Simple questions:
1. Who owns the University of Tennessee? It's NOT an LLC. It's not "privately owned," is it? Shareholders was my way of driving home a point for your benefit.
2. Who is chair of the BoT?
3. Where do the UTAD profits go?
4. Are donations to the UTAD tax deductible? If the answer is yes, than a large portion of UTAD revenue comes directly from TAX DOLLARS.
Please provide the above asked for information or gracefully bow out and recant your asinine assertion. This is my direct challenge to you.
I notice that you did not answer my questions, but instead grandstanded about your vast knowledge. EVERYTHING you have posted confirms that utgibbs is pretentious. We can accept it as a foregone conclusion at this point and put it to bed.
I will, however, answer your questions:
#1. Who owns the University of Tennessee? It's NOT an LLC. It's not "privately owned," is it?
UT is "owned" by the University of Tennessee, and controlled by the BoT. The State of Tennessee does not "own" the University, which is why it has its own police department and own jurisdiction, is free to set its own prices and bylaws.
Your point about shareholders has zero standing. Who are the shareholders of the Federal government? Who are the shareholders of Saudi Arabi, or the Vatican? That there are none does not imply socialism in any way shape for form.
#2. Bylaws, Article 1, Section 4: "(a) The Chair and Vice Chair shall be members of the Board
and shall be elected by the Board at the annual meeting to serve for two years, beginning July 1 of the year elected."
There is no current chair at this time, to my knowledge. The odds are very good that Haslam will be elected as chair, but that is not required by any means.
#3. The UTAD profits go to the AD, much in the same way that ESPN's profits go to ESPN.
#4. Donations are tax deductible, but that is not the same as "from tax dollars." Taxes are a percentage of your income. Tax deductions allow you to reduce the income taxes.
In other words, if you work and make $1500, that $1500 is your money through your work. Tax dollars to the government would be the percentage of that $1500. The deduction allows you to reduce your income to, we'll say $1400, such that the tax dollars given is only a percentage of the $1400.
Gifts are not tax dollars that went to the government and then trickled down. The deduction is the same as if you never worked for that amount deducted.
And it is, again, not a part of socialism.
Now, I have done you the courtesy of answering your questions, you may now do so to mine.