Why doesn't a wealthy fan just pay for GST?

Wealthy people are fans of tennis and golf. No time for watching track.

A wealthy fan might pay for some track and field project in the future run by somebody with a brain and common sense, as swell as at least some honesty and ethics. Nobody with money is bailing out that corrupt mess. And lots of people could come up with better formats. In fact, almost everybody could have designed this better. GST made the diamond league look sensational.

From a fan's perspective GST didn't do anything that improved on DL so why would they pay millions every year to fund GST?

Just thought of this too - any "rich" fans would have been going to the LA meet. Johnson showed he horribly mismanages funds and can't be trusted. I think the number one thing a major investor would want would be Johnson to step down. Maybe he could have a role doing promotion only - but no investor would want him touching the finances again. That brought GST to ruin.

That's exactly why Hayward is the best track facility in US, but in a tough to get to spot like Eugene.

A wealthy fan built it.

Not expecting a profit, and losing every penny, are different things.

Like who?

Rich people don't support track because you can't buy success in it. It's not a fraud sport like tennis/golf.

Wealthy people don't throw good money after bad. That's why they are wealthy.

And when they blow money on entertainment they get something in return. Bailing out the GST athletes is like donating to charity without the tax deduction.

They don't want to run out of money to spend building rockets.

BC we all know it was Phil Knight and his unpaid volunteers at Track Town USA who bribed Michael Johnson and Kyle Merber to shaft WA and DL.

Billionaires got that way by making sound decisions. There's no way they would ever support a dumbazz idea like GST. The whims of teenagers and drunk frat boys would never been given a look.

The only really bad idea they made is when Kodak chose not to exploit its digital photography technology, in favor of "protecting" is core film business. So went Kodak, so went Rochester, NY.

For US chess fans, this dream came true in the form of Rex Sinquefield... a billionaire who loves chess. Before Sinquefield, US chess grandmaster were often quite poor and slept on friends' couches as they traveled.

Hopefully Michael Johnson's failed experiment inspires a super rich philanthropist to build a more successful version of Grand Slam Track.

You mean, like this guy?

sports.yahoo.com

Tennis Hall of Fame rejects billionaire Bill Ackman's $10 million gift after widely criticized tournament entry

@YahooSports

Andy Roddick called the match, which Ackman and his partner lost in straight sets, "the biggest joke I've watched in professional tennis."

Open link

Someone tell Phil Knight to donate these track athletes their money owed from GST. The guy is donating like a billion dollars and most of it will be stolen by administrative pigs representing the charity instead of directly to the cause which is what needs the funding the most.

Why should someone with $$ absorb the losses of a failed experiment?

Most people that wealthy by making good financial decisions. This would not be a good financial decision.

Quite honestly, the agents should be paying the athletes their money that is owed. That’s their job to secure the bag and make sure their athletes get paid. Thats why they get such a large percentage of the contracts/prize money.

the agent should pay the athlete and then the agent can chase around GST to be reimbursed.

No agent would do that. Expecting them to be guarantors for GST is ridiculous.