Fresh rip on Lowder , Colonial and the barn .

[LCN]

Smart Football

Auburn might be getting its own reality show, but it has much bigger problems. Colonial Bank, of which Bobby Lowder, Auburn trustee and booster, was CEO, has failed, was taken over by the FDIC, and now is being sold by the FDIC to BB&T Bank. Lowder was no ordinary booster: He was the “most powerful booster” in America, and had effectively hired and fired every Auburn football coach (and University president!) since 1983. (As one minor example, Lowder used to use his private jet for recruiting trips.)

Indeed, all this was significant enough for the Wall Street Journal to ask the fairly difficult (and fairly silly) question: What Does Colonial Bank’s Failure Mean for Auburn Football? One answer, at least, appears to be a diminished role for Lowder, both in terms of hands-on involvement (probably good) and money (less so):

 

[Dallas4Bama]

That old phrase "Couldn't happen to a more deserving bunch of people" comes to mind.
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[rhYno]

Hopefully their football season will be even worse than the Lowder/Colonial situation...

However, I hope Cheez-it remains the coach for many, many decades to come.

 

[Dallas4Bama]

However, I hope Cheez-it remains the coach for many, many decades to come.

Without Louder to fund buyouts they will be stuck with him and this staff full of idiots for a long time. This whole scenario has worked out beautifully from them firing Tubby and paying him a fortune to go away, to hiring cheese nip and now being stuck with him. It couldn't have worked out better if an Alabama grad had planned it.
Louder has offically loved the auburn program to death!
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[IMALOYAL1]

When Jay Jacobs said money was no object in hiring the next coach he may have spoken out of turn.


:BigA:

 

[CrimsonSEC]

It's Dye's program now.

 

[GrayTide]

It's Dye's program now.

That along with Chizik and Jacobs should really work to our advantage.

 

[BamaJama17]

Wow, this Lowder guy pops up everywhere when comes to the barn.:biggrin::tongue::redface:

 

[BamaBeta]

Really think Auburn is going to get hit hard with this one. I think that BB&T may pick up some sponsorship as a sign of "goodwill" towards athletics and since the Auburn Sports Network is owned by the same network that is based out of Winston-Salem, where BB&T is headquartered. But in the end, Colonial Bank pushed more money and resources towards Auburn than BB&T will ever.

 

[bamachile]

If you are Pat Dye right now, you're hoping that Uncle Bobby had enough sense to cover his tracks, considering that there are feds going through the paperwork.

On second thought, if you are Pat Dye right now, it's a little late in the morning to be sober. :cool2: Bobby who? Where's my plaid pants?

 

[BocaLance]

Without Louder to fund buyouts they will be stuck with him and this staff full of idiots for a long time. This whole scenario has worked out beautifully from them firing Tubby and paying him a fortune to go away, to hiring cheese nip and now being stuck with him. It couldn't have worked out better if an Alabama grad had planned it.
Louder has offically loved the auburn program to death!
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Sounds like they run their football business like he ran his bank.

 

[bamanut_aj]

On second thought, if you are Pat Dye right now, it's a little late in the morning to be sober. :cool2: Bobby who? Where's my plaid pants?

that still cracks me up! :biggrin:

 

[GulfCoastTider]

With the housing market gone south, Ol' Yella Man is suckin wind, too.

Don't forget that nearly every one of the barn's BOT borrowed money from Lowder's bank. Who knows what the Feds will dig up, once they start sorting through the bottom drawers of the back file cabinets, down in the basement of the old operations office...

 

[ROTYDE]

If you are Pat Dye right now, you're hoping that Uncle Bobby had enough sense to cover his tracks, considering that there are feds going through the paperwork.

On second thought, if you are Pat Dye right now, it's a little late in the morning to be sober. :cool2: Bobby who? Where's my plaid pants?

That's funny!

 

[Dallas4Bama]

Sounds like they run their football business like he ran his bank.

He ran their football program like he ran his bank. Of course if he had just stuck with banking they might still be Colonial Bank and Terry Bowden might still be at Aubarn.
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