ORU Finds Cash Cow
Just when it looks like it is time to “turn out the lights, the party’s over”, the Oral Roberts family manages to find another cash cow, saving the family business yet once again.
Back in the late 1980′s Oral Roberts announced that God was going to kill him unless the faithful raised $8 million. They raised $9 million and Oral was saved apparently.
This time facing a much worse personal, financial and public relations crisis it appears that the Roberts family has managed to raise $70 million, giving one cause to wonder if maybe God threatened to kill off the entire Roberts clan if they did not raise sufficient cash.
Only difference between then and now is that this time the bailout money is not without strings.
Mart Green, whose family founded Hobby Lobby, has promised the 70 million bucks provided the university shows “good governance” of its finances.
Reportedly $8 million in Green family money has been pumped into ORU with the remaining $62 million dependent upon ORU shaping up, which apparently among other things required Richard Roberts shipping out. In addition the Green family is to receive two seats on the ORU Board of Regents.
Speaking of the ORU Board of Regents, supposedly they voted unanimously that the university will be “separated” from Oral Roberts Evangelistic Association. Reportedly the two entities are to be separated both financially and legally. An interesting ploy if it can be pulled off since both entities are apparently still owned by none other than Oral Roberts who likely has the final say in all matters pertaining to either.
In any case it is going to be very interesting to see what happens over the course of the next three or four months, as the Roberts clan figures out what to do with “all that money” and Mart Green decides if he is actually going to give it to them.
And while we wait and watch to see how this fiasco plays out, a question.
Why is it that no “faith healer” has ever healed an amputee?
