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Inside the Longhorns' $280,000 June recruiting weekend for marquee QB Arch Manning and eight other players.
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💰 A shocking report Friday from Sam Khan Jr. at The Athletic (paywall), based on Freedom of Information Act requests filed with the University of Texas at Austin, documented a $280,000 football recruiting weekend for nine players, including NFL quarterback royal family scion Arch Manning. Of the nine prized potential recruits, five, including Manning, have committed to the Longhorns.

The next weekend, The Athletic reports, UT spent another $350,00 on 14 more recruits, for a total of $630,000.

Here's where the money went for weekend one. This is a partial list of expenses, totaling $221,808. The Athletic reported that the entire weekend cost "nearly $280,000."

  • $21,000 airfare, car service, other travel expenses.
  • $1,814 candy, cookies, and other snacks for recruits and family members.
  • $46,696 34 rooms at the Four Season, for recruits, family members, and selected UT coaches and staff.
  • $17,320 Friday lunch buffet.
  • $3,359 rented audio system for afternoon Instagram photoshoots.
  • $29,129 Friday dinner buffet at DKR club area for 100+ people: recruits/families, coaches/spouses, recruiters.
  • $11,880 J.W. Marriott pool bar tab for Friday night parent social, while recruits "hit the town."
  • $10,226 Saturday breakfast at the UT Club.
  • $9,498 Saturday afternoon parent social while recruits were at Top Golf.
  • $36,900 Saturday dinner at III Forks steakhouse
  • $2,357 sunset cruise on Lady Bird Lake
  • $31,629 Saturday night parent social at the W Austin hotel.
  • ? Sunday breakfast at the Sarkisians' Rollingwood home.

The result? After what one recruit parent described as a "five-star visit," Texas sits with the nation's #2 recruiting class, according to 247Sports Composite, with Alabama at #1.

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
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Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.