Football Big Ten Conference discussing $2 billion private capital deal
- Thread starter Alec Crouthamel
- Start date
Water under the bridge at this point. Had to do with me questioning the reported terms of the B1G deal.
well you and I were right. My BIG sources is still impeccable......
terrible deal for the BIG and most schools. Also, UCLA has some political considerations with the deal that were not made public.
A one week ban for questioning a
ty deal?The deal sucks and any institution who signs away their rights for that long deserves utter failure.
He got the ban when he questioned the B1G tv deal, not the PE deal, might want to read what he wrote before posting BSA one week ban for questioning a
The deal sucks and any institution who signs away their rights for that long deserves utter failure.
Dellenger:
"Big 12 presidents and chancellors recently authorized commissioner Brett Yormark to take another step toward finalizing a credit deal that, if all schools choose to participate, would deliver $500 million to Big 12 members and create a strategic business partnership with the firms," Dellenger's article says.
In other words, the Big 12 conference is begging for a $500 million loan from Wall Street hustlers.
What's more, "The firm is also offering roughly $30 million to each member school in a capital credit line at a reduced rate." Now the athletic departments are lured in to borrowing money they can't repay.
The athletic directors know their departments will never generate the profits to pay back the loans. What do they care? The ADs are long gone before the money is due.
"Big 12 presidents and chancellors recently authorized commissioner Brett Yormark to take another step toward finalizing a credit deal that, if all schools choose to participate, would deliver $500 million to Big 12 members and create a strategic business partnership with the firms," Dellenger's article says.
In other words, the Big 12 conference is begging for a $500 million loan from Wall Street hustlers.
What's more, "The firm is also offering roughly $30 million to each member school in a capital credit line at a reduced rate." Now the athletic departments are lured in to borrowing money they can't repay.
The athletic directors know their departments will never generate the profits to pay back the loans. What do they care? The ADs are long gone before the money is due.
People cant hardly afford pet care because PI caused prices to rise after seeing that that more people were getting pets and were treating them like children. PI flocked-in to acquire animal hospitals and vet offices in order to inflate prices. They also lowered pay and now less people can afford vet studies because they know they can't pay back loans based on lowered pay.
It was PI algorithms that showed colleges how to skyrocket cost of tuition. PI raised prices in Vegas so that visitors get dinged at every turn. PI helped inflate home prices. PI leaves a wake of sociopathic destruction wherever is goes. Keep PI at a distance imo because they will want your wallet (and your pets)
It was PI algorithms that showed colleges how to skyrocket cost of tuition. PI raised prices in Vegas so that visitors get dinged at every turn. PI helped inflate home prices. PI leaves a wake of sociopathic destruction wherever is goes. Keep PI at a distance imo because they will want your wallet (and your pets)
You just knew it was going to happen. Eventually they'll sell off everything. Private equity is the root of all evil.
PE in news for pillaging youth hockey. States like CT and PA working to get PE out of youth sports like hockey. The PE crews make things sound like they are seeking to help this or that in sports but they are pillagers who balloon costs and want to rip everyone off for every little thing. They are like an opportunistic infection
Parents can be banned from videotaping their kids games and forced to subscribe to a a company provided
video service.
Lord of the Rinks. Meet the hockey CEO cashing in on your kid's team
Murry Gunty and Black Bear Sports built a hockey empire, turning the youth sport into a profit machine for wealthy investors.
www.usatoday.com
Ban Parent Video
Private Equity’s New Venture: Youth Sports
Backed by Wall Street, the company Black Bear Sports Group is tightening its grip on youth sports. In a scheme only private equity could dream up, parents now can’t record their kids’ games — but they can pay a steep price to watch corporate recordings.
jacobin.com
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This situation wouldn't exist without parents fueling it all.PE in news for pillaging youth hockey. States like CT and PA working to get PE out of youth sports like hockey. The PE crews make things sound like they are seeking to help this or that in sports but they are pillagers who balloon costs and want to rip everyone off for every little thing. They are like an opportunistic infection
Parents can be banned from videotaping their kids games and forced to subscribe to a a company provided
video service.
Lord of the Rinks. Meet the hockey CEO cashing in on your kid's team
Murry Gunty and Black Bear Sports built a hockey empire, turning the youth sport into a profit machine for wealthy investors.www.usatoday.com
Ban Parent Video
Private Equity’s New Venture: Youth Sports
Backed by Wall Street, the company Black Bear Sports Group is tightening its grip on youth sports. In a scheme only private equity could dream up, parents now can’t record their kids’ games — but they can pay a steep price to watch corporate recordings.
My daughter, 12, and ex-wife are at LGA right now headed to Hilton Head for a gymnastics competition. Ridiculous. She wanted me to pay for all this travel and hotels - nope. I pay the gym fees, nothing more.
These kids gymnastics competitions sell tix for $20 per person. I've been to gymnastics world championships where tix cost $20.
The gymnastics meet awards ceremony takes as long as the meet. It should be the top 3 get medals. I've seen podiums with like 11 and 17 spots. Even the parents are given medals.
I think my Little League team had four bats total. Now each kid has four bats.
Rant over.
The $40 Billion Game of Youth Sports Has Only One Winner: Dick's Sporting Goods (paywall).
DKS +5,989% since 2002 IPO, with most of it coming over the past few years. This is what private equity investors see when they go into youth sports.
DKS +5,989% since 2002 IPO, with most of it coming over the past few years. This is what private equity investors see when they go into youth sports.
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Seems this was an expected outcome.
They being "fired" from the AD and being rehired as employees of the private company.
There would be no need for PE money if the ADs had some semblance of fiscal responsibility.
But the fans don't want fiscal responsibility.
So who is really at fault?
You are 100% correct.
Plus all the training and hours.
Note - my 10U son has 4 baseball bats and literally has practice/games 7 days a week (2 baseball teams plus 1 soccer team).
And my 9U daughter got a $400 softball bat for Xmas.
My wife and I fully understand we are 100% part of the problem.
We're not complaining.
Luckily we've been successful enough to provide for our kids.
as someone that is spending the summer traveling the Eastern Seaboard for baseball, I get it but it's only money and memories are great. I do get it though
Why do this? Genuine question, not a backhanded comment.
My kids are around the same age. Have talked about it a few times and just doesn't seem worth it for anyone. Honestly just feels like a way to make kids sports big business.
But curious on thoughts from the other side.
To each their own on how they raise their kids and make memories. Nothing wrong with getting your kids into travel sports if they are into it. I hear some parents complaining about the nonstop travel over weekends and the cost. Free time and unstuctured play time are great too.
Because my kids want to.
And we can.
Keeps them off screens.
People say "Dont force them to play".
I'd love it if they didnt want to play as much.
People also say "Let them play all the sports. Dont specialize."
My kids have zero interest in other sports.
Football, basketball, lacrosse, hockey? Nothing.
Only baseball/softball and soccer. So they play both year round.
My daughter did both baseball and softball last spring (plus soccer) she would complain about the schedule.
I told "Ok. We'll make it work for now. Maybe next year you only play on 1 team and not both?"
She would get furious "Oh!! I knew you were going to say that. You always say that when I say I'm tired."
Luckily she decided not to play travel baseball again this year.
Fans want to win and that requires schools keeping up with the Joneses. There’s never accountability, including from losing HCs and loser fans who ***** about donation levels.
Unstructured play time = wiffle ball and playing catch or kicking a soccer ball
Usually in the house
I walked in on my daughter (9yo) put on her catcher shin guards last night and was catching/blocking against a net in the house.
It never stops.
Makes sense.
Guess I need to be more thankful that my kids prefer to do several sports and activities over specializing. And that there's no comp team or equivalent for their favorites.
Push would have to come from me, and ...nah
That's the funny part ...like, don't do all that, then.
Kids are probably complaining to each other too.
I think that largely depends on the kids. Some kids live for sports, and for them,ore sports works for them. Some kids are not so into sports and rec league is fine, and they have time for other activities they enjoy.
Happened yesterday at University of Utah.
"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," Utah's AD wrote to his staff.
UU plans to sell its athletic department to a private equity firm that runs youth sports operations.
I worked in the ice rink industry for about 10 years and the big problem I saw was that rec leagues were quickly disappearing because there is much more money to be made off of travel, and the result is that travel teams become the only option. Growing up in the 90s, everyone played rec league and the select few who were good enough would play travel. Eventually people realized that instead of charging most of the customers a few hundred bucks a season for the rec league, you can create travel teams at lower skill levels so that you can rope those same kids in for $4500+ a year, plus force them to buy the $500 uniforms, warmup suits, apparel, etc. If you have 10 kids get cut from the travel team, just add another team at a lower level. "If you don't make the team, we'll make a team for you."
It's bad for the sport because many families are unable or just unwilling to put up the massive financial and time commitment involved with being on a travel team, and for many kids that level of commitment is too much to be enjoyable, so you have fewer people playing than you would if rec leagues were still the norm. I grew up playing only rec league and most of my life has revolved around hockey. If the landscape of travel vs. rec league in the 90s was how it is currently, I probably wouldn't have played any sports because I just wasn't that competitive as a child even though I loved playing, and my parents felt such a large time commitment would take away from doing well in school.
Now of course there is a place for travel sports, I'm not saying travel is bad. It just shouldn't be the only option.
100%, ours is different than what you are referencing but I see that as well. I think travel under 8th grade is somewhat absurd. I also think the money that parents will spend on lessons and teams equally absurd for kids that won't play in any legitimate HS program or past his in any program of merit. The problem is parents are 'keeping up', have their own ego needs, or think their kids better than they really or will develop. Those are the 3 I see and I've been embedded in this stuff enough to be ground floor or in the kitchen so to speak.
My kids are adults now, but when they played sports 2008-17, started to see the divide between rec league and travel. There were definitely parents spending absurd amounts of money on lessons, camps, travel and pushing their kids to be the next MLB star. Was happy with our kids being average rec league athletes, but I always stressed to them the life lessons of playing sports - team work, socializing, and working on improving your skills.
Sounds like from robcac's post above the travel scene has expanded and there may be a bit of a money grab going on.
One aspect thatay be overlooked is some kids will get favorable admissions treatment and or financial aid help of they excel in sports. As long as the kids are having fun and enjoying the journey, it's all good!
How dare you.
I represent that comment!
My son had some bad swings in his tournament last weekend.
My wife immediately asked "when was the last time he had some one on one lessons?"
Note - he does a 2hr group session once a week with his club team.
As I said above - we are the problem.
And we are actually somewhat reasonsble (of the bad group).
There are kids who get new $300-400 bats every year.
Dont want to trigger RutgersAl but imagine if we gave all this money for a Fieldhouse instead???
One problem I've come across - we live in a small town.
Rec baseball ends at 2nd grade.
Rec softball is non existent.
Even travel - we have 1 team for most ages.
Not to brag - but my daughter at 9 could probably play on our lower 12U team. At least hold her own.
I think its a NJ problem?
"County" wide rec programs don't seem to be suitable.
We had friends who did Union County Little League and said the level of play and coaching was very low compared to even our small town travel team.
Rec baseball ends at 2nd grade.
Rec softball is non existent.
Even travel - we have 1 team for most ages.
Not to brag - but my daughter at 9 could probably play on our lower 12U team. At least hold her own.
I think its a NJ problem?
"County" wide rec programs don't seem to be suitable.
We had friends who did Union County Little League and said the level of play and coaching was very low compared to even our small town travel team.
lol
you'll see more of what I mean when he gets older and playing on some of these travel teams.
also, his age, the kids are still growing so that means constant re coordination so swings, fielding, throwing is always going to be less consistent.