For those who don't realize how much money is involved in prep sports

[cliftonparksufan]

The owners of IMG Academy just sold them for 1.25 Billion. Yup Billions.

#linkedinsports | Front Office Sports | 12 comments

Endeavor is selling IMG Academy to private equity group BPEA EQT for $1.25 billion. The prep boarding academy and athletic training campus in Bradenton, FL has over 1,000 students enrolled and regularly produces 5-star recruits across several sports. Read more » gofos.co/3oGBNDV...

www.linkedin.com

 

[Cuse181]

Wow, did not have prep schools on my list of PE acquisition targets.

 

[cliftonparksufan]

Wow, did not have prep schools on my list of PE acquisition targets.

That was my first thought. Must have a good balance sheet. No debt.

 

[NYCCuse826]

Didn't know Endeavor (UFC/WWE) owned IMG.

 

[All4SU]

All of their assets are (still) growing.

 

[pfister1]

Gone are the days when the Prep Schools purpose was solely to prep kids to go to college. IMG Academy is BIG business!!

Tuition to attend IMG which was only $78,000.00 in 2019 is now $84,400.00 ... if you don't live on campus you can get away with $67,400.00!! That's a lot of Money. And only 1,400 students attending last year. Hmmm... rough math that's more than $94 million in tuition without taking into account any scholarship money they be awarding.

You can buy IMG Apparel online; get a "nice" sweatshirt for $85

And they haven't exactly allowed their facilities to become rundown .... like a lot of colleges you could be Prepping to go to....

And they make you live in a dump like this......

 

[oldpinepoint]

Prep schools are well worth the money, especially in the Northeast. The endowments and connections these places have is incredible.

 

[CuseFaninVT]

Gone are the days when the Prep Schools purpose was solely to prep kids to go to college. IMG Academy is BIG business!!

Tuition to attend IMG which was only $78,000.00 in 2019 is now $84,400.00 ... if you don't live on campus you can get away with $67,400.00!! That's a lot of Money. And only 1,400 students attending last year. Hmmm... rough math that's more than $94 million in tuition without taking into account any scholarship money they be awarding.

You can buy IMG Apparel online; get a "nice" sweatshirt for $85

And they haven't exactly allowed their facilities to become rundown ... like a lot of colleges you could be Prepping to go to...

And they make you live in a dump like this...

That’s insane. A girl from my sons class went there for lacrosse I believe. Based on her parent’s neighborhood and house, I highly doubt they paid full freight for her to attend.

 

[Cuse181]

That’s insane. A girl from my sons class went there for lacrosse I believe. Based on her parent’s neighborhood and house, I highly doubt they paid full freight for her to attend.

The bad wannabe superstar kids with rich parents pay, the good kids with a real shot at D1 sports and not-rich parents get the full rides.