Have you paid attention how Sankey controls and runs the SEC.....the schools have to trust the commissioner to act in their best interest. Due diligence in a matter such as this would be expensive and you'd still have to trust the conference to turn over the material requested as a part of that due diligence.
If they signed over $40M+ worth of media rights without doing proper DD, b/c it's expensive, then shame on them. This is why fraud on the inducement is so hard to prove.
1) Allegedly is a term used when details can not be confirmed for public consumption, most commonly used by journalists, which can save them from defamation lawsuits.
Banks oftern don't require audited tax returns when making $100MM loans. I've represented the purchasers of a business where we requested 10 years of federal and state tax returns, aging inventory accounts and AR/AP accounts, cash flow statements, etc., etcl Received a tax clearance letter from the state (can't get one from the IRS) and when the purchasers filed the following years returns found out that the federal returns provided were never filed with the IRS nor the taxes paid. That is without a doubt fraud in the inducement and my clients were able to get all their money back plus some. If the schools can prove that the ACC Commissioner made a sweetheart deal for their second and third tier TV rights and failed to disclose that, it would definitely be fraud in the inducement. Due diligence is often only as good as the honesty of the parties involved.
Once again, ESPN was not a member to the GOR negotiations and would not be obligated to answer. In addition, the TV media package ESPN signed with the ACC more than likely had a non-disclosure provision in it.....I would have included one.
They were on a 10 year drought. Have won the ACC (weak conference) 5 times in 20 years. Until this past season, teenagers and pre college kids didn’t look at them as a national brand. Kind of like Miami, but slightly better.
It is quite curious why a national brand is so facilities poor. It was a point of contention for Jimbo, and they felt the need to confirm their commitment to increased resources when they announced Norvell's extension. By the time they're done with their ops building, we'll probably be on round one of upgrades to ours. lol
As long as ESPN, ABC, and any other networks think they are a national brand, and the viewership numbers support (of which they do) that thinking, then they are a national brand.
Laughable, truly laughable.
lol. I can’t tell if this is serious. It’s been pretty widely accepted that FSU had fallen way behind in the arms race. They’re JUST NOW getting around to building a football ops building, after talking about it for 10 years. Do better…you’re better than this.
www.slamstox.com
Does anyone think SMU adds anything to the ACC besides a warm body? Does anyone think that any ACC team is jumping at the expense of sending teams to California for events? These were the moves of a league that had few good options and was just kicking the can down the road.
SMU is not necessarily about eyeballs watching, but subscriptions. They can now have the ACCN in DFW, which have around 8M people. It’s the same draw for Stanford…getting the ACCN into the Bay Area.
SMU is a sleeping giant. As you said they can pull in the DFW market, and their alumni base has an obscene and insane amount of money to throw at the program. They just need a reason, and this may be it.
Absolutely agree! Think of the NIL opportunities a young man can have with SMU.
I hope they got it in writing.
Some people are in better position to take advantage or absorption than others. SMU would not be one of the more favored ones.
Plot twist….ND to the ACC bc of the new CFP rules. As it is, ND could go 12-0 ranked #1 and the best they can do is #5 in the playoff and not get a bye. Why would they vote for that if they weren’t planning on joining a conference?
Their rivals are in the Big 10
Look at AAU schools, and then begin to draw your conclusions.
Not so fast, My Friend. What happened with Nebraska is the very reason that solid AAU attainment will factor into future B1G selections.
But their path to the playoff is through the ACC. My guess is the B10 would have loved to bring them on as a non football member, in hopes they'd eventually join 100%. I also thought it was interesting to see how much they lobbied the ACC to bring in Stanford and SMU.
