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Miami #1 Booster Company Going Bankrupt

Posted: Sun Aug 18, 2024 4:06 pm
by DuckMastaFunk
https://www.espn.com/college-sports/sto ... -john-ruiz

John Ruiz has been one of the most outspoken and high profile donors in the NIL Era, making huge deals with Miami athletes to LifeWallet (the company he owns). Now it looks like LifeWallet is headed for insolvency in the next 12 months.

This reminds me of the Cold War. Phil Knight is the US and John Ruiz is the USSR. There was an arms race and the USSR looked unstoppable, until the house of cards came crumbling down. :haha

Re: Miami #1 Booster Company Going Bankrupt

Posted: Sun Aug 18, 2024 8:43 pm
by Everythingsducky
Won’t be the first or the last. Players are going to have to understand the solvency of the companies paying them, or off they go. I am heartbroken for Mario.

Re: Miami #1 Booster Company Going Bankrupt

Posted: Mon Aug 19, 2024 10:03 am
by UOducksTK1
Will be watching Miami's class now...

Re: Miami #1 Booster Company Going Bankrupt

Posted: Tue Aug 20, 2024 8:44 am
by nogerO
Everythingsducky wrote: Sun Aug 18, 2024 8:43 pm Won’t be the first or the last. Players are going to have to understand the solvency of the companies paying them, or off they go. I am heartbroken for Mario.
Yeah, me too. :roll: