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Message

re: PE forcing Utah to lay off Athletic Dept. employees

Posted on 5/31/26 at 6:00 pm to
Posted by thenza
Member since Sep 2013
1678 posts
Posted on 5/31/26 at 6:00 pm to
quote:

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


I love everything about this response and I’m stealing it in the future.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41394 posts
Posted on 5/31/26 at 6:19 pm to
quote:

How has the state legislature not intervened? Public universities should not be able to sell off their athletic departments to investors.


Check the list of campaign contributions avd get back to us.
Posted by lsufanva
sandston virginia
Member since Aug 2009
13680 posts
Posted on 5/31/26 at 6:26 pm to
quote:

It was a better job anyway


Indeed. But for a Mormon? Debatable. Michigan isn't exactly known for its inclusive atmosphere unless stark raving liberal or Muslim. A Mormon is a bit out of place. Seems all 3 involved sold their souls to an extent.
Posted by LemmyLives
Texas
Member since Mar 2019
17317 posts
Posted on 5/31/26 at 6:58 pm to
quote:

Greedy investment fund with greedy investors took over Utah athletics

At the direction of the greedy University of Utah board of trustees, right? Next you're going to explain how AI data centers are an issue, not data centers in general.
Posted by littleavery1948
Member since Oct 2014
6379 posts
Posted on 5/31/26 at 8:05 pm to
quote:

frick PE.



Yup. PE can DIAF
Posted by littleavery1948
Member since Oct 2014
6379 posts
Posted on 5/31/26 at 8:07 pm to
quote:

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.



PE’s number one goal is to screw as many people as possible.


1. Quiet fire by making life hell by
2. Make seemingly nonsensical changes, including removing perks and hiring incompetent leadership who will kowtow to new “leadership”
3. Do mass layoffs; older workers close to retirement are priority (had a co-worker die of a heart attack after being laid off)
4. Scare people into finding other jobs
5. Fire more people
6. Repeat 4 and 5 until you grt what you want

This post was edited on 5/31/26 at 8:14 pm
Posted by chalmetteowl
Chalmette
Member since Jan 2008
55207 posts
Posted on 5/31/26 at 8:39 pm to
quote:

Indeed. But for a Mormon? Debatable.


It’s a P2 now. Michigan is in it and Utah will not be
Posted by RemouladeSawce
Uranus
Member since Sep 2008
18416 posts
Posted on 5/31/26 at 8:55 pm to
quote:

Coming to all schools near you
Some will consider it, but the secure powers (mostly in the SEC/B10) don’t have actual need for hundreds of millions of investment. They already have brand exposure and comically gaudy infrastructure. We’re at a point that I’m not sure it’s even physically possible to improve on some of these locker rooms and other facilities. A school like LSU might need a new basketball arena once every 3-5 decades but you can get financing for it that’s way easier (and cheaper) than turning to PE and everything that comes with it

Utah agreed to this to overcome decades of under-investment and poor exposure relative to the athletic powers because they are absolutely desperate for a seat at the table once we get the inevitable consolidation of power programs away from FBS and free from NCAA oversight. It’s only going to be some schools in the Big12/ACC and a handful of G5 in a similar boat that will realistically consider this

There’s also a decent chance state legislatures (if not Congress) put this notion to bed entirely now that we actually have a case study
This post was edited on 5/31/26 at 9:30 pm
Posted by Raoul Stimulato
Hale Bopp Comet
Member since Sep 2022
2478 posts
Posted on 5/31/26 at 8:59 pm to
quote:

Michigan isn't exactly known for its inclusive atmosphere unless stark raving liberal or Muslim


You seem well-informed.
Posted by Stamps74
Member since Nov 2017
1651 posts
Posted on 5/31/26 at 9:39 pm to
If you sell to a PE , you already know what will happen. Don’t blame the PE
Posted by lsu777
Lake Charles
Member since Jan 2004
38407 posts
Posted on 6/1/26 at 6:34 am to
quote:

To be fair Im assuming ADs and colleges in general are all filled with positions that can easily be eliminated.



correct. as much as I despise PE....the constant using them as some kind of scapegoat gets old and athletic departments are filled bloat. many ADs have become a jobs program
Posted by grizzlylongcut
Member since Sep 2021
15915 posts
Posted on 6/1/26 at 6:41 am to
quote:

Look at what General Election became.


I’m assuming you meant General Electric right? After doing a cursory glance at his Wiki, GE was the most valuable company in the world upon Welch’s retirement. Isn’t that what you want and isn’t that the goal of every business?
This post was edited on 6/1/26 at 7:50 am
Posted by RD Dawg
Atlanta
Member since Sep 2012
28353 posts
Posted on 6/1/26 at 6:51 am to
No problem with the layoffs.P5 AD's have been way overstaffed in recent years along with handing out ridiculous bonuses.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
58651 posts
Posted on 6/1/26 at 6:59 am to
GE was a house of cards that collapsed.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
55207 posts
Posted on 6/1/26 at 7:05 am to
quote:

Some will consider it, but the secure powers (mostly in the SEC/B10) don’t have actual need for hundreds of millions of investment.


We’re in the age of $40 million football rosters and $30 million basketball rosters (and rising) now at that level… they all need more money. They will never not need more money if they’re trying to stay at the top
Posted by ChatGPT of LA
Member since Mar 2023
7399 posts
Posted on 6/1/26 at 8:24 am to
The great thing is when PE actually pulls out of deals....and they will at some point
Posted by EvrybodysAllAmerican
Member since Apr 2013
12917 posts
Posted on 6/1/26 at 9:11 am to
If you thought college sports was getting bad, PE will throw gasoline on the dumpster fire. Colleges that cant afford to compete in the new era will sell out to PE and theyll bleed it dry for every penny.

Just another reason they need to hurry up and set some NIL/transfer ground rules.
This post was edited on 6/1/26 at 9:27 am
Posted by Bama Bird
Pittsburgh, PA
Member since Mar 2013
22953 posts
Posted on 6/1/26 at 9:38 am to
quote:

quote:
I now understand why whittingham jumped to michigan.


It was a better job anyway


There were numerous times where Whittingham could've named the job he wanted and gotten an offer, but he never even showed remote interest in leaving Utah until last year.
Posted by Tiger Prawn
Member since Dec 2016
26187 posts
Posted on 6/1/26 at 9:59 am to
quote:

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???…


Sorry, but PE doesn't give a shite about winning championships. They only care about maximizing profits. Return on investment is PE's championship.
Posted by Tiger Prawn
Member since Dec 2016
26187 posts
Posted on 6/1/26 at 10:04 am to
quote:

athletic departments are filled bloat. many ADs have become a jobs program


Then the university's board and president need to order the athletic director to make staffing cuts to eliminate the bloat and run the athletic department more efficiently....or they'll find another AD who can.
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