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[QUOTE="HtownOrange, post: 5597581, member: 622"]
They would own a share and would be entitled to the portion of any profits, which UU is not generating at this time. It is also presumed they would receive payments against the initial cash outlay, regardless of whether UU makes a profit.

The reality is that in most states, if not all, they cannot force the sovereign to sell assets to cover debts.  Nor will they have final say in management, per the article: it is difficult to imagine where their profits will come from other than payments to repay the initial cash outlay.  I think this is one reason the PE stoped talking with FSU, the State of Florida was not about to cover foolish debts and was not going to allow the use of assets as collateral.

Obviously, they know stuff we don't so they may have other avenues of recouping the cash.  We do know that PE expects a profit, a big profit.  My guess is that if they don't receive returns they would sue the school and ague a breach of contract and/or bad faith.

I don't see the real benefits to either party unless money rolls in.  If the money does not roll in, one or both parties are going to regret the investment.
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