Was on a flight to Houston yesterday and your handle was

Most college stadiums, whether private colleges

or public colleges, were financed with tax-exempt bonds, and the tax rules make the sale of naming rights somewhat difficult if not prohibited. So it’s pretty unusual for college stadiums. But not impossible.

What if you name it after a benefactor who happens

to have their name on a business? For example, Charles Schwab gives $100 million to ND, and now you have Schwab field at Notre Dame Stadium.

When did JS get a handle? *

Under the tax rules, there cannot be a nexus or a

quid pro quo between the gift and the naming. The gift has to be for general university purposes, endowment, financial aid, academic programs, maintenance etc., and not for the bond-financed facility. The university, in general, cannot be bound or required to name the stadium field after the donor (again, assuming the stadium was financed with tax-exempt bonds).

A “benefactor” who insists on changing the name of the

Stadium should be drawn and quartered. Please, God and Mother Mary, let that be one line that our avaricious Board will not cross.

Papa Johns Stadium *

That stadium was privately funded

Not subject to tax exempt bond financing rules.

Papa got booted.

As the CEO and off the stadium. Just Cardinal Stadium now.

interestingly....Lousiville sucks now *