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Can Private Equity benefit college sports?
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[QUOTE="HtownOrange, post: 5303625, member: 622"] Like you, I am no expert in PE. This thread is an exercise in what could be, a thought exercise or brainstorming, or whatever. In response to your question, no I cannot think of a consumer benefit received from PE involvement. I am sure there is some, but as noted above, PE usually does things only for their profit, they don't truly build enterprises and develop markets. I hear the same, that PE investment is inevitable, but I see no forward movement and I cannot find serious discussion supporting PE involvement. Even FSU's AD Alford, who floated the suggestion to benefit FSU, has backed away from discussion PE involvement. I think that mouthpieces are only seeking clicks but have no knowledge. Too many forget that academic institutions are "ACADEMIC" and not sports oriented. Sport augment the academic mission and make up 5-10% of a university's revenue but rarely dominate the budget. While we think $10MM, $20MM, and even $50MM is a lot of money, SU's budget is roughly $1.5BB. [URL]https://finance.syr.edu/wp-content/uploads/2023/11/SUBFAS_FR23_Web_FINAL-s.pdf[/URL] Sports simply is not that big of a sector of university business to affect the major decision making and the headaches that PE would involve. Just an opinion, to which I am willing to review credible supporting analysis before taking a hard stand. [/QUOTE]
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