Conference Realignment, Naming Rights, Financing
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redwingillini11
White and Sixth
- Batavia
There is no way that private equity in college sports makes things better. That is when we should really worry that the college sports we enjoy watching is doomed.
ChiefGritty
- Chicago, IL
Selling future revenue to cover today's shortfall: the age old strategy of solvent businesses with bright futures!
Working at several organizations owned and/or bought by private equity companies, I can confirm it would be disastrous for most, but very lucrative for a few.
ChiefGritty
- Chicago, IL
It shouldn't in theory, the PE cut of the money would just be taxed at that level.
My confusion is what the PE firm is actually buying here. These deals have been increasing in European soccer, buying up future TV rights and other income streams, but those clubs and leagues can't just scatter to the wind the way the Pac 12 did.
How does the firm enforce this against a bunch of government entity schools in a diverse pileup of states?
The harder it is to answer that question, the less these rights are worth today.
Honestly this sport is committing suicide so fast it's all going to be moot anyway before long.
I've read Gritty's posts with interest and usually don't 100% subscribe to his ominous, sky-is-falling predictions.
Anyone go outside and notice the sky getting lower? I sure do.
ChiefGritty
- Chicago, IL
Don't be ridiculous, everybody's going to love USC vs Maryland to keep them alive in the wild card race.
This is fun because there's entitlement sponsors in motorsports, like the NTT IndyCar Series and the Monster NASCAR Cup Series ... and typically those companies only see value for the first contract term, then dip out (Verizon as a recent IndyCar named series sponsor, and Monster + Sprint on the NASCAR side).
Don't know how that will play in college sports ... just makes people buy more merch with the new logo on it, I guess.
Like Chicago selling the privatization of the parking meters...
TentakilRex
- Land O Insects between Quincy-Macomb-Jacksonville
redwingillini11
White and Sixth
- Batavia
If you are going to sell out and change the name, why be stupid about it and call it the Allstate 12 when there are 14 teams? Just call it the Allstate Conference if you are going that route.
Yeah, that's wild to not take the easy opportunity to un-link your conference branding from an incorrect team count.
Maybe they expect to lose 2 more teams?
AyoDos11
- Southern Illinois
I'm all for capitalism and whatnot, but I'm really tired of the endless increase of advertising and money grabbing. Allstate 12? Lmao. What's next, the State Farm Ten? University of Illinois-ExxonMobil? I really don't wanna watch the battle of insurance companies. I wonder if they realize that they're killing the sport or if they simply don't care and just can't resist squeezing out every last possible cent.
TentakilRex
- Land O Insects between Quincy-Macomb-Jacksonville
Just following in the steps of the Barclays Premier League...
I guess the Big 12 didn't read the story about Red Lobster.
Catch, kill, pick it to the bones, then sell off what's left.
Make billions in profits.
finance.yahoo.com
Catch, kill, pick it to the bones, then sell off what's left.
Make billions in profits.
How private equity rolled Red Lobster
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
Nothing good will come from thisI guess the Big 12 didn't read the story about Red Lobster.
Catch, kill, pick it to the bones, then sell off what's left.
Make billions in profits.
How private equity rolled Red Lobster
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
TentakilRex
- Land O Insects between Quincy-Macomb-Jacksonville
Sadly the Big XII had a perfect sponsorship opportunity
Battle89
- Cary-Grove, the better Trojan team
Nothing new here, Ray knew this 60 years agoI guess the Big 12 didn't read the story about Red Lobster.
Catch, kill, pick it to the bones, then sell off what's left.
Make billions in profits.
How private equity rolled Red Lobster
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
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