GW Hoops » GW's NIL Collective: Friends of George

GW0509 · 11/11/2022 10:28 am

https://fogcollective.com/about/

Friends of George was created with one mission in mind – to empower George Washington student-athletes to achieve their greatest potential in the classroom, on the playing field, and in life. With the passing of legislation allowing student-athletes to profit from their name, image and likeness, Friends of George leverages the collective power of the alumni and fans to equip student-athletes with the tools and resources necessary for them to excel both during and beyond their time in Washington, DC. More importantly, we seek to help student-athletes to use NIL to maximize its impact on the community, and to do so the right way, without ever compromising the values of the university and the legacy of all those who have wore the buff and blue in the past in the past.

Here is the official release from the school: https://gwsports.com/news/2022/11/11/general-gw-athletics-jumps-into-nil-space-with-support-from-friends-of-george.aspx

Last edited by GW0509 (11/11/2022 11:31 am)

BM · 11/11/2022 10:39 am

Done

Merrick · 11/11/2022 12:13 pm

Well, that's a start. I have no idea about the founder, his business reputation, or the financial structure of the collective. Aahil may be a whiz kid and is due reasonable compensation for his work, but his searchable credentials online are thin and I'd think many would want to see a business plan before providing any funding. What type of work does the NBA or NBAPA do before agents are certified? I'd certainly appreciate the thoughts of others if they know more.

The Dude · 11/11/2022 12:42 pm

Done

Florida Colonial · 11/11/2022 1:32 pm

Done

squid · 11/11/2022 9:04 pm

What are you all doing that results in "done"? I don't really see an ask in the press release. Happy to help out!

I'm glad to see this, but it's pretty confusing to me. How does the NFT thing work? I don't quite get that part. And I guess there are a couple businesses listed at the end, but I thought it was something where the students appear in ads or something? Maybe I'm just not that clear on how NILs work.

Last edited by squid (11/11/2022 9:05 pm)

squid · 11/11/2022 9:20 pm

Ah, the site explains more about how it works https://fogcollective.com

So you can do a one time donation or a monthly donation.

Merrick · 11/11/2022 9:20 pm

Ok—i could not access site earlier, but they’ve got legit folks on thé Board. In general, an NIL collective cannot have an official connection with the university—but exist to provide more depth in NIL deals for student athletes. This is great news to get off the ground!

And no e win tonight!

Last edited by Merrick (11/11/2022 9:22 pm)

GWAlum2001 · 11/12/2022 11:53 am

Thanks for sharing, subscribed.

squid · 1/12/2023 12:41 am

Just got my regular donation email. Has anybody heard anything from FOG? I'm excited to see what the student athletes are getting to do (and hopefully making some money)

Merrick · 1/12/2023 10:05 am

Notwithstanding the announcement, my understanding was that a lot of organizational work remained—including governance documents and ensuring fiduciary obligations could be met. Don’t know where they stand and have not heard anything since December.

GWRising · 1/12/2023 11:15 am

Soon ... things are starting to move ...

squid · 2/17/2023 1:06 pm

Any update? I have heard nothing except my monthly donation receipt.

GWRising · 2/17/2023 1:53 pm

It's a little tricky .... by NCAA rule, the Collective cannot be affiliated with the University. The entity exists and is receiving funds. You are unlikely to hear overall public reporting for several reasons - competitive disadvantage (other schools will know what they have to do NIL-wise to obtain a player via transfer), NIL rules and no public reporting requirement. This will likely operate somewhat in the shadows for awhile. And by shadows, I don't mean illegally ... I just mean quietly. Some individual player endorsement deals may be announced at some point. Sorry ... that's all I have.

Last edited by GWRising (2/17/2023 3:04 pm)

squid · 2/17/2023 3:05 pm

I see what you are saying, but I feel like there should be something that lets us know our money is actually doing something though. Otherwise I’ll just donate that money to GW. It’s literally been radio silence aside from the monthly donation emails.

GW0509 · 2/17/2023 3:11 pm

squid wrote:
I see what you are saying, but I feel like there should be something that lets us know our money is actually doing something though. Otherwise I’ll just donate that money to GW. It’s literally been radio silence aside from the monthly donation emails.

At a minimum it would be nice to have some sort of networking event at Tonic etc. I think that was part of the deal for all $ levels.

Florida Colonial · 2/17/2023 3:18 pm

I agree. Any communication would be great.

Merrick · 2/17/2023 8:20 pm

Rumor has it that some mysterious individual only known as Blue Fog has contributed 1 million dollars.

GW0509 · 2/17/2023 8:38 pm

Merrick wrote:
Rumor has it that some mysterious individual only known as Blue Fog has contributed 1 million dollars.

Blue Fog loves Anacott Steel

squid · 2/22/2023 11:20 pm

GW0509 wrote:
At a minimum it would be nice to have some sort of networking event at Tonic etc. I think that was part of the deal for all $ levels.

Yeah that’s true. Also merch, content, etc