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https://x.com/rossdellenger/status/1...YKXqKt8QQD9Mtw
Private equity has officially arrived in college athletics.
The University of Utah is on the cusp of striking the industry’s first partnership with an equity firm in a marriage that features a nine-figure capital infusion and the creation and shared ownership of a for-profit entity to operate athletics business and financial elements outside of the traditional university framework
I work in this type of thing, excerpt with home equity. It’s probably more cut and dry in my field. Better hope the profits are good or some ADs could be upset 10 years in.
This is a dangerous precedent!
There needs to be a separate division for the wealthy programs separate from the rest of us. I say let them go!
A 40 team Super League for the wealthy
Split into 4 conferences
A 60 team Mid-level League split into 6 conferences.
League Championship playoffs for each with Top 8 in the super League and top 12 in the mid-level league
Spending Caps for the Mid-Level League to maintain competitive integrity.
Private Equity will kill football
I would imagine the PE firm will put their own management in place, and control over the AD?
How long until some shell company owns the stadium? Utes better get ready for $15 hotdogs.
They seem to kill most everything they touch.Quote:
Originally Posted by Tbonewannabe
One more nail in the coffin of college sports.
This is just pathetically sad. I have never cared for the NCAA but dang, it would be nice for them to flex whatever muscle they think they have left.
Every Sport Whiz has been dreading this. Now this is worse than legalized betting,
In partnership with private equity. Basically that's how you sell your soul to the devil in the 21st century. Next move is for Alabama Football to launch a NASDAQ stock called BAMA. Miami will launch a stock called COKE. Colorado will launch WEED. And LSU and Texas AM will launch CRAK and FRAK.Quote:
Originally Posted by Coach34
Memphis, USM, UAB, UCF, and USF will be an ETF called NIGHTSCHOOLX.
You know what could go wrong, Just go watch "Wall Street" Or Trading Places! Billy Ray Valentine is now in charge of the MSU NIL and is going to put it all on Frozen Conc OJ to screw over the Dukes.
What a s***show college football has become. First time in 20 years I didn’t watch the sec championship game. I really can’t believe it.
How many more nails can that coffin hold? Geez!Quote:
Originally Posted by starkvegasdawg
LOL! This is priceless!Quote:
Originally Posted by The Federalist Engineer
If they don't start setting some ground rules soon, I predict in 25 years college football will have half empty stadiums and be shown on regional sports networks rather than the major networks. It's going to end up like the motor sports (NASCAR and Indy Car) that were insanely popular in the 90's/00's that can't even fill half the stands during races now.
Nah, people love barbaric sports and chick's love the alpha male. Follow the chick's and guys will follow.Quote:
Originally Posted by Negative Waves
Nah, too many places with no pro teams.Quote:
Originally Posted by Negative Waves
Quote:
Originally Posted by The Federalist Engineer
WELL DONE!
Something that surprises me is fellow elitedoggers not receiving my comments about Las Vegas. The casinos have vested interest in Allegiant Stadium. The Oakland Raiders did not build that stadium so who did? The primary principals of ownership of the stadium could very well be researching a return on investment and the Raiders are all sold out to preferred casinos clientele. The next option for their preferred clientele is UNLV as a quality product. Why did Mullen all of a sudden end up at UNLV?
Because the Fertittas give UNLV a bunch of money to do stuff like this and Dana put in a good word so that Cannon had a spot on the basketball team at Bishop Gorman.Quote:
Originally Posted by coachnorm
Intriguing but seems the owners would spearhead UNLV to the Big12 to become first class members of D1 for starters. Then fork up NIL to start competing with TTU. Then they could host Big12 championships in Vegas. This would be a destination city. Dallas, the current B12 venue, is a big city but it sucks. Shitty Airport, Traffic, and bad weather. I went to SMU after MSU undergrad, Dallas is a place to work, not to visit.Quote:
Originally Posted by coachnorm
Unreal that the NCAA (college Presidents) have allowed lawyers and greed to tear down college athletics. But we all still watch.Quote:
Originally Posted by The Federalist Engineer
Yep. It will be ruined.
Already ruined.Quote:
Originally Posted by archdog