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The Big 10 is pushing ahead with massive private investment deal over objections from Michigan and USC


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Posted (edited)
11 minutes ago, TwiceHorn said:

We got our taste of how PE would bring even more crass commercialization to CFB and other sports in Steve Patterson.

PE probably thinks there's potential money in venue hire and programming...and they are probably correct.

But do the ADs or the universities control that?

Edited by JBJ
Posted
9 minutes ago, 956 Worldwide said:

What’s happening is that these schools are taking expensive money from an institutional partner with one ethos: “fuck you, pay me.” Combining that with institutions which need to have a long-term, collective health outlook is a total mismatch.

Rewatch The Goodfellas tiki bar scene to see how this goes. It’s insane on its face to put public institutions on the hook for a PE vig. 

true GIF by Shock Top

 

And the crazy thing is so many of these schools are sitting on huge financial endowments that can’t be touched. 

  • Like 1
Posted
Just now, PittsburghTiger said:

true GIF by Shock Top

 

And the crazy thing is so many of these schools are sitting on huge financial endowments that can’t be touched. 

Well, based on how they manage money they can touch, that was probably good foresight to keep it away from regents’ grubby paws. I’m sure LSU would be trying to liquidate its endowment to buy Andy Reid and a few five star OL or some shit. 

Posted
6 minutes ago, 956 Worldwide said:

Well, based on how they manage money they can touch, that was probably good foresight to keep it away from regents’ grubby paws. I’m sure LSU would be trying to liquidate its endowment to buy Andy Reid and a few five star OL or some shit. 

I don’t know how accurate the list that I saw is but, LSU is sitting on an endowment of just $696-million. Texas is at almost $43-billion.

My University of Pittsburgh is just a touch under $6-billion, I think that’s 13th if you include Notre Dame, out of the Power Four conferences.

LSU athletics would blow through that like a junkie doing lines of coke off a hooker’s ass.

Posted

It would be interesting to see how the deal docs account for opt outs by big programs like USC and Michigan. Is there a set step-down of the deal price? How much? Does anything just kill the deal altogether?

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