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PE forcing Utah to lay off Athletic Dept. employees
Posted on 5/31/26 at 8:16 am
Posted on 5/31/26 at 8:16 am
quote:
University of Utah’s athletic department began the process to lay off select employees as part of its restructuring following the soon-to-be finalized deal with Otro Capital on Friday, a department spokesperson told The Salt Lake Tribune.
“In preparation for the growth of Crimson Brand Partners (CBP, formerly Utah Brand Initiatives),” an athletics department spokesperson said in a statement Friday evening, “The University has begun the process of transitioning select units of some University operations to the new company. The first step of that process requires the discontinuation of the individual positions in those units through a reduction in force (RIF), to be followed by CBP’s hiring process.”
The meetings were conducted today, the spokesperson said, but the official separation date will not be until June 30. “All impacted employees will have an opportunity to interview for a similar position with CBP,” the spokesperson said
In an email sent to department employees Friday and obtained by The Salt Lake Tribune, Athletic Director Mark Harlan said, “Today marked an anticipated, but still significant, day in the process of transitioning select units of the athletics department to Crimson Brand Partners, as we conducted meetings with multiple staff members in those units.”
“Each impacted employee will have the opportunity to interview for a similar position with the new company, but this is understandably an unsettling process to go through for those individuals. These are our teammates and friends, and we want to make all of you aware so you can be supportive of them during this transition.”
The select number of employees expected to be laid off and potentially rehired at Crimson Brand Partners is currently unknown, and the university spokesperson would not share a number.
Salt Lake Tribune
Posted on 5/31/26 at 8:20 am to prplhze2000
Im just gonna shoot strait with you, i have no idea what you, or in effect the title, or artical for that matter, are talking about
Posted on 5/31/26 at 8:20 am to prplhze2000
frick PE.
It's a malignant cancer that destroys everything it touches
It's a malignant cancer that destroys everything it touches
Posted on 5/31/26 at 8:28 am to lsubatman1
PE = Private Equity
University basically sold the athletic department to a group like BlackRock and now they are going to gut it in the name of profit, will see if Utah's sports gets better or worse, but PE usually bleeds something dry before moving on to the next victim.
ETA: the university says they retain operational control, but time will tell.
University basically sold the athletic department to a group like BlackRock and now they are going to gut it in the name of profit, will see if Utah's sports gets better or worse, but PE usually bleeds something dry before moving on to the next victim.
ETA: the university says they retain operational control, but time will tell.
This post was edited on 5/31/26 at 8:32 am
Posted on 5/31/26 at 8:38 am to lsubatman1
Im just gonna shoot strait with you, i have no idea what you, or in effect the title, or artical for that matter, are talking about
Greedy investment fund with greedy investors took over Utah athletics and is cutting payroll.
Greedy investment fund with greedy investors took over Utah athletics and is cutting payroll.
Posted on 5/31/26 at 8:41 am to prplhze2000
The layoffs will continue until “investors” have all the money and morale improves.
Posted on 5/31/26 at 8:47 am to Dr Rosenrosen
quote:
about Greedy investment fund with greedy investors took over Utah athletics and is cutting payroll.
Is it really that though? I’ve noticed Kyle Whittingham after making the move from Utah to UM football has made numerous statements that leads me to believe he is surprised about how much power, influence and money he is getting to work with at UM.
Posted on 5/31/26 at 9:23 am to s0tiger
quote:
University basically sold the athletic department
Even worse, they sold only the profit generating portion of the athletic department. Football and men's basketball.
So every other sport is still under the athletic department and will be forced to survive without stable funding.
Posted on 5/31/26 at 9:25 am to prplhze2000
To be fair Im assuming ADs and colleges in general are all filled with positions that can easily be eliminated.
This post was edited on 5/31/26 at 9:25 am
Posted on 5/31/26 at 9:31 am to s0tiger
quote:
PE = Private Equity
Thanks. I thought physical education.
This acronym bullshiat needs to stop. I still get pissed at OMG and LOL. (Old people)
Posted on 5/31/26 at 9:33 am to prplhze2000
quote:
deal with Otro Capital
Even a deal with the Devil, himself would be a better deal than with one of these investment firms. You get in bed with the scum of the scum, when you deal with them. Devil is at least up front about his deals. yikes
Posted on 5/31/26 at 9:55 am to MKP2004
quote:
frick PE.
Agreed… but in reality who else could afford or be willing to take the risk financially wise to keep some of these football programs competitive???…
Posted on 5/31/26 at 9:56 am to prplhze2000
I wonder if this played into Whittingham leaving as well.
Posted on 5/31/26 at 9:59 am to prplhze2000
I’m finding it harder and harder to even GAF anymore. Let it burn.
Posted on 5/31/26 at 10:06 am to KamaCausey_LSU
quote:
So every other sport is still under the athletic department and will be forced to survive without stable funding.
No… I think you got a bad reading of it… non revenue generating sports or included in the profit sharing (because how could they not be) … media and certain negotiations for football and basketball will be handled by an outside entity
Posted on 5/31/26 at 10:08 am to mattz1122
quote:
artical
That's Cajun version
Posted on 5/31/26 at 10:17 am to MKP2004
Yea PE always does this. It’s a cancer to anything it touches
Posted on 5/31/26 at 10:18 am to s0tiger
quote:
ETA: the university says they retain operational control, but time will tell
With the PE group terminating employees, it sure doesn’t look like the university is in control
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