Most likely, the shell company scenario probably already exists. My dad always told me, “ Where there is money, there are thieves.”
What UT boosters did, or at least have talked about doing, in setting up a fund to lure OL to Austin I think may actually involve a shell company of some kind.
The truly stupid thing about all this is that the NCAA has punted/abdicated on this apparently because the schools don't want the entire "amateur" model (which is a joke already, but I digress...) to be destroyed in court. But their adbication on the NIL issue hasn't stopped that freight train. The legal effort to get college athletes declared employees has continued. If the school presidents and their laywers had a lick of sense they'd realize that model is probably best for them.