There’s a rumor that private equity is about to get involved with LSU
- Thread starter 615dawg
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I would argue the quality that non-revenue sport athletes and fans receive at SEC and other p4 schools is very, very high
So far the only mention I’ve heard of the elimination of Olympic sports is from some of the “experts” here. As someone pointed out earlier, there are boundaries around that.
My point is that programs that don’t necessarily make the bottom line have high standards from facilities to travel to benefit for students (healthcare, scholarships, pay, etc)
Compare that to how athletes in real businesses are treated (minor league baseball, WNBA, and so on), and I think we could all agree the quality in college athletics is very high. But as I said earlier, college athletics isn’t a real business, and as many others have said in the thread, that alone makes PE an odd fit for this model unless you are willing to sacrifice something. Up to this point nobody has been willing and/or able to make that sacrifice
Oversimplified explanation is they kept some subsidiaries of the company, so they had to come up with an allocated value for the subsidiary they were selling off. Nobody could really follow the math but at the end of the day they basically gave us about 80% of what the original award was supposed to be. Supposedly this represented some growth over what the allocation was 6 months prior but who knows because that was never shared.
I don't think the SEC gets a say in how LSU is run.
Florida's athletic department is a separate entity from the university.
Vanderbilt's athletic department is in their Student Life Office.
If the state of Louisiana and LSU want to do this, the SEC will not have a say.
Wonder if PE will cut LSU's baseball program? Does LSU make money from baseball?
Schools are
There are all kinds of deals being done outside of the purview of a conference office to enhance revenue. The talented college administrators (unicorns) will lead. The others will either follow or get out of the way.
Utah finalizes college sports’ first single-school private equity deal, sets up new commercial entity
AD Mark Harlan said he was “very comfortable” with the governance structure and steps the Utes have taken to protect themselves financially.
www.nytimes.com
UK, JMI Sports Ink Historic Multimedia Rights Deal, Focused on Financial Stability, Opportunities for Athletics
Deal ranks among the largest in college sports, advancing UK Athletics' competitive and financial future
ukathletics.com
Why are college sports and private equity converging? Here are the best-case scenarios
Private equity cash infusions into college sports come with plenty of much-discussed criticism and skepticism. So what's the case for it?
www.nytimes.com
well they didnt reinstate the tennis bc of courts....former players and alumni rallied to raise enough money to temporarily reinstate the tennis programs.....the AD said they still dont have a long term solution to keep those programs going. But i agree with your overall point....once they start cutting a lot of women's sports, congress will be forced to intervene
By quality I mean having a good team and program that wins. Boosters "invest" to win games at the school they have pride in. They want everything to be top notch. The PE firms invest to generate revenue.
Yeah, I was curious if the original board just blatantly ignored their fiduciary duty and took a deal that screwed employees vs something more complex that happened later. Not surprised that it was something nebulous that hurt employees while still giving some payment and being likely to hold up in court
Yeah, need to go ahead and make it official that college sports will fall into a farm system for the NFL. Much like AAA, AA, & A football. MSU would likely end up with a AA franchise. Teams like Ohio St., BAMA, TX, TAMU, UF, UTK, Penn. St., etc would get the AAA franchises.
STTDB. can’t believe it hasn’t been said already.
I think it is. College in general is about investment in people. Not making as much money as possible. There’s plenty of money available, PE isn’t needed.
And it won’t last anyway. For reasons that have been discussed as nauseum.
Explain why you like it and why it will last. It is simply a desperate move to win in the here and now.
It's just a matter of time before olemiss figures out they want to do it and calls their cigar boys in. They don't give a **** about the long term effects either. They just want to win now. And they won't be able to stand it if the real bluebloods like LSU, UF, or UT are doing it.
You are pro private equity in college sports yet complain about how much the sport has changed? Maybe the most dumbass stance I've ever heard. You cannot be serious.
You start this thread by asking to explain it to you like a 9th grader. Then a few minutes later it’s “I’ve heard enough, it isn’t going to work”. You either had already formed your opinion before you ever started or you formed your opinion from a few posts on the ******* sixpack. One makes you a liar/troll, the other makes you look foolish. But we’ve all learned over the years that both can be true with you. In other words, and both.
If you really don’t think it will work, I really like its chances along with reasons that I have given here for sometime (I’ve seen it work in both short-term and long-term deals and we’ve all seen the incompetence of athletic administrators).
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Explain your position, instead of attacking mine. I’m all ears. You’ve seen it work, great. In college sports?
WTF are you talking about. I think paying players was long overdue and it has made play on the fields and courts much better (and the TV ratings support that). I just think the lack of business acumen at the college admin levels warrants outside intervention. And given how none of them seemed to see this coming, I don’t know how anybody could argue against that.
Have you seen it not work in college sports? That’s what I thought. There will be plenty of opportunity to see it work in college sports as they enter the space. I’ll bet on smart business people over a bunch of athletic administrators every ******* time.
Paying players is fine no one is against that. You seem to be in the minority that believes that PE firms will improve the situation. I hope your are right. From what I've seen the usually milk established brands dry and then hack up the remains and sell them before moving to their next venture. If you like these firms business models and think they are good for the long term health for college athletics then we are just going to have to agree to disagree
You don’t think there aren’t people against paying players? Are you living in a bubble?
In this thread where you are currently arguing. We are anti PE not anti paying players. You argued against a point no one was making.
YOU brought up that I was complaining about how college sports have changed. I just assumed you were referring to pay-for-play because THAT is the biggest change the space has seen since integration. So in other words, YOU moved the goal posts.
What goalposts? I said I dont like private equity which is true. I said that you don't like the current state of college sports which you said. I haven't change my point at all. You made an incorrect assumption and argued against a point I didn't make.
Let’s recap with facts. L4 said PE would likely to be the final nail in the coffin and that it’s not college sports anymore. I think college sports are trending from opposite of nail in the coffin. Seems to me, you have your posters mixed up.
Another fact: you didn’t just say you didn’t like PE, you said “PE makes everything they touch worse”. That’s a big ******* difference. And it simply isn’t true. I’ve seen PE work first hand.
You’re not being honest.
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