I appreciate the ease of conflating "well LHF is just doing all the stuff now" with what I said, so I appreciate the clarification that these are still completely functionally different. What I meant by my statement wasn't that they were functionally the same - which I specifically clarified and said they serve different purposes etc. I was saying that the fundraising mechanism is now same same. There isn't 2 fundraising efforts running in parallel. LHF asks for money, some of it goes into the traditional bucket and some of it goes into the NIL bucket. The tight coupling of TOF to the AD and it's "business" arm, also allows for really seamless, nice and well organized corporate involvement. Lets say a corp wants to do a deal with Texas, but they also have ideas that involve using some of the student athletes in promotional materials, events or spokesperson. The university can now one stop shop that and fulfill those obligations with TOF and LHF at the same time albeit on different "paper".