBA playoff game this past May, and we bought tickets pseudo last minute. It was nick Pacers, And I don't remember what the app was because my buddy got the tickets, but he's like, here's what they are. And what I loved about it was it had all the fees included a little bit easier to swallow.
00:05:19
Speaker 1: That's what bothers me.
00:05:20
Speaker 2: But it's also like you buy the tickets, it's the parking it's them. I mean it just I have a daughter and she and I go to Reds games, and I think Reds games are for the most part, reasonably affordable. I don't know how families afford do it. I don't know how families afford do NFL games. I don't have families afford do NBA games. Oh, families afford to do college football games.
00:05:39
Speaker 3: I was actually thinking about the Reds on my way to the studio today and the fact that you know, we all have memories growing up, precious memories going to Reds games with grandparents in our own parents. I know you've got beautiful stories and the memories of that.
00:05:54
Speaker 4: You've got one daughter.
00:05:55
Speaker 3: What if you had three or four and you were taking everyone to the game, and by the way, they wanted a hot dog, and they wanted ice cream, and they want a coke, right like then it becomes out of the realm of the way that all of us grew up going.
00:06:07
Speaker 4: And I think it's a shame.
00:06:08
Speaker 3: And you know, I mentioned collegiate sports, and I think that's also worth a mention here because over the past few years.
00:06:14
Speaker 4: Now that we have nil money in that space, we now have collegiate sports that are professional sports.
00:06:21
Speaker 3: And I don't know that the business structure has caught up yet with this new reality. And so and I think you know, here's just one case in Point So, Florida State recently redid their football stadium.
00:06:35
Speaker 4: There is a family that has been going.
00:06:37
Speaker 3: For generations to every game. They have season tickets, they all tailgate. Now they're saying, first of all, we can hardly even afford the parking anymore for the tailgate. As someone who has kids at the University of Kentucky, I can tell you that parking in a parking lot in Lexington on game day this year for Parents Weekend, you could not touch a parking spot for under two hundred dollars, especially parking spots.
00:07:03
Speaker 4: It is absolutely insanity.
00:07:05
Speaker 3: So these Florida State fans who have been fans for centuries are now saying, listen, like we cannot or for decades, we cannot even afford this anymore. Florida State recently redid their stadium. They got rid of twelve thousand seats. Do you want to guess what They replaced many of those seats with, uh, sweets, luxury boxes. Of course I'd money off of the luxury boxes. Then Moeggar and Amy Wagner are paying to be in the nosebleeds, right, and so this trend toward how can we finance a team that we're paying people for you know, I mean I was thinking about it earlier.
00:07:41
Speaker 4: You were talking about my UKYL Cap basketball team.
00:07:43
Speaker 2: Right.
00:07:44
Speaker 3: For the first time ever has part of the conversation been this is a twenty two million dollar roster that cannot win, you.
00:07:51
Speaker 4: Know, like it used to be when I was growing up.
00:07:54
Speaker 3: This is a team with two McDonald's, all Americans, and how are they not winning? You know, you would talk about their cidentials for college you from high school.
00:08:01
Speaker 4: You would not be talking about how.
00:08:03
Speaker 3: Much they're making to play college basketball. So, you know, these colleges have intense pressure to win, to be able to attract top athletes, to be able to attract top coaches. Now we've got this crazy Mirry go round of coaches coming and going and teams having to pay out tens of millions of dollars to coaches that they've let go. We just haven't figured this out, and the loser and all of this time and time again is.
00:08:27
Speaker 4: Really going to be the fan.
00:08:28
Speaker 2: Yeah, there's similar to the Florida State family you're talking about. I've read pieces, and not just here, but I've read pieces where folks are they're college football fans or they're college basketball fans of a certain school, and so they have to make a donation. The donation gives you the right to buy tickets. But if you want to buy tickets, and look, youc used to do this in the nineties. If you wanted basketball tickets, you had to buy football tickets. Now, you know, you have schools that are saying, well, if you want men's basketball tickets, we need you to buy some volleyball tickets and some women's basketball tickets and nothing again those programs. You want those programs to thrive, But like, hey, look, I just want to go to fifteen to eighteen men's college basketball games. Yeah, I don't want to have to pay for this other stuff that I'm not that interested in. And yet that's happening around the country.
00:09:11
Speaker 3: Yeah, and I think it's just becoming more and more difficult to support the teams that we love, and then it becomes I'm.
00:09:17
Speaker 4: Watching it from home.
00:09:18
Speaker 3: And if you want to bring everything full circle, now you have to have seventeen subscription services and It's funny because my husband the other day said, wait, there's games on Christmas Day, and I was like, well, obviously you don't listen to MONI we've been talking about. Yeah, we've been talking about which subscriptions you have to have in order to watch those particular games. So, yeah, it's getting more and more frustrating, you know, and then you throw in that we're Bengals fans even watch a team.
00:09:44
Speaker 4: That can you know, pull off a.
00:09:46
Speaker 3: Win, you know, in the best of circumstances, and you know, it's harder and harder than to sell us on you know, paying for parking and season tickets and things like that.
00:09:57
Speaker 1: One more story I want to ask you about.
00:09:59
Speaker 2: So I read in The Athletic this week that there's going to be this capital partnership with the Big Twelve, with Big Twelve schools that could funnel as much as thirty million dollars to each school. Now, as a UC fan that my ears perked up. I'm told this is different than private equity. So what is a capital partnership and what might this mean for me? A frustrated Bearcat fan, but a Bearcat fan.
00:10:22
Speaker 3: Nonetheless, this is private equity under another name.
00:10:26
Speaker 4: I want to be clear about that.
00:10:27
Speaker 3: The difference is initially private equity was striking these deals with these conferences, right, and so this is allowing each individual school to opt in to unleash or tap this capital that they would then be able to use. You know, a rose by any other name still a rose, right, It is still the same thing. The difference now is that each school can choose whether to opt it or not. And I think a lot of schools kind of came to the table with their conference and said, we have huge reservations about what this means when you have an investor putting this much money in expecting this amount of return.
00:11:04
Speaker 4: What kind of voice are they going to have and how we run this program? And so now the schools can individually choose to opt in. Here's my prediction.
00:11:12
Speaker 3: Okay, they will wait for one school to tiptoe in, They'll give it a few months, and then everyone will opt in at some point because listen, you know, with the latest settlement, each school is on the hook for what twenty and a half million dollars to pay into the ANIOL pot on back pay, they're having to pay these rosters, They're having to pay exorbitant coaches fees.
00:11:35
Speaker 4: And you know what I think.
00:11:36
Speaker 3: Also, one other piece of this is alumni tapped out. Yes, fatigue, fatigue, right, like when you're having to you're going back to the same till every time, time and again they're done. So this is a new source of income available to these teams.
00:11:56
Speaker 4: We don't know what kinds of strings will be attached. We don't know yet at what this looks like.
00:12:01
Speaker 3: This is brand new right in the sports space, private equity and collegiate sports space. So I can't even begin to predict what the outcome will be, except that I know that there's so much competition that someone will tiptoe in and everyone else will I think follow in short order.
00:12:16
Speaker 1: That that makes sense.
00:12:17
Speaker 2: Yeah, I've heard from donors at a few area schools here who are like done, like just and it doesn't help when the teams aren't winning to the degree that they would like.
00:12:28
Speaker 3: Yeah, well, you love your program, you have all you want to see them be successful, but at some point you're like, I also have grandkids, you.
00:12:35
Speaker 1: Know, or whatever.
00:12:36
Speaker 3: It is, like even the wealthiest families are doing legacy planning, right, so you know, when you look at a report throwing good money after bad.
00:12:45
Speaker 4: You know, at some point, I think for some families it starts to feel that way.
00:12:48
Speaker 2: Deandortonwealth dot Com. Amy Wagner, Wealth Advisor from Dean Dorton. Learn more about the Dean Dorton Difference. Awesome to have you. I uh, we're done for the year. Yeah, well this is my last Wednesday show year, So have a great Christmas, an awesome new year, and awesome to have you a part of our show here at the back aff at twenty twenty five.
00:13:06
Speaker 4: Always happy to be with you.
00:13:08
Speaker 1: Hi, Thank you so much.
00:13:09
Speaker 2: Amy Wagner, Deandortonwealth dot Com. I am going to try to answer the question of the off season for the Bengals. Richard Skinner is going to join us, and things are not going very well right now for our area professional football team. Zach Taylor today may have made it worse. We'll get to that coming up in about ten minutes on ESPN fifteen thirty, Cincinnati Sports Station
