He's even more off-base on that. Yes, the AC trust is a charitable trust. But that's where the charity ends. Again, don't take my word for it -- you can read what the NY Court of Appeals said in Mercury Bay. Mercury Bay tried to argue that SDYC had fiduciary duties as a trustee (Dr. Ross's same argument) and the court disagreed. The court said that SDYC had an obligation to use its best efforts to defeat a challenger. So this isn't a typical trust, and it certainly is not a typical charitable trust. It's a competition, first and foremost, and the holder is entitled to work as hard as possible within the few bounds to retain the cup. That means the holder can make financial arrangements to make that possible.What do you make of his arguments about Trusteeship, profit-making and etc?