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[QUOTE="HtownOrange, post: 5304221, member: 622"]
I agree with Item #1.  Alford fooled everyone into thinking he could pressure the ACC and ESPN to his will while conning the SEC and/or B1G to offer FSU sanctuary following their bullied exit from the ACC.  He lowballed the ACC with an offer to pay an exit fee of $100MM (less than the agreed upon exit fee) and receive FSU's TV rights back for free.  It came out that FSU does not have $100MM to back this offer.  If I recall correctly, then Alford reached out to PE for the exit fee.  Then reality hit and Alford and FSU have been backtracking since.

Regarding Item #2, the issue remains that the PE will want a big return.  Assuming another GOR is worth breaching (it isn't per UT, OU, USC, UCLA and FSU but set aside this evidence to date for the sake of argument) this leads to two questions: 1) How will the acquisition generate sufficient returns for a PE investment? and 2) Wouldn't it be wiser to hire consultants/advisors to ensure the proper analysis and legalities have been met before acquiring a new school?

P.S. Thanks for your responses, and for t hose of others adding insight.  This is what I am looking for, though it appears I am being combative, I am using this to further my understanding of the issue.  While I am not convinced I should trade in my position, I remain willing to look deeper into the matter before taking a firm position.
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