Reply to thread

Message

[QUOTE="HtownOrange, post: 5596997, member: 622"]
I would love to read the agreements.  UU being a state school, thus they likely enjoy the State's sovereignty, probably cannot be forced to sell or transfer property.  The PE firm seems to have valued the deal at a very hight rate, offering UU $500M up front.  To be clear, that is more than 20% of what the B1G was offered for the ENTIRE conference of 18 schools, for one school, not noted as a true power in athletics (yes, they have had decent success in football, but not sustained, not at the highest levels, not a huge TV draw, in the fourth highest conference, etc.).

The school had a $126M AD budget with $17M in deficit spending, or $109M in revenue.  This sounds more of desperation and short term thinking in exchange for a chunk of the profits in perpetuity.  There is never a break even point as UU will be in the hole from the beginning with no ready means of escaping the loss of revenue exchanged for the up front cash.

At some point, I see UU being forced to exercise sovereignty to stop the bleeding and then to hopefully get out of debt.
[/QUOTE]

Verification

What is a Syracuse fan's favorite color?