Amateur Athletics: Bring on private equity

[Podgy]

Where's the Saudi money? Might get an SEC investigation right after an invite from the SEC.

"Florida State University is working with JPMorgan Chase to explore how the school’s athletic department could raise capital from institutional funds, such as private equity, according to multiple people familiar with the plans." Florida State Taps JPMorgan for Equity Raise as ACC Decision Looms – Sportico.com

 

[PooPopsBaldHead]

Where's the Saudi money?

Well considering the Saudi minister of investment is an Aggie I'll give you one guess. The reality is it's probably been there for years. Here he is with Rick Perry and ExxonMobil CEO Darren Woods getting honored at Kyle Field a few years ago.

They are the absolute worst.

 

[57stratdawg]

Can’t wait to tell Saudi about our bowl streak.

 

[PK Dawg]

Can’t wait to tell Saudi about our bowl streak.

Don’t forget to mention our baseball stadium

 

[patdog]

Other than Mississippi State, college sports is dead to me. NIL abuse, total unrestricted free agency every year, and conference realignment and greed have killed it. I’m watching professionals.

 

[karlchilders.sixpack]

Other than Mississippi State, college sports is dead to me. NIL abuse, total unrestricted free agency every year, and conference realignment and greed have killed it. I’m watching professionals.

Agreed, and my question is, how long will College fans, feed this animal?

 

[patdog]

Does anyone else see this as a desperate and dangerous move for FSU? You’re essentially borrowing against future revenues. And you have to provide a high rate of return to get private equity funding. You’re gonna lose control of your athletic dept (private equity WILL control it). And you’re going to ensure you’ll be behind your peers financially for decades to come.

 

[BirdPuppy]

Does anyone else see this as a desperate and dangerous move for FSU? You’re essentially borrowing against future revenues. And you have to provide a high rate of return to get private equity funding. You’re gonna lose control of your athletic dept (private equity WILL control it). And you’re going to ensure you’ll be behind your peers financially for decades to come.

Can’t wait to see KKR implement a sale leaseback on Doak Campbell and send them to CUSA in 10 years.

Private equity is brilliant at exploiting gaps in the legal code and blowing up their subjects while extracting as much value as possible. Their athletic department will be in shambles over the medium term if this were to happen.

 

[GloryDawg]

Does anyone else see this as a desperate and dangerous move for FSU? You’re essentially borrowing against future revenues. And you have to provide a high rate of return to get private equity funding. You’re gonna lose control of your athletic dept (private equity WILL control it). And you’re going to ensure you’ll be behind your peers financially for decades to come.

Could they set up their own equity fund and hire their own People to run it. ?

 

[The Peeper]

Other than Mississippi State, college sports is dead to me. NIL abuse, total unrestricted free agency every year, and conference realignment and greed have killed it. I’m watching professionals.

I'm the same except I dropped pro's first back when "take a knee" became a thing. Since I did that my weekends seem so much longer now since I got Sunday afternoon freed back up for me and the family.

 

[HammerOfTheDogs]

Other than Mississippi State, college sports is dead to me. NIL abuse, total unrestricted free agency every year, and conference realignment and greed have killed it. I’m watching professionals.

We've been watching them for decades.

 

[thatsbaseball]

Hell of a time to have mostly "friends in low places".**

 

[jethreauxdawg]

JP Morgan investing in college athletes? Sounds shady enough for Crab Legs U
Hey Women’s tennis team, Epstein Enterprises on line 1.