Can Private Equity benefit college sports?

[bnoro]

UCLA and PSU are in the game:

BREAKING: UCLA Makes Historic Private Equity Deal to Fund Athletics

UCLA and Penn State have reportedly taken on a historic private equity deal with Elevate, a global sports marketing agency, totaling $500 million to help fund t

www.si.com

Glad to see PSU as a guinea pig. Hope it goes as poorly as I expect it will.

 

[HtownOrange]

It will be interesting to see the real deals. as these are two public schools, the details should be made public.
As much as I hate giving FSU credit right now, but their misfortune and probably closer scrutiny because of the AD's financial mess probably saved them from a worse bargain.

 

[javadoc]

Glad to see PSU as a guinea pig. Hope it goes as poorly as I expect it will.

That was a puff piece. What’s in it for the “investors”? Loan shark throwing $500M at a couple businesses that can’t make payroll? Has to be a pound of flesh here somewhere.

And just wait until the employee stakeholders find out what private equity thinks of them. That means you, players!

 

[gbo]

Do Leveraged Buyout firms help any business at all? Feels like CFB is dead...

 

[HtownOrange]

Do Leveraged Buyout firms help any business at all? Feels like CFB is dead...

They "help" relieve them of all cash, hard assets, credibility, and eventually all employees. That's all the "help" I can think they offer.

 

[Hoo's That]

From our board - PSU and UCLA issue denials.

Penn State, UCLA athletic directors deny involvement with private equity funding amid House v. NCAA settlement

The Big Ten schools were reported to have reached landmark agreements with consulting firm Elevate

www.cbssports.com

 

[0.2 YNdeeR]

From our board - PSU and UCLA issue denials.

"Elevate", lol. What's next, World Liberty Ficancial?

 

[orangefog]

We could sign with Chico's Bail Bonds.

 

[SU68]

We could sign with Chico's Bail Bonds.

Oh, you're on a first-name basis with Chico's?