College Sports (Football)
GrayGhost77
- Centennial, CO
>>Private Capital, Private Equity… potato pahtahto. Call it what you want, but it’s essentially a corporate payday loan.<<
This is still false. The B1G had funding coming from a public pension fund. Different than PE. When people hear PE, and this far beyond this forum, people seem to check their brain at the door and tune everything else out. This public pension fund does not have a staff of hatchet men that piece meal out an organization. They would have access to advisors, organizations, money men (or women) to consult with but they don't tear apart a company and sell pieces to the highest bidder and/or drastically slash expenses. They would not control how the DIA operates.
Go look at the SURS organization, somewhat similar. They invest the funds for the pension recipients. They don't answer to the traditional shareholder or those that have put big dollars in a PE firm and demand a return.
The UC Pension System would have 1 of 10 seats on the BTE. That's it. That's their influence. Nothing at the University level beyond BTE.
This is still false. The B1G had funding coming from a public pension fund. Different than PE. When people hear PE, and this far beyond this forum, people seem to check their brain at the door and tune everything else out. This public pension fund does not have a staff of hatchet men that piece meal out an organization. They would have access to advisors, organizations, money men (or women) to consult with but they don't tear apart a company and sell pieces to the highest bidder and/or drastically slash expenses. They would not control how the DIA operates.
Go look at the SURS organization, somewhat similar. They invest the funds for the pension recipients. They don't answer to the traditional shareholder or those that have put big dollars in a PE firm and demand a return.
The UC Pension System would have 1 of 10 seats on the BTE. That's it. That's their influence. Nothing at the University level beyond BTE.
ChiefGritty
- Chicago, IL
I think the most important thing I've learned in my professional life as I have been within different organizations, mostly in the academic and non-profit sector, and grown in my career to get a closer view of how the sausage is made, is that the "water down your product and betray your stakeholders in little nibbles every quarter or fiscal year to generate growth" mentality is not the vicious personal evil of a Gordon Gekko class, nor is it the structural imperative of a private equity business or a for-profit firm.
Within ANY corridors of power and institutional control, whether that be Goldman Sachs or Halliburton or Greenpeace or your local school district, the more-more-more, growth at all costs, burn down everything to make the line go up in the annual report and worry about the consequences later is the assumed, unexamined, uncontested nature of success and leadership. It's all anyone knows, it's what they're taught and socialized into, it's the water they swim in.
The ethic of institutional stewardship, that organizations have a purpose and exist as part of an ecosystem outside themselves, flat out does not exist in 2026.
All of which is to say, the B1G and the DIA don't need to be bought by private equity. When the time comes they are going to act like they are anyway.
my bottom line comment regarding outside financing is “ why is it necessary ?”
the B1G has a huge inflow of cash every year from Fox, CBS , NBC etc . what exactly do they need a “partner” in the form of a pension fund to provide more money for ? money that needs to be paid back later at a cost .
the B1G has a huge inflow of cash every year from Fox, CBS , NBC etc . what exactly do they need a “partner” in the form of a pension fund to provide more money for ? money that needs to be paid back later at a cost .