Welcome to PatsFans.com

Bill Belichick Inc

Discussion in 'PatsFans.com - Patriots Fan Forum' started by carolinatony, Mar 7, 2007.

  1. carolinatony

    carolinatony In the Starting Line-Up

    Joined:
    Jan 15, 2006
    Messages:
    2,845
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    fyi....

    The three-time Super Bowl-winning coach recently filed paperwork with the state to incorporate Bill Belichick Inc. as a for-profit company engaged in "consulting, entertaining and endorsing." The business's articles of organization were filed Dec. 26 with the Secretary of the Commonwealth's Corporations Division.
     
  2. Pats726

    Pats726 Veteran Starter w/Big Long Term Deal

    Joined:
    Sep 13, 2004
    Messages:
    9,800
    Likes Received:
    8
    Ratings:
    +8 / 0 / -0

    Not sure what that all means...are you thinking that he's gearing up for a LAST year??? Or wishing to get something started and in business so in 3-4 years he can MOVE ON to that???
     
  3. NoCal Patriot

    NoCal Patriot Third String But Playing on Special Teams

    Joined:
    Mar 1, 2006
    Messages:
    518
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    If it ever went to a Public Offering I'm sure that I would buy stock in the Corporation.
     
  4. sebman2112

    sebman2112 In the Starting Line-Up

    Joined:
    Mar 5, 2007
    Messages:
    4,535
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    Nah, that means nothing. Bill Parcells had educational football DVD's for kids while still coaching the Cowboys. BB might just want to make some extra money on the side.
     
    Last edited: Mar 7, 2007
  5. vyrago

    vyrago 2nd Team Getting Their First Start

    Joined:
    Aug 24, 2006
    Messages:
    1,853
    Likes Received:
    7
    Ratings:
    +13 / 2 / -0

    Perhaps an investment for his kids? After all, those hoodies won't be hot sellers forever.
     
  6. upstater1

    upstater1 Pro Bowl Player

    Joined:
    Nov 29, 2005
    Messages:
    13,033
    Likes Received:
    30
    Ratings:
    +60 / 4 / -3

    I have to say, the thought has crossed my mind that all this spending may be a last hurrah. I don't believe it. But the thought has crossed my mind.

    I'm fairly certain that Belichick is going to go out with Tom Brady in 5 years. Tom will be 35 and BB will be 60.

    Both of those ages are very good ages to hang them up in football.
     
  7. JDSal45

    JDSal45 Third String But Playing on Special Teams

    Joined:
    Dec 21, 2004
    Messages:
    685
    Likes Received:
    3
    Ratings:
    +3 / 0 / -0

    I would guess it has more to do with his divorce. When he speaks, the income would go to the corporation...not technically to him (if they set it up correctly). And his ex-wife would not have a claim on it, or at least not as strong a claim. She wasn't married to the corporation and BB could just be an employee of it taking a much smaller amount and perhaps he could make the kids stockholders as a way of assuring the money the coporation makes goes to them or whomever else he wants.

    Just a theory.

    J D Sal
     
  8. PatsMyBoyz!

    PatsMyBoyz! Rotational Player and Threatening Starter's Job

    Joined:
    Sep 26, 2006
    Messages:
    1,264
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    A very reasonable assumption;one I hate thinking about but reasonable nonetheless.
     
  9. patchick

    patchick Moderatrix Staff Member PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    11,800
    Likes Received:
    413
    Ratings:
    +1,129 / 9 / -2

    #11 Jersey

    Lots of people do this, it's a tax and accounting issue. Not a big deal, IMO.
     
  10. PatsMyBoyz!

    PatsMyBoyz! Rotational Player and Threatening Starter's Job

    Joined:
    Sep 26, 2006
    Messages:
    1,264
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    Good for BB! He's got some solid real estate investments already and no doubt this venture is something he can build on for the future as well.
    I don't think it signifies anything except futuristic thinking,maybe something for his kids,maybe a shelter from the long arm of divorce,etcetc. but I don't think it means his retirement is imminent beyond what we'd reasonably expect (5 years,give or take-hopefully more on the 5+ side of that).
    "Consulting"-check.
    "Endorsements"-check.
    "Entertainment"?? BB on SNL??:rocker:
     
  11. betterthanthealternative

    betterthanthealternative In the Starting Line-Up

    Joined:
    Aug 27, 2006
    Messages:
    2,295
    Likes Received:
    43
    Ratings:
    +129 / 4 / -0

    That makes a lot of sense.
     
  12. Clonamery

    Clonamery PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Feb 23, 2005
    Messages:
    3,337
    Likes Received:
    30
    Ratings:
    +99 / 0 / -1

    Taxes! I almost forgot........
     
  13. Tunescribe

    Tunescribe PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Oct 21, 2004
    Messages:
    16,667
    Likes Received:
    385
    Ratings:
    +1,159 / 5 / -19

    #61 Jersey

    Good post. That makes a lot of sense.
     

Share This Page

unset ($sidebar_block_show); ?>