I guess this is the story that Michigan fans are primarily going with at this point.
Stalions was stationed out in California through 2022.
He bought a house out there using a VA loan and sold it (in 2021? 2022?) after some significant appreciation.
Supposedly rented out rooms in the California house using AirBnB to help cover the mortgage.
Bought a house in Ann Arbor for less than what he got out of the California house leaving him a cash cushion.
Rents out rooms in the Ann Arbor house using AirBnB to help cover the mortgage.
Makes additional revenue selling vacuum cleaners
Self-Funded the significant cash outlay for tickets and travel to football games
Booster Tim Smith is saying he had nothing to do with it.
Link to MSN article below
MSN