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Can Private Equity benefit college sports?
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[QUOTE="OttosShoes, post: 5303692, member: 10231"] You know what happens to cars after insurance companies write them off? They go to junkyards where they can be scraped and parted out for whatever is left of value. That's one of the ways PE makes money. Another [related] way they make money is to corner a market and shut down competition. They could buy, say, all the old Big East programs, cobble together one superprogram that corners the Northeast media market, and shut everything else down. So, unless you want to become a fractional component of the New York City* Scarlet-Irish Eagle-Panthers, you want PE to stay the @#$# away from Syracuse. *The NYC Scarlet-Irish Eagle-Panthers play at Met-Life so technically they are in NJ. [/QUOTE]
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