And fleeced on the process. Schools who ‘opt in’ to the line of credit should be booted IMO. Payday loan for the most part.
FC/OT: Big XII gets in bed with private equity…
- Thread starter Midnighter
- Start date
The b1g was looking into a similar arrangement not long ago. What was the result? As I recall, um and usc were against it, but many other schools, including Dear Old State, were for it.
Think they punted - for now….
The comments on that Ross Dellinger post are scathing (against private equity) - as they should be.
If not for the regents/trustees at UMichigan and USC, that deal would have gone through.The b1g was looking into a similar arrangement not long ago. What was the result? As I recall, um and usc were against it, but many other schools, including Dear Old State, were for it.
I know folks want to hate all things Michigan, but those few folks who stood up (rather than serve as rubber-stamps) saved the rest of their conference brethren a world of pain - because they definitely would have done it, and they definitely would have had their lunch eaten for them.
As frightening as that scenario was (and, I suppose, still is - because who knows if it won't come back around again) it is nice to see an actual manifestation of the level of "unwiseness" that can be avoided when those in governance roles just do their job.
[FWIW: Referring to deals like these as "private equity" is really a bit of a disservice to the term - but it is hard to fight back the momentum once a certain "tag" has been applied]
"RedBird, a New York-based investment management firm with $15 billion in assets and an array of companies within its portfolio, including Paramount Global."
Paramount Global. Not an asset I'd want to present as a centerpiece of my portfolio.
I've always wondered why piracy is illegal when private equity isn't. They are pretty much the same thing.
Name one thing better because of it.
How Private Equity Killed the American Dream
In her new book “Bad Company,” journalist Megan Greenwell chronicles how private equity upended industries from health care to local news—and the ways workers are fighting back.
My company has taken on private equity investments which has allowed for tremendous growth. They have made my company more efficient and have generally left us alone on the day to day. Getting the right fit is key.Name one thing better because of it.
How Private Equity Killed the American Dream
In her new book “Bad Company,” journalist Megan Greenwell chronicles how private equity upended industries from health care to local news—and the ways workers are fighting back.www.wired.com
And the “bust out”, err, private equity deal at Utah begins
https://www.sltrib.com/sports/utah-utes/2026/05/29/utes-begin-unsettling-layoffs/
Thank you Michigan and USC for saving the BIG from itself
https://www.sltrib.com/sports/utah-utes/2026/05/29/utes-begin-unsettling-layoffs/
Thank you Michigan and USC for saving the BIG from itself
My company took on PE for a time around 2018. A bunch of ex-JPM guys. Total douches. Fortunately before a lot of their venal, short-sighted plans could be put in place, they flipped us to another buyer. They did well for themselves, so kudos to their business model, but we all breathed a sigh of relief.
Remember greed is good.
Many of us have seen this show before. PE is another version of a the 80s takeover (information age) in the AI era which was proceeded by outright thuggery at the turn of the 19th century (industrial revolution). Each era has its devilry.
Just to be clear, I'm being facetious. Greed isn't good but remember like yesteryear PE now has its mouthpieces, supporters and those who most likely have the same brainpower as those who loved Wall Street in the 80s for all its "good".
Many of us have seen this show before. PE is another version of a the 80s takeover (information age) in the AI era which was proceeded by outright thuggery at the turn of the 19th century (industrial revolution). Each era has its devilry.
Just to be clear, I'm being facetious. Greed isn't good but remember like yesteryear PE now has its mouthpieces, supporters and those who most likely have the same brainpower as those who loved Wall Street in the 80s for all its "good".
That is one goofy dude and full of himself. So sad when individuals, corporations, or now leagues sign deals with PE people. Again, thank you USC and Michigan for saying no. Hopefully they hold the line.
He does a number of these parodies, many of them really spot on.
This one is for the town where i lived as a teenager and where my Mom still lives (Hingham MA)... dead on accurate
Philly edition! And Tarantino is four and in private polo lessons. Love this.
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Tis dude is hilarious! Spot on with each location.
When a company’s financing needs are bigger than bank loans and not big enough for the public markets, private equity is the middle ground. Like anything else, some private equity firms are pigs and others can genuinely help with growth.