Some 3rd Party NIL companies are even registered in Delaware
Delaware requires minimal public information about ownership, board members, or internal governance. For collectives funded by boosters, this allows more privacy around who is involved and how decisions are made.
NCAA guidance requires collectives to be “independent” entities, not controlled by the athletic department. Incorporating out‑of‑state helps reinforce that separation on paper, even if the donor base overlaps heavily with university supporters.
Win Win
Thread Replies (20)
Are the NIL deals per player public information?**
-- Fore_Hokies
Jan 13, 2026 at 09:04 AM ET
Fore_Hokies
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01/13/26 09:04 AM ET
School revenue sharing public. But not on 3rd party NILs outside companies.
-- carhokies
Jan 13, 2026 at 10:23 AM ET
carhokies
•
01/13/26 10:23 AM ET
Some 3rd Party NIL companies are even registered in Delaware
◄
-- AirborneHokie96
Jan 13, 2026 at 10:27 AM ET
AirborneHokie96
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01/13/26 10:27 AM ET
The vetting process is clearly in beta testing, or toothless.**
-- Techsupport
Jan 13, 2026 at 10:03 AM ET
Techsupport
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01/13/26 10:03 AM ET
It's toothless already.
-- AirborneHokie96
Jan 13, 2026 at 10:22 AM ET
AirborneHokie96
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01/13/26 10:22 AM ET
That's even assuming they choose voluntary compliance
-- Beerman
Jan 13, 2026 at 12:04 PM ET
Beerman
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01/13/26 12:04 PM ET
Why would they? **
-- AirborneHokie96
Jan 13, 2026 at 09:34 AM ET
AirborneHokie96
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01/13/26 09:34 AM ET
AGAIN another un informed person
-- 1947Sunbowl
Jan 13, 2026 at 02:33 PM ET
1947Sunbowl
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01/13/26 02:33 PM ET
Meaning a subscriber or a Virginia taxpayer?**
-- Fore_Hokies
Jan 13, 2026 at 09:26 AM ET
Fore_Hokies
•
01/13/26 09:26 AM ET
Which just shows revenue sharing is more or less meaningless
-- Vippie1
Jan 13, 2026 at 10:22 AM ET
Vippie1
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01/13/26 10:22 AM ET
It might not happen, but they'll want a cap.
-- TheFacts
Jan 13, 2026 at 11:40 AM ET
TheFacts
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01/13/26 11:40 AM ET
They cannot put a "cap" on it. The courts have already ruled against that.**
-- AirborneHokie96
Jan 13, 2026 at 12:34 PM ET
AirborneHokie96
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01/13/26 12:34 PM ET
Correct. They will have a money advantage via 3rd Party NIL. **
-- AirborneHokie96
Jan 13, 2026 at 10:23 AM ET
AirborneHokie96
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01/13/26 10:23 AM ET
The Hokie NIL collective doesn't even share it's own financial data
-- AirborneHokie96
Jan 13, 2026 at 10:17 AM ET
AirborneHokie96
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01/13/26 10:17 AM ET
Thank you. I was just curious**
-- Fore_Hokies
Jan 13, 2026 at 10:22 AM ET
Fore_Hokies
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01/13/26 10:22 AM ET
As far as the Revenue Sharing from VT....
-- AirborneHokie96
Jan 13, 2026 at 02:59 PM ET
AirborneHokie96
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01/13/26 02:59 PM ET