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Private Equity Coming To College Athletics
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[QUOTE="atlanticuse, post: 4886364, member: 8615"] I’m not sure people understand what private equity is. The term is now being misused. It’s technically about buying assets with a ton of debt, and only servicing the senior debt, to slim and resell for more within 2-3 years. How does that fit college - or pro - sports, which are bloated and overpay talent who often flame out? We don’t need to split hairs over PIPE (like I did with Blackstone) and VC-fund PE (Blackstone Tactical). [/QUOTE]
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