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[QUOTE="kingtidge, post: 5708039, member: 994"]
Related question... Did we lose a big chunk of NIL donations when SANIL / Orange United went under last October?

I would assume some amount of donations were lost in the shuttering, just wonder how much??

Or, is there some sort of  insurance / reinsurance coverage that kicks in when a collective firm goes under like that to insure debts/obligations are met, or is it all still wild wild West and no safeguards??

Also, if funds were lost, guessing it wouldn't be something available in a transparent disclosure of information. Last thing you want to tell donors is their donation disappeared when the collective went under... But curious if we did have a shortfall of lost funds to deal with??

All I could find in search on the topic was this vague tidbit. Another disbursement firm stepped in and got some of the money to disburse to athletes under contract as intended, but no information on how much and who got what... SANIL was operating around 25 or so collectives I believe for various schools, so there were a bunch of baskets involved when they hit the skids...
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[*][B]"Nil Funds" / Lost Funds:[/B] The shutdown was driven by an inability to sustain operations, leading to an immediate cessation of services for many schools. Other firms, such as Opendorse, stepped in to take over parts of the failed operator to ensure athletes still got paid.
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