IFBB is not Federation, it is a company

[thisiskeith12]

The IFBB is not a Federation or a League, it is a company. A company with an owner, who wants to suck all the millions of dollars to himself. Basically, Ben Weider sold AMI a dead frog for 300 mil.

[240 is Back]

nonprofit canadian org, to be exact.

keith, you have my $100 ready?

[dorkeroo]

The IFBB is not a Federation or a League, it is a company. A company with an owner, who wants to suck all the millions of dollars to himself. Basically, Ben Weider sold AMI a dead frog for 300 mil.

LOL nice comparison.

[thisiskeith12]

nonprofit canadian org, to be exact.

keith, you have my $100 ready?

How can you sell a non profit organization for 300 mil?

Yeah, as soon as you give it to me I can take the gf out for a nice dinner and some poony.

[240 is Back]

How can you sell a non profit organization for 300 mil?

Yeah, as soon as you give it to me I can take the gf out for a nice dinner and some poony.

It'll be meatloaf and sleeping on the couch when Coleman wins!

[thisiskeith12]

It'll be meatloaf and sleeping on the couch when Coleman wins!

So can we double it up if Cutler wins? I mean that is against the odds...

[bbinsider]

How can you sell a non profit organization for 300 mil?

Yeah, as soon as you give it to me I can take the gf out for a nice dinner and some poony.

You can"t. There is no exit strategy. Where do you think the NPC came up with the idea?

[bbinsider]

The Weiders sold Weider Publications. Not the IFBB.

[240 is Back]

So can we double it up if Cutler wins? I mean that is against the odds...

ah, no.  I got a bellyache when I saw those cutler pics.  he's hungry.  he'd shank ronnie in the pumproom if he thought he could get away with it.  jay looks like he's thrown out that longterm "retire at 32" BS and just wants to fight his way to a win. 

[thisiskeith12]

ah, no.  I got a bellyache when I saw those cutler pics.  he's hungry.  he'd shank ronnie in the pumproom if he thought he could get away with it.  jay looks like he's thrown out that longterm "retire at 32" BS and just wants to fight his way to a win. 

Jay has the Karma. He will win. Oh yes... he will win.

[240 is Back]

Jay has the Karma. He will win. Oh yes... he will win.

Ronnie is going to retire.  He is monster focused. Eye of the tiger.  All that good stuff.

He's gonna be leaner than branch at this show.

[onlyme]

The Weiders sold Weider Publications. Not the IFBB.

And the Olympia for $3.2 million

The IFBB is actually just a family business.  They masked it with fancy paperwork and shit but in reality it is just a family run business, ran like they want.  Everything else is smoke and mirrors.  Nothing more nothing less

[Tre]

The Weiders sold Weider Publications. Not the IFBB.

How much income tax was paid on the sale of Weider Publications? 

[Ron]

The IFBB is not a Federation or a League, it is a company. A company with an owner, who wants to suck all the millions of dollars to himself. Basically, Ben Weider sold AMI a dead frog for 300 mil.

Much get things separate in life.  IFBB is a federation. IFBB Professional League is another part. Weider Publications, not the IFBB nor the Olympia, was sold to AMI.  In another deal, AMI got the rights for promoting the Olympia Contests for x amount, plus whatever else they agreed upon.

This year will be a great Olympia, Ronnie either shaving Jay's hair off, or Ronnie losing.

Next year, if AMI sells Weider Publications, or parts of it, it doesnt have anything to do with the Olympia. But speculation is that if the magazines go, why should AMI promote the Olympia. But we can wait until after this years Olympia, and when the magazines are sold to speculate on all of this conspiracy, can't we.

See you at the Olympia.

[timfogarty]

Much get things separate in life.  IFBB is a federation.

"federation" has no legal meaning in the US and probably in Canada.  The IFBB is a privately owned company.  There may be organizations within other countries officially recognized by those countries as the sanctioning body of that sport, but not in the US or Canada. 

[noworries]

Much get things separate in life.  IFBB is a federation. IFBB Professional League is another part. Weider Publications, not the IFBB nor the Olympia, was sold to AMI.  In another deal, AMI got the rights for promoting the Olympia Contests for x amount, plus whatever else they agreed upon.

This year will be a great Olympia, Ronnie either shaving Jay's hair off, or Ronnie losing.

Next year, if AMI sells Weider Publications, or parts of it, it doesnt have anything to do with the Olympia. But speculation is that if the magazines go, why should AMI promote the Olympia. But we can wait until after this years Olympia, and when the magazines are sold to speculate on all of this conspiracy, can't we.

See you at the Olympia.

Really no matter how you word it, Onlyme is right about the tax issues and the IFBB.  It will be interesting to see if anything develops.

[walking sculpture]

How Do You Report Suspected Tax Fraud Activity?
 

If you suspect or know of an individual or company that is not complying with the tax laws, you may report this activity by completing Form 3949-A. You may fill out Form 3949-A online, print it and mail it to:               

        Internal Revenue Service
        Fresno, CA  93888

If you do not wish to use Form 3949-A, you may send a letter to the address above.  Please include the following information, if available:

    *      Name and address of the person you are reporting
    *      The taxpayer identification number (social security number for an individual or employer identification number for a business)
    *      A brief description of the alleged violation, including how you became aware of  or obtained the information
    *      The years involved
    *      The estimated dollar amount of any unreported income
    *      Your name, address and daytime telephone number

Although you are not required to identify yourself, it is helpful to do so. Your identity can be kept confidential. You may also be entitled to a reward.

Frequently Asked Questions - 1.13 IRS Procedures: Reporting Fraud

[JaggyShortBuff]

Duhhh.............

[thisiskeith12]

So it's still a company, not a business like most leagues, a company that the Weiders profit from. Although they do no competing or promoting themselves.