Many Sports fans have NOT A CLUE, on how rest of universisties manage their entrepuener enterprises. They have no interest or care about university operations, For Example VT operates another enterpise that operates the DOE nuclear accelrator in Newport News, its a 3 billion dollar contract, or the 500 million innovation center complex in northern Va. and the new 300 million dollar building control cyber sercurity center with HITT industries in Falls Church. We are just using the same smart business for athletics and guess what it is a business entirely.

It’s a non-profit that exists to run a limited scope of business functions (e.g., marketing, sponsorships, NIL etc.). The team, staff, and coaches are all still under the VT athletic department. Sure this setup could change in the future. And we don’t know the exact final scope of what HV will do yet since it was just born yesterday. But for now, we are safe and football is still a formal part of VT.

paperwork may paint one picture. However, the implied spirit may paint a completely different picture. For example, if Hokie Venture is truly independent from VT, then technically there should be nothing to stop Hokie Venture from pulling a Baltimore Colt and relocating to London (Eng). However, if VT has a say, maybe even the final say, in the matter, then it would suggest Hokie Venture isn't as independent as they try to make it.

Most schools development foundations research and development partnerships and medical schools are organized this way- helps build private public partnerships and for dorms and dining . This just adds this to athletics . It is business

athletic club is more likely to relocate to somewhere else than a research or academic foundation. The reason this could be relevant is because VT may want any football team it is affiliated with to continue playing its home games in Blacksburg. While a private entity may at some point want to relocate the team to a more populous area to make home games more profitable for the entity. Also, there is the possibility that taxpayers' dollars could be used to pay for athletic facilities for the private entity even though state laws prevent it from happening for the public schools. The new facilities could even be the reason the team decides to relocate to somewhere else.

Hokie Ventures and the athletic programs its value. If you separate the university from the teams the tie that pulls fans is severed. Alumni connection is gone, cultural connection is gone for those who may not have attended (Tech being a land grant, for the people, ag extension etc.).

Will it always remain that way though? For example, VT has a large alumni base in NOVA, 757, and Richmond area. If Hokie Ventures decided to relocate the team to one of those locations within VA, then would those fans suddenly stop attending games just because the games are no longer played in Lane Stadium? Plus, if "big time college athletics" continues to inch closer to being more pro-like (even if it never technically ever becomes 100% pro league), then it is entirely possible Hokie Venture could develop fans in places most Hokie fans wouldn't think is possible. For example, even though the DMV is pretty much Redskin/Commander territory, you will find a good percentage of Cowboys, Eagles, and Giants fans living in the area even if they have never lived closed to their favorite NFL team. The same thing could happen with Hokie Ventures or any of other similar entities if they decided to truly embrace being an "athletic club." Most people know FC Bayern Munchen as a professional German men's (and women's) football (socccer) club. What most people don't realize is the club also actively sponsors handball, chess, bowling, table tennis, and basketball teams. Also, it used to sponsor baseball, ice hockey, and gymnastics teams at one time, but has discontinued those programs for various reasons. In fact a lot, maybe even a majority, of these pro soccer teams, do sponsor other sports. A few of these pro clubs are even directly or indirectly owned by a university. The ones that are indirectly owned were originally apart of the university and then later spun off as an independent organization with the president of the university usually having a seat on the board.

It is a business a huge professional operation not rookie high school operation. And vt is a multi billion dollar enterprise employer in the region. Doubters dont understand .also hokie graduates are producing very successful business leaders that has made their name in corporate america and the world and that they can donate at this level