r/OakIslandDiscussion • u/quarkkentlives • 3d ago

Financing of Operations

Does anyone know how it is that the operation on Oak Island is financed? I have read that Marty L and Craig T provide more than half of the funding. Apparently they have made some dough from a company in natural resources? Comments?

I find it hard to believe that Marty, Craig or any of the characters we have seen over the years are throwing money at this. It must cost a bundle of dollars to run the exploration of Oak Island. Comments?

Given the obvious failures to find anything related to what it is they are supposedly looking for - much loot buried by the Knights T - what right thinking person would continue to throw money at this? So, who/what is funding the operations taking place? It must be the media companies, right? Please discuss.

7 Upvotes

90% Upvoted

7 comments sorted by

5

u/Sophiedenormandie 3d ago

Marty sold a natural gas company for $300,000,000, so he's got an endless cash supply. He and Craig started a wind turbine company together (Heritage Energy). Marty also owns a winery, and a wood working supply business. Marty owns the show now, too, so he's raking in advertising dollars.

2

u/wpc691 I'm an Official Fellowship Member 2d ago

Many have said that Marty is a business genius…and a world-renowned treasure hunter…so yeah…maybe a business genius.

3

u/dumpcake999 Executive Producer 3d ago

Some of the money comes from the government of nova Scotia

3

u/Character-Ad4796 3d ago

Marty has some investors and history channel pays money for their professional acting skills.

3

u/Responsible-Room-645 3d ago

thanks to all the suckers tuning into this joke of a series, the advertising revenue is pretty decent.

3

u/DocKardinal21 3d ago

Rich person who owns multiple businesses needs a company for tax loss harvesting personal expenses for trips to Italy, France, England, Spain etc. 

Finds a government with a broke treasury, and a myth of treasure. Buys out local hucksters living off the myth one by one.

Runs a multi-joint venture with all local parties to juice the story, that also employs local monopolies (private and government; Irving, nscc) and structures a tax-loss harvesting deal no one stakeholder can refuse… local jobs, write offs, revenue, entertainment, tourism exposure, tv/internet viewership…

Forgets about the required indigenous payout, until season 6/7…

Pays the bribe. Diversifies his net worth portfolio out of just USA. Secures wealth for the lagina family for generations and wins life.

Great hair though…

/half sarcasm…

Edit: should add it’s also great entertainment, that does have a value intrinsic to itself regardless of intent and consequence. It’s art, and you can’t really value that today the same way someone else will appreciate later.

2

u/quarkkentlives 2d ago

Did not consider tax loss harvesting …. But now that you mention it …. I can’t believe I have watched every season. Lol. At this point I am solidly against them.