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Private Equity firms looking to invest in college athletic departments

Posted on 5/22/24 at 4:33 pm
Posted by Yaboylsu63
Member since Mar 2014
1539 posts
Posted on 5/22/24 at 4:33 pm
According to the WSJ - two PE firms are looking to make a big investment in 5-10 college athletic departments.

Explain to me how this plays out?
I’m skeptical, because PE firms usually ruin things for the sake of squeezing out a profit.


Posted by DBG
vermont
Member since May 2004
72571 posts
Posted on 5/22/24 at 4:35 pm to
THIS will be the death of college sports. Not NIL, not the transfer portal, nothing.
Posted by RummelTiger
Texas
Member since Aug 2004
90163 posts
Posted on 5/22/24 at 4:35 pm to
LSU gets money in to cover NIL costs and TAF pays out based on annual AD earnings.

Get in on it now and sort it out later.
Posted by saintsfan22
baton rouge
Member since May 2006
71958 posts
Posted on 5/22/24 at 4:36 pm to
quote:


Explain to me how this plays out?

not well
Posted by Willie Stroker
Member since Sep 2008
13119 posts
Posted on 5/22/24 at 4:42 pm to
One thing could be that PE firms encourage more “investment” on players that can be monetized, rather than players that are great additions to the team.

But hopefully the ADs tie revenue sharing based on wins and championships rather than social media likes and follows.
Posted by JetsetNuggs
Member since Jun 2014
14122 posts
Posted on 5/22/24 at 4:45 pm to
They really let the flood gates open up
Posted by POTUS2024
Member since Nov 2022
12100 posts
Posted on 5/22/24 at 4:47 pm to
They've been such a great impact in things like healthcare, what could go wrong?
Posted by Honest Tune
Louisiana
Member since Dec 2011
16009 posts
Posted on 5/22/24 at 4:48 pm to
Jeez this will definitely keep games from being rigged now.
Posted by Nitrogen
Baton Rouge, LA
Member since Aug 2016
4011 posts
Posted on 5/22/24 at 4:49 pm to
Literally LOL’d at the “quick 50-200m” statement no such thing as that, finance bros gonna frick up this sport even worse

not to mention Drew Weatherford, aka the guy behind this, is a top member on FSU’s board of trustees, positioning for a P2 conference
Posted by TROLA
BATON ROUGE
Member since Apr 2004
12560 posts
Posted on 5/22/24 at 4:50 pm to
The box is wide open to the point that this whole thing falls apart at this point.

This is what happens when no true leadership exists and to many hands are out looking for money.
This post was edited on 5/22/24 at 5:05 pm
Posted by Ghost of Colby
Alberta, overlooking B.C.
Member since Jan 2009
11485 posts
Posted on 5/22/24 at 4:54 pm to
RedBird has invested in European soccer clubs (Liverpool, AC Milan), the YES Network (Yankees), and the XFL. Though not directly tied to Amazon, many of their entertainment investments were shows or movies that eventually ended up on Amazon Prime.

I don’t know much about Weatherford other than they have invested in IMG Academy.
Posted by ProjectP2294
South St. Louis city
Member since May 2007
71053 posts
Posted on 5/22/24 at 4:55 pm to
quote:

THIS will be the death of college sports.


Private equity is the death of everything it touches.
Posted by emanresu
Member since Dec 2009
9455 posts
Posted on 5/22/24 at 5:14 pm to
Considering that venture capital is a subset of private equity, that statement is demonstrably false.
Posted by PhilipMarlowe
Member since Mar 2013
20600 posts
Posted on 5/22/24 at 5:29 pm to
quote:

Private Equity firms


Can diaf
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41296 posts
Posted on 5/22/24 at 5:30 pm to
quote:

I’m skeptical, because PE firms usually ruin things for the sake of squeezing out a profit.



and they waited until the schools have to start paying their labor until investing
Posted by TheWalrus
Member since Dec 2012
40950 posts
Posted on 5/22/24 at 5:33 pm to
First they killed Red Lobster and now they are coming after college sports. Why do they hate me?
Posted by Bama Bird
Member since Dec 2011
Member since Mar 2013
19187 posts
Posted on 5/22/24 at 5:36 pm to
Just kill it so we can start over again with twink frat boys on the quad. At least they would've gotten in even if they couldn't play football
This post was edited on 5/22/24 at 5:36 pm
Posted by Pedro
Geaux Hawks
Member since Jul 2008
33835 posts
Posted on 5/22/24 at 5:49 pm to
They should make the universities make pitches like all the cities that begged for Amazon HQ2.

ULM can just send them that picture of the monopoly man with his pockets inside out and the words “plz help”
Posted by VADawg
Wherever
Member since Nov 2011
45250 posts
Posted on 5/22/24 at 5:51 pm to
quote:

I’m skeptical, because PE firms usually ruin things for the sake of squeezing out a profit


So they're no different than the TV execs who are ruining the sport.
Posted by Jack Ruby
Member since Apr 2014
23003 posts
Posted on 5/22/24 at 5:56 pm to
I two years eveyone will be begging for a players union and collective bargaining agreement, salary cap, draft and full NFL structure to clean up the mess that the "leaders" of CFB made.

It's actually amazing how quickly they annihilated and razed what was the prefect American sport...
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