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[QUOTE="pokercuse08, post: 5304435, member: 6535"]
The value of college athletics programs can definitely appreciate or depreciate in current form. Syracuse is worth a hell of a lot more now than it was a year ago. UCLA and USC are worth a lot more now than they were a few years ago. The blue bloods are all worth more now than they were 10 years ago. We just don't see a lot of estimates of this value, and there's no open market to prove the numbers from time to time.

But rest assured, the same way a privately owned business can increase in value based on its revenue and profit growth, these programs are doing the same.

Higher returns would offset the higher risk with some programs. Once PE starts buying up pieces, there will be an open system because they will always be able to sell their shares. Given that their share will be attached to revenue, they will be easy to put a valuation on based on projected revenue, current interest rates, etc. There will always be someone willing to buy it, even if it's at 80 or 90 cents on the dollar of that valuation.

I think it's the other way around. Like, PE couldn't get into the NFL until now because the NFL didn't need their money. They relaxed the rules because the Saudis are giving their money away and the NFL owners want a piece. But entities that don't need the cash from PE are harder to break into, and those are the most valuable entities.

So PE can't buy a piece of Ohio State or Michigan or Alabama or the B1G/SEC, but maybe they can buy a piece of FSU and get into the SEC later - at which point they are grandfathered into it and can perhaps influence the conference to allow them to buy more.
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