Key tweets, and it's all gone to Hell.

[Drew]

 

[JMick]

Oh wow it's not like everyone knew this is exactly what would happen.

Football needs to be it's own thing. It's ruining everything else

 

[ZooCougar]

Now that is funny! Put down the helium. No one is selling their AD department and it takes money to make money.

All those insane knuckleheads borrowing from credit unions to buy their homes. Insanity!!

Do you understand what the equity part of this relationship is?

I don’t think you do. You think this is something for nothing.

 

[AZHuskiePop]

Do you understand what the equity part of this relationship is?

I don’t think you do. You think this is something for nothing.

They Ain’t MTV for sure .

 

[Kolumbo]

Do you understand what the equity part of this relationship is?

I don’t think you do. You think this is something for nothing.

It's all about Cash Flow. Money comes in. Money goes out. Therea are 3100 flavors. As far as I know, conferences are talking to PE, but if it were to help UConn's AD, look into it. I am not necessarily for or against it, but I can see how it would be mutually beneficial if they want to go that route. You post as if no business has ever successfully borrowed from or issued stock to investors. Quite the contrary.

 

[ZooCougar]

It's all about Cash Flow. Money comes in. Money goes out. Therea are 3100 flavors. As far as I know, conferences are talking to PE, but if it were to help UConn's AD, look into it. I am not necessarily for or against it, but I can see how it would be mutually beneficial if they want to go that route. You post as if no business has ever successfully borrowed from or issued stock to investors. Quite the contrary.

So you think they provide cash and then don't any cash in return, and this is all unicorns and leprechauns?

 

[ZooCougar]

 

[ZooCougar]

 

[JMick]

Can you blame them? It was awful

 

[CashewCrew]

Can you blame them? It was awful

Horrible product to watch

 

[RioDog]

If that first half was "prosperity" I'd hate to see poverty.

 

[UConnDan97]

When I saw that 50% of the female students were wearing half-shirts on a cold windy day, I knew we had no chance at seeing the students after halftime...

 

[KryHavok]

Like our offense today, not a good showing at all.

 

[Forte]

Simple solution... put the stadium on Campus. UConn has to decide what is more important, highway access, or the student body.

 

[Urcea]

I will never understand the logic of the on campus stadium, besides the insane disregard for accessibility. If we’re concerned that students are leaving the first second they have the option to (I.e. third quarter buses), why do we think being able to leave at any time will induce more of them to stay? It’s an interest problem guys, not an access problem

 

[Hoophound]

Yesterday was a football problem. Yikes that was bad. I wasn’t watching for a period of time and was thinking that when I sat back down to continue watching the stands would be empty. No surprise when that’s exactly what happened.

 

[KryHavok]

I will never understand the logic of the on campus stadium, besides the insane disregard for accessibility. If we’re concerned that students are leaving the first second they have the option to (I.e. third quarter buses), why do we think being able to leave at any time will induce more of them to stay? It’s an interest problem guys, not an access problem

Bingo. Although an on campus stadium would be nice, let's look at the Linc for Temple. It is right off I-95 with ample nearby parking, so very easy access. They can't pack (or get decent crowds) the stadium, which is only 7-8 miles away, cuz of poor interest in their football product. Their highest draw last year for a home game was 18,388.

 

[The Yakk]

Now that is funny! Put down the helium. No one is selling their AD department and it takes money to make money.

All those insane knuckleheads borrowing from credit unions to buy their homes. Insanity!!

LOL "It takes money to make money" is the favored cliche of every grifter that ever existed. When someone says that to you in a pitch, you should run.

As I read your ongoing defense of the PE fantasy--in the face of some very good criticism from ZooCougar and others, which you ignore in favor of childish arguments like those quoted above--it strikes me that you have very little understanding of the purpose these investors serve.

Private equity investors exist so that the owner class--including mainly the investors themselves--can extract as much value as possible from the enterprise. They do not care at all about the betterment of the employees, or the customers, or the running of the business itself. If any of those things happen, it is an accidental byproduct. PE firms are pure capitalism, period.

What exactly are you rooting for when you root for UConn? Are you rooting for the taxpayers of the State of Connecticut to run the most profitable college scheme in existence? To make the Fortune 100? If you are, then your PE dream makes some kind of perverted sense.

Most of us here--and probably you, too, if you think about it--are rooting for our teams to win. Beyond that, we are rooting for prestige and acclaim for our beloved school. UConn is a top 30 public University; I would love for it to become top 10.

PE money will be an active hindrance to all that. Profits come first, above all. How will you feel if Hurley has to cut one of Luke or Kimani because the PE creeps have to get paid? Or if UConn has to fire instructors and double class sizes to keep the cash flowing?

I sometimes wonder how many of us actually paid attention in college...

 

[Blades]

I will never understand the logic of the on campus stadium, besides the insane disregard for accessibility. If we’re concerned that students are leaving the first second they have the option to (I.e. third quarter buses), why do we think being able to leave at any time will induce more of them to stay? It’s an interest problem guys, not an access problem

100%...I've been to way to many games on campus where the majority of students just don't care or lose interest. And it's got worse over the years with social media distractions, smart phones, etc...Free entrance to hockey games, baseball. Soccer games that empty out at halftime, if they ever show up. There's no one to blame or nothing to fix as just way to many of them have the attention span of a.........it just is what it is !

 

[FfldCntyFan]

LOL "It takes money to make money" is the favored cliche of every grifter that ever existed. When someone says that to you in a pitch, you should run.

As I read your ongoing defense of the PE fantasy--in the face of some very good criticism from ZooCougar and others, which you ignore in favor of childish arguments like those quoted above--it strikes me that you have very little understanding of the purpose these investors serve.

Private equity investors exist so that the owner class--including mainly the investors themselves--can extract as much value as possible from the enterprise. They do not care at all about the betterment of the employees, or the customers, or the running of the business itself. If any of those things happen, it is an accidental byproduct. PE firms are pure capitalism, period.

What exactly are you rooting for when you root for UConn? Are you rooting for the taxpayers of the State of Connecticut to run the most profitable college scheme in existence? To make the Fortune 100? If you are, then your PE dream makes some kind of perverted sense.

Most of us here--and probably you, too, if you think about it--are rooting for our teams to win. Beyond that, we are rooting for prestige and acclaim for our beloved school. UConn is a top 30 public University; I would love for it to become top 10.

PE money will be an active hindrance to all that. Profits come first, above all. How will you feel if Hurley has to cut one of Luke or Kimani because the PE creeps have to get paid? Or if UConn has to fire instructors and double class sizes to keep the cash flowing?

I sometimes wonder how many of us actually paid attention in college...

Excellent post but I disagree with you labelling PE firms as pure capitalism. They are in fact the highest form of exploitative capitalism, as far from pure as they can be.

Beyond that, you hit the nail on the head. Kolumbo's analogy of an athletic department receiving a PE investment and an individual getting a mortgage is erroneous. If a state school (like UConn) needed funds in the form of debt funding, it would make far more sense to have the state issue a bond offering. If a private school were to look into debt funding, they would securitize the borrowing with real estate collateral. Neither would need a PE firm to take the role of banker and in all candor, nobody wants a PE form to be their banker.

PE firms don't invest their money for simple interest returns. They wouldn't remain in business of that was what they earned on their capital. They would issue the loan as an investment with many layers of preferred returns which would result in a usurious transaction (without the legal protection for the school). Picture the scenes in Goodfella where Paulie became a partner in the restaurant, ended up bleeding the owner dry, then torched the place for the insurance money. That isn't far from the manner in which PE firms operate.

 

[CL82]

Private equity investors exist so that the owner class--including mainly the investors themselves--can extract as much value as possible from the enterprise. They do not care at all about the betterment of the employees, or the customers, or the running of the business itself. If any of those things happen, it is an accidental byproduct. PE firms are pure capitalism, period.

 

[Stinger92860]

PE money will be an active hindrance to all that. Profits come first, above all. How will you feel if Hurley has to cut one of Luke or Kimani because the PE creeps have to get paid? Or if UConn has to fire instructors and double class sizes to keep the cash flowing?

The company stock I work for was down to 125 and activist investors came storming in as our margins were pitiful. I was laid off and received an awesome package, on which I took a year off. Fast forward to now…I was rehired by said company and stock is 290. That said, I am certain I am an outlier.

 

[CL82]

The company stock I work for was down to 125 and activist investors came storming in as our margins were pitiful. I was laid off and received an awesome package, on which I took a year off. Fast forward to now…I was rehired by said company and stock is 290. That said, I am certain I am an outlier.

I agree with you there are PE opportunities that can be good for a company. That said I haven't seen a single pitch in public discussion that actually makes sense for the schools and conferences. All of them have been giving away a piece of the conference in exchange for cash that will be used for operating expenses. That isn't a growth opportunity that is a death spiral.

That said, I'm glad it worked out for you. What was the capital infusion used for in your company? Or was it a case where bringing in outside management allowed it to restructure to operate efficiently. Just curious.

 

[WestCoastHusky]

Simple solution... put the stadium on Campus. UConn has to decide what is more important, highway access, or the student body.

Build a high speed rail for CT with a stop at Storrs and East Hartford. While we are at it, connect it to NYC and Boston.

We can finally be like other developed nations or China.

 

[Ha Who]

Horrible product to watch

The Yankee Conference it is