From the UO Foundation’s IRS 990 form, here: Where does their pay come from? When you give to UO to support our students, the money goes through the Foundation. They take 5% off the top. Do they charge Phil Knight the same percentage for the ~$250M Hayward Field? For the…
Posts tagged as “Paul Weinhold”
Just kidding, I haven’t heard a peep from Weinhold lately, he’s busy running a bank on the side. In any case he already promised the endowment to the IAAF to get the Track & Field Championships. The academic side can sink or swim. Here’s Weinhold telling IAAF President Lamine Diack…
3/2/2020: Nigel Jaquiss has the story in Willamette Week, here. The donation was made in January. Nike’s ROI is $20,000,000/$25,000, or $800 per dollar invested, assuming the Legislature passes the pork legislation, and Gov. Brown then signs it. She’s term limited, so what will she spend it on? 12/9/2020: Quid Pro…
Lananna, who’s on the UO payroll for several hundred large, asked the Governor for $40M in state subsidies. He’s now got $10M. If you think that’s the end of it you haven’t read Gibbon’s Decline and Fall, or Ken Goe’s update in the Oregonian here.
The Oregon DOJ held up Tracktown’s $10M grant from Travel Oregon for a full year by requiring that they provide a budget and a disclaimer that there were no legal issues, despite the FBI investigation. UO and Tracktown told the press that the Feds hadn’t contacted them. Lananna didn’t tell GC Kevin Reed?
The budget and reporting requirements are now hilariously out of date, and Lananna and Reilly’s admission is scrawled out in pen:
What could go wrong? Rumor has it that UO has now appointed an administrator to deal with it all. I wonder who is paying their salary.
The full grant of $10M in state funds is here: https://uomatters.com/wp-content/uploads/2018/10/OR212018_FE.pdf.
10/8/2018 – Tracktown / Oregon21 replaces Vin Lananna with Niels De Vos as head of IAAF 2021 championship
2/20/2018: Austin Meek has the latest on the Lananna and Tracktown in the RG here. No word yet on whether the feds are also interviewing the UO Foundation CEO Paul Weinhold, who also played a key role in the IAAF bidding, as reported by Diane Dietz in the RegisterGuard back in 2014: The…
Technically it was Lane County Circuit Judge Lauren Holland who did this, acting at Paul Weinhold’s request. And presumably Weinhold was acting on CoD Dean Christoph Lindner‘s request, and UO General Counsel Kevin Reed went along with the money-grab because he hadn’t done his homework. Here’s what I’ve been able to…
Their final deadline is May 15th. The IRS 990 form is one of the few sources of information the secretive foundation will now reveal, other than a bare-bones state required independent audit. The Foundation used to also publish an annual report with data on how much money went to athletics, etc.…
2/27/2016: Saul Hubbard has more in the RG here:
A last-minute change by the Oregon Senate on Friday to a proposed increase in the state’s lodging tax left Lane County lawmakers fuming.
The change, adopted because of pressure from Portland area Democratic senators, would erode further the size of the tax increase, meaning a smaller pot of new revenue for tourism-related ventures across the state.
It also could make it more difficult for the tax increase to cover the full $25 million subsidy that will be requested for the 2021 World Track and Field Championships in Eugene.
Under the latest amendments, the state’s lodging tax would increase to 1.8 percent, from 1 percent now, for four years. It would then drop down to a 1.5 percent permanent rate. …
I’m not sure why the legislature is considering even this, given that on Jan 14 Diane Dietz quoted Lananna as saying he can make this work without state subsidies:
Not getting the lodging money would be a big challenge to TrackTown’s goal of bringing 2,000 athletes from 214 countries to Eugene for a nine-day event in August 2021, Lananna said.
But coming up empty-handed in the February session would not stop TrackTown, he said.
“Are we going to go ahead? We’re absolutely going to go ahead. (But) don’t ask me what the next step is. I don’t know.”
And here’s what the Oregonian’s Jeff Manning had on Jan 10:
Track Town is not backing off its contention that it eventually needs $40 million in public funding to stage the event. Backed by the formidable political power trio of Nike, Phil Knight and the University of Oregon, it has plenty of clout in Salem.
“But we don’t have to get there today in this short session,” Lananna said. “We’ve got five years to bring people around.”
… It’s a lucrative arrangement. Even at part-time, Lananna gets paid $440,000 a year, including some deferred compensation, by the university. Track Town and related entities paid him another $334,300 annually, according to the non-profit’s tax return.
On top of that, Nike pays Lananna $30,000 a year as part of a long-term consulting contract.
… “I heard through the grapevine that you are working on possible plans for an IAAF proposal,” then interim UO President Scott Coltrane wrote in an Aug. 26, 2014, email. “Can you give me an update and briefing via telephone when convenient?”
After talking to Lananna, Coltrane immediately emailed his top lieutenants clearly concerned about whether the UO could fulfill the promises Lananna was making. “Yikes,” Coltrane wrote in the Aug. 28 email. “Have any of you seen any proposals for what specifically is being proposed for new housing for rehabilitation of residence halls?”
2/23/2016: House passes IAAF subsidy, UO won’t waive fees on public records
That’s the word from the RG’s Austin Meek, here: Lananna and his team — TrackTown treasurer Michael Reilly, UO general counsel Kevin Reed and athletic director Rob Mullens — took a step in that direction by meeting face-to-face with a group of reporters and editors at The Register-Guard last week.…
11/26/2015:
The BBC has the latest from the IAAF headquarters – in Monaco, of course. Apparently the IAAF will replace his Nike money by paying Coe a salary, in an effort to reduce the IAAF’s longstanding system of bribes, kickbacks, and side deals:
The British press is now asking why public money was spent on lobbying the IAAF members to elect Coe. And British MP Damian Colin’s parliamentary hearings will be on Dec 2. Report here:
10/7/2015: Check their website. No press release, no agenda, no notice they are meeting.
As for actual data and information? No chance:
9/24/2015: UO Foundation’s report hides athletic spending and endowment returns
Update: UO’s public records office has been sitting on the RG’s request for documents about the championship bidding process since June 15. PR log here: 4/16/2015 update: IAAF sells 2021 Track Championships to Eugene w/o public bidding The BBC has the surprising news here: The 2021 World Athletics Championships will be…