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re: Unconfirmed reports that LSU athletics made a private equity deal.
Posted on 8/3/26 at 4:44 pm to Fun Bunch
Posted on 8/3/26 at 4:44 pm to Fun Bunch
Honestly, what else would a private meeting with the AD, TAF leaders, and the whales of the donors be about?
Even more likely after they told us that they pinky promised that that wasn't the purpose of the meeting.
Even more likely after they told us that they pinky promised that that wasn't the purpose of the meeting.
0
Posted on 8/3/26 at 4:44 pm to Fun Bunch
Given the current trajectory college football has been on since 2020, this is very much unsurprising and it is only a matter of time this happens for all schools. Not if but when.
By 2030, PE firms with colleges will be old news. It will be all about each college getting their own data center!
By 2030, PE firms with colleges will be old news. It will be all about each college getting their own data center!
This post was edited on 8/3/26 at 4:50 pm
Posted on 8/3/26 at 4:45 pm to Monday
quote:
What if LSU is the "private equity" firm
LSU is a public university and, by definition, not a private equity firm. TAF or Bayou Traditions or some new entity, let's call it Bayou Equity, may be able to be classified as a private equity firm.
Saying private equity may not mean what people are jumping to as a conclusion.
People tend to think of leveraged buyouts, effectively the home flippers or storage unit buyers of the business world, when they think of private equity firms.
There are also venture capital firms, which can end up looking like the whole Shark Tank scenario of funding startups or newer companies with high-potential products or services in need of funding. Those can end up looking a lot like the flippers in some cases.
There is also the growth equity model that invests in established companies to provide funding for expansion or acquisitions. This sounds like what LSU would be looking for if they are indeed going down this path. The key for LSU will be to maintain. It was what was, at one time, called getting private investors; now there are just groups set up that actively look for those opportunities.
I don't love the idea but I also don't see it as the sky is falling.
Posted on 8/3/26 at 4:45 pm to mjax57
quote:
If true, people always say TS is corporate tickets. We will most likely be forced out of tickets with a PSL.
The yearly TAF fee in order to buy season tickets is already essentially a PSL. Instead of a large chunk up front you pay it every year.
Posted on 8/3/26 at 4:50 pm to mdomingue
Pooling booster money into an entity that invests in LSU, in exchange for some control and return on investment, seems like where this may be going.
The entity would have a Board, etc. and they'd vote on what direction they want to provide LSU, then, depending on their level of control with LSU athletics, would push for certain things.
It would be interesting to be a fly on the wall for these meetings of super rich boosters all in one room deciding the fate of LSU athletics.
The entity would have a Board, etc. and they'd vote on what direction they want to provide LSU, then, depending on their level of control with LSU athletics, would push for certain things.
It would be interesting to be a fly on the wall for these meetings of super rich boosters all in one room deciding the fate of LSU athletics.
Posted on 8/3/26 at 4:51 pm to ThePoo
quote:CFB was operating on an uncompensated workforce thanks to the NCAA. That kept costs unrealistically low. The workforce is being competitively compensated now. Labor costs have gone up.
the true reason it sucks is because cfb is such that it has become necessary
Posted on 8/3/26 at 4:52 pm to apacheba
quote:
I smell jeff landry.
I don't know about that.
If a private equity deal was done, then the PE firm would presumably have significant influence in athletic department decisions. Which means the governor has less influence over important decisions. That doesn't seem like Landry's M.O.
Posted on 8/3/26 at 4:54 pm to CatfishJohn
quote:Explicit control does not have to be, and likely would not be, part of the deal.
Pooling booster money into an entity that invests in LSU, in exchange for some control and return on investment, seems like where this may be going.
The entity would have a Board, etc. and they'd vote on what direction they want to provide LSU, then, depending on their level of control with LSU athletics, would push for certain things.
It would be interesting to be a fly on the wall for these meetings of super rich boosters all in one room deciding the fate of LSU athletics.
Posted on 8/3/26 at 4:57 pm to mikesliveisacheater
I miss the old days where our funding went to facility renovations, stadium upgrades, expansions and upgrades to fan experiences.
Posted on 8/3/26 at 4:57 pm to Tiger Prawn
quote:
Which means the governor has less influence over important decisions. That doesn't seem like Landry's M.O
Unless those seats at the table are his same fishing and hunting buddies that have been financing his campaign the whole time.
Posted on 8/3/26 at 4:58 pm to Salviati
quote:
Explicit control does not have to be, and likely would not be, part of the deal.
Not explicit, but some minority seats at the table where decisions are made with voting rights (and potential veto power), I'd imagine. Very common in business.
Posted on 8/3/26 at 4:59 pm to Tiger Prawn
quote:A private equity deal does not, and most probably would not, mean a 100% acquisition.
If a private equity deal was done, then the PE firm would presumably have significant influence in athletic department decisions. Which means the governor has less influence over important decisions. That doesn't seem like Landry's M.O.
The private equity firm would most probably acquire a minority share.
The minority share would most probably be of a commercial entity that pools income and does not control operations.
Posted on 8/3/26 at 4:59 pm to Fun Bunch
Who the hell is red eye??
LSU is NOT going PE. Whoever is pushing this anonymous article is an idiot or a liar
LSU is NOT going PE. Whoever is pushing this anonymous article is an idiot or a liar
Posted on 8/3/26 at 5:00 pm to Fun Bunch
The death of LSU athletics if so.
Posted on 8/3/26 at 5:03 pm to cajuntiger1010
quote:
LSU is NOT going PE.
As covered in this thread, "PE" doesn't necessarily mean we're getting in bed with a BlackRock or KKR.
PE firms can be money pooled together with boosters, who have certain rights within said PE firm based on their capital contribution. Said PE firm then gets some sort of seat at the table when decisions are made in LSU athletics. This would usually be a rotating board seat(s) occupied by member(s) of said PE firm. They also get a return, pro rata, based on their contribution as a % of an overall fair market value assessment done on LSU athletics.
So say FMV says LSU athletics would be valued at $1b on the open market for 100% of the business. A PE firm of boosters contributes $100m and they own 10% of LSU athletics, get some voting rights, and get 10% of profits going forward.
(all made up numbers)
Hopefully it is LSU boosters and not some outside group. Aligns better with fanbase, for obvious reasons.
This post was edited on 8/3/26 at 5:05 pm
Posted on 8/3/26 at 5:03 pm to CatfishJohn
quote:You contradict yourself. Minority seats with voting rights and potential veto power IS an explicit grant of control. It's not majority control, but it's an explicit grant of some control.
Not explicit, but some minority seats at the table where decisions are made with voting rights (and potential veto power), I'd imagine.
Posted on 8/3/26 at 5:04 pm to mjax57
quote:
true, people always say TS is corporate tickets. We will most likely be forced out of tickets with a PSL. The entire lower bowl will be corporate (even the end zones). Take it in while we can, because even the middle class will be priced out when PE starts looking at bottom lines.
jeez the hyperbolic reactions herePosted on 8/3/26 at 5:04 pm to cajuntiger1010
quote:RedEye is a media outlet founded by JR Ball.
Who the hell is red eye??
JR Ball has been deeply involved in Baton Rouge business, Baton Rouge sports, and LSU sports for decades.
This post was edited on 8/3/26 at 5:08 pm
Posted on 8/3/26 at 5:07 pm to TexasTiger08
That idiot is an sec rant shitter. Just ignore him.
Posted on 8/3/26 at 5:07 pm to Salviati
quote:
You contradict yourself. Minority seats with voting rights and potential veto power IS an explicit grant of control. It's not majority control, but it's an explicit grant of some control.
You can be have different thresholds for voting. I'm on a board with 1 other guy that represent our company. We can veto transactions/investments over $10m that require consensus, but others we cannot.
It's more complicated than that, but that's the gist.
Basically, we don't have "control" unless there is something that requires consensus and we can be a thorn.
Who knows what this setup will be like.
ETA:
Maybe using explicit was wrong...
This post was edited on 8/3/26 at 5:09 pm
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