Florida State Taps J.P. Morgan For Institutional Money as Talks Advance With PE Firm
- Thread starter Drew
- Start date
If you have a kid in school at FSU, start looking for transfer opportunities like yesterday.
Private equity choads have never made a single thing that they touched better. Your kid will no longer be a student; he or she will be a ledger item on a greedy idiot's balance sheet.
Private equity choads have never made a single thing that they touched better. Your kid will no longer be a student; he or she will be a ledger item on a greedy idiot's balance sheet.
phillionaire
esta noche somos mantequilla
- Joined
- Aug 28, 2011
- Messages
- 3,563
- Reaction Score
- 12,154
Private equity has never made anything worse! This is a great idea!
nelsonmuntz
Point Center
- Joined
- Aug 27, 2011
- Messages
- 44,143
- Reaction Score
- 32,984
This is one of the stupidest investment ideas I have ever heard of. I hope it happens.
HuskyHawk
The triumphant return of the Blues Brothers.
- Joined
- Sep 12, 2011
- Messages
- 32,027
- Reaction Score
- 82,362
HuskyHawk
The triumphant return of the Blues Brothers.
- Joined
- Sep 12, 2011
- Messages
- 32,027
- Reaction Score
- 82,362
This is what the Dennis Dodds article was talking about. I posted it in Key Tweets half hour after it went live, but it was a key tweet. Note, the vision isn't just FSU. It's buying out several key programs, Oregon, Washington, Clemson, whoever is not in SEC or B1G, and building a conference from that.
Third-party influence may soon shake foundation of college football impacting conferences, programs
How does a new conference financed with a $1 billion investment sound to you, college football fan?
FfldCntyFan
Texas: Property of UConn Men's Basketball program
- Joined
- Aug 25, 2011
- Messages
- 12,279
- Reaction Score
- 41,913
Why does this sound like what the top European soccer league clubs attempted a couple years ago?This is what the Dennis Dodds article was talking about. I posted it in Key Tweets half hour after it went live, but it was a key tweet. Note, the vision isn't just FSU. It's buying out several key programs, Oregon, Washington, Clemson, whoever is not in SEC or B1G, and building a conference from that.
Third-party influence may soon shake foundation of college football impacting conferences, programs
How does a new conference financed with a $1 billion investment sound to you, college football fan?www.cbssports.com
HuskyHawk
The triumphant return of the Blues Brothers.
- Joined
- Sep 12, 2011
- Messages
- 32,027
- Reaction Score
- 82,362
It's more like LIV Golf. The only reason you need the PE $ is the GOR and conference buyouts have to be funded. But the PE people would take a portion of the TV deal. The Conference wouldn't really just be a partnership of schools, it would be privately owned. Schools would lose a lot of control.
- Joined
- Feb 7, 2012
- Messages
- 5,648
- Reaction Score
- 24,860
And who would they play beside each other? The other schools can rally together and block them out entirely. FSU is just a petulant child at this point.
Liked because I think this is sarcasm, and that you are not really a choad and a greedy idiot.
This will be the only way to stop this nonsense
Didn't even last two hours.This is what the Dennis Dodds article was talking about. I posted it in Key Tweets half hour after it went live, but it was a key tweet. Note, the vision isn't just FSU. It's buying out several key programs, Oregon, Washington, Clemson, whoever is not in SEC or B1G, and building a conference from that.
Third-party influence may soon shake foundation of college football impacting conferences, programs
How does a new conference financed with a $1 billion investment sound to you, college football fan?
WestHartHusk
$3M a Year With March Off
- Joined
- Aug 26, 2011
- Messages
- 4,567
- Reaction Score
- 13,712
Is FSU going to LIV college sports?
Out of all the realignment, FSU has come out looking the absolute worst. Whining, pouting little children.
Out of all the realignment, FSU has come out looking the absolute worst. Whining, pouting little children.
- Joined
- Aug 13, 2013
- Messages
- 8,509
- Reaction Score
- 8,011
Why not finance athletics off the back of students...FSU has an Athletics Student fee of $7.49 per credit hour...($749 per 100 hours).
If FSU upped their University Student fees to what a few others charge...it might take up a little slack.
If FSU upped their University Student fees to what a few others charge...it might take up a little slack.
- Joined
- Sep 19, 2018
- Messages
- 7,425
- Reaction Score
- 27,736
FSU thinks they are worth more than they are like 70% of the "power" teams. If you're not bringing national championships or a large TV market, then you are basically a freeloader. This is the only way conferences could work under the current model. A couple of breadwinners at the top to pay for all of the other schools that could disappear tomorrow with little impact.
- Joined
- Aug 13, 2013
- Messages
- 8,509
- Reaction Score
- 8,011
I don't mind FSU being the bad guy...the whining is over...this was declarative..they will do what it takes. It's that or fans grumble for the next ten years about how they were shafted by realignment.
But FSU was the 15th most watched team in 2022
But FSU was the 15th most watched team in 2022
- Joined
- Jul 30, 2014
- Messages
- 191
- Reaction Score
- 71
But are they really ready to do something? IMO their's no need to talk, if you have conviction, just do it
- Joined
- Aug 24, 2011
- Messages
- 4,191
- Reaction Score
- 10,697
Amen!
- Joined
- Aug 24, 2011
- Messages
- 4,191
- Reaction Score
- 10,697
I get what FSU is trying to do and I don't see anything illogical about it. That said, this is further evidence that major college athletics quite plainly and simply are heading to a professional sport franchise model. The other point I will make is I would not be at all surprised if this fails miserably. Why watch professional college football when you can watch the NFL. College sports was something very different than the NFL and that difference is being diluted imho.
- Joined
- Mar 30, 2012
- Messages
- 8,617
- Reaction Score
- 25,048
Why does FSU need $300 million from private equity? Only if they are planning to buy the ACC network from ESPN and Raycom.
If they control the ACC network, then they control the media rights of their conference peers. They can say: free us from this grant of rights, or the ACC network is all FSU all the time, and your time slot is 4 am Monday morning.
And then they say: UNC, UVa, etc, you can go to B1G or SEC if you pay us $100 mn to buy out your GoR. It makes financial sense for the top ACC teams and the private equity groups get their money back.
I have to say, that would lead to an immensely entertaining negotiation.
If they control the ACC network, then they control the media rights of their conference peers. They can say: free us from this grant of rights, or the ACC network is all FSU all the time, and your time slot is 4 am Monday morning.
And then they say: UNC, UVa, etc, you can go to B1G or SEC if you pay us $100 mn to buy out your GoR. It makes financial sense for the top ACC teams and the private equity groups get their money back.
I have to say, that would lead to an immensely entertaining negotiation.