The foundation, which is part of the university, owns the home in which Saban's family currently lives.
King Mayan
SBR Posting Legend
09-22-10
21326
#2
Typical welfare queen
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jjgold
SBR Aristocracy
07-20-05
388179
#3
Strange story
Maybe bad investments
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Sam Odom
SBR Aristocracy
10-30-05
58063
#4
Gambling Problem
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RubberKettle
SBR Hall of Famer
12-28-09
6421
#5
Very common for boosters to pay for the houses of coaches
Saban clears enough to buy the house outright in 1 season.
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tony_come
SBR Posting Legend
03-31-10
21695
#6
Part of the package from bama
Comment
Sam Odom
SBR Aristocracy
10-30-05
58063
#7
Rather have housing paid for via salary or bonus $$$ thereby owning the equity
But Nicky has a team of lawyers, tax experts, on his team... Must be a good deal in the end
Comment
crustyme
SBR Posting Legend
09-29-10
16896
#8
easier to sneak out when u take a new job.
Comment
STAX
SBR MVP
11-01-13
3718
#9
Originally posted by crustyme
easier to sneak out when u take a new job.
this is actually very true, and probably the main reason he doesnt own it
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unluckysob
SBR MVP
05-21-08
1527
#10
owned a lake house in Georgia [my home state]---sold it last year.
Comment
Sam Odom
SBR Aristocracy
10-30-05
58063
#11
Saban: Born October 31, 1951 (age 62)
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itchypickle
SBR Posting Legend
11-05-09
21452
#12
He made some poor real estate investments a few years back on the lake with a couple of partners. No secret. But the paying off of his current residence plus the property taxes was worked out as a compensation decision to keep him focused on staying atop each year in football. Just like they give him the Benz and the Fords for 'product placement' and Coke pays him $$$ a year also Nike....its just part of being who he is.
Comment
KiDBaZkiT
SBR Posting Legend
10-20-09
14962
#13
Shit you wouldn't turn it down. He also gets free hj's from female students what do you care?