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Can Private Equity benefit college sports?
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[QUOTE="HtownOrange, post: 5304187, member: 622"] Thanks for the explanation. If the PE is in the GP slot, as most interweb mouths seem to indicate, there is no long term benefit to a school or conference to sell out its position. Once sold, there is no return for the school or conference. If the PE is in the LP slot, why are they necessary for a properly run AD. In a poorly run AD, i.e. Rutgers, UConn, FSU, where is the real benefit as they are not likely to ever generate a return on the investment. Essentially, the PE money is a gift to the school. While FSU could conceivably gain a return after a decade or two, a return not likely to meet PE expectations, the other examples {Rutgers and UConn) have failed to attain a limited run in the red let alone run in the black. And this fails to factor in the penultimate mission of the university and conferences. (Recall that conference are combinations/collectives of sports teams from ACADEMIC institutions, so yes, athletics must support the overall mission). Apologies for oversimplifying a response to your oversimplified explanation (I think we can agree a fan site is not the optimal forum to resolve such a complex issue), but I hope you can understand why I cannot yet reconcile the hype from fanboys and talking heads, with FSU's Alford thrown in for good measure. And Alford must be discounted to a significant degree as he is simply wrong on so many fronts. [/QUOTE]
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