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

[buddy]

Tax ESPN!

 

[Dream Jobbed 2.0]

Not a key tweet but a question every time I open this thread, it opens on page one not the most recent post like all other threads do. Why???

 

[UConn Dan]

Not a key tweet but a question every time I open this thread, it opens on page one not the most recent post like all other threads do. Why???

If you haven't opened the thread in a long time it will do that (not sure why and what is a long time lol). Just click on the "Jump to New" and you should go back to where you left off. When I check daily I don't have any issues with it going to page one.

 

[UConn Dan]

So are we to read the tea leaves and say rule # 1 will be in full force until 2029 at the earliest? We'll be staying put until the end of the decade.

 

[BlueWolf25]

So are we to read the tea leaves and say rule # 1 will be in full force until 2029 at the earliest? We'll be staying put until the end of the decade.

I mean I’d love to do the Big 12 for all sports, with football joining in like 2029 or 2030 thing. But yeah I don’t see that happening yet, no need for them to rush

 

[upstater]

Tweaking the revenue formula…eh, fine. Maybe they do that. I saw some mention that they were going to consider giving FSU and Clemson more Notre Dame games…they probably need to discuss that with Notre Dame.

But making it cheaper for them to leave early? If any president votes for that, their school should fire them immediately.

If you tweak the revenue formula by giving more money to the winning teams, FSU gets less money

 

[LoyalFanCT]

Will UNC and NC State jump ship sooner than later and open a spot for UConn and maybe another school?

 

[noeynox]

Will UNC and NC State jump ship sooner than later and open a spot for UConn and maybe another school?

No.

 

[jostar1]

According to Flugaur, the other schools Pitt, BC, Syracuse, Wake Forest, will go along with it because they want private equity investment. The Big 12 and now the Big 10 are looking into getting private equity buy-in. The ACC can't do that until the FSU and Clemson lawsuits are settled. UNC will go along with it because they may want out of the ACC so they want the exit fees reduced, just like Clemson, Miami, and FSU want them reduced. They also are in favor of private equity investment. Note the UNC Chancellor's meeting with the Faculty Council explaining why they have to pay millions to Bill Belichick and invest in football. They need money that they are not getting from the ACC media contract.

 

[Fishy]

If you tweak the revenue formula by giving more money to the winning teams, FSU gets less money

You’ll note that they do not want that….they want more money for “being” Florida State.

 

[jostar1]

And here is Flugaur's take on it:

 

[Fishy]

According to Flugaur, the other schools Pitt, BC, Syracuse, Wake Forest, will go along with it because they want private equity investment. The Big 12 and now the Big 10 are looking into getting private equity buy-in. The ACC can't do that until the FSU and Clemson lawsuits are settled. UNC will go along with it because they want out of the ACC so they want the exit fees reduced, just like Clemson, Miami, and FSU want them reduced.

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

 

[Exit 4]

The merry-go-round is nuts and when will it end? I have no idea. Still speeding up for now.

 

[nelsonmuntz]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

The first PE firm that invests in a college athletic program will become a magnet for every dipspit deal in America.

 

[upstater]

The first PE firm that invests in a college athletic program will become a magnet for every dipspit deal in America.

What else are you going to invest in? A purple grape ape painting?

 

[The Viking]

Everytime I open this thread I'm reminded of how two California teams and a Texas team are in the Atlantic Coast Conference and we are not.
It's just incredible. Especially when the power broker is sitting right in our backyard this whole time.
It would have been nice if when decidng to extend it, ESPN could have found a way to roll us in somehow. Alas.

 

[Patman]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

More of a lease. Either case i think fans who hope that PE will lead to better times are in for a shock because somebody will have to milked to make a profit

 

[Fishy]

More of a lease. Either case i think fans who hope that PE will lead to better times are in for a shock because somebody will have to milked to make a profit

It reminds of Chicago selling their parking meters to a private entity. They sold them for 1.5B or something like that….15 years into the 75 year deal, the equity company has made back the initial sale, plus $500,000,000 and Chicago is destitute.

Going to be amazing when the Big Ten announces that Ohio State and Michigan are playing four times a year because Fahad AlSaif wants his money back.

 

[Jimdish255]

Everytime I open this thread I'm reminded of how two California teams and a Texas team are in the Atlantic Coast Conference and we are not.
It's just incredible. Especially when the power broker is sitting right in our backyard this whole time.
It would have been nice if when decidng to extend it, ESPN could have found a way to roll us in somehow. Alas.

ESPN doesn't care about UConn. I don't understand why the State of Connecticut puts up with it. Having them here has resulted in only bad outcomes.

 

[CL82]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

GOR, possibly? They wouldn't be selling state owned assets, but instead would be selling the rights to future earnings. The only way that would work is if the immediate cash payment had a lower value than the pv of the potential cash stream. (Think JG Wentworth and the purchase of structured settlements.) That's not a huge leap from current GORs which as we've seen from the ACC traded optimized value for certainty and immediate stability.

 

[Stinger92860]

GOR, possibly? They wouldn't be selling state owned assets, but instead would be selling the rights to future earnings. The only way that would work is if the immediate cash payment had a lower value than the pv of the potential cash stream. (Think JG Wentworth and the purchase of structured settlements.) That's not a huge leap from current GORs which as we've seen from the ACC traded optimized value for certainty and immediate stability.

Any item owned by the entity, in this case the U of whatever, would be state owned. No?

 

[Ha Who]

ESPN doesn't care about UConn. I don't understand why the State of Connecticut puts up with it. Having them here has resulted in only bad outcomes.

I don’t disagree with you but there is a reason Hartford is a ghost town, building a bunch of apartments where I don’t know where these people are going to work. A state of emergency should’ve been declared to determine what could be done to bring a couple fortune 500 companies into the city. But look at people like looney tunes and you have your answer

 

[upstater]

It reminds of Chicago selling their parking meters to a private entity. They sold them for 1.5B or something like that….15 years into the 75 year deal, the equity company has made back the initial sale, plus $500,000,000 and Chicago is destitute.

Going to be amazing when the Big Ten announces that Ohio State and Michigan are playing four times a year because Fahad AlSaif wants his money back.

This is how it is all over the world.

I did a thorough history of the Greek financial crisis a while back and it was Goldman Sachs deal that sunk them. GS fronted them a bunch of money for currency conversions that reduced their deficit from 3% to 1% (on paper, because the EU stats office deliberately doesn't count certain liabilities as debt). Then GS took a ballon lump sum payment of $10b right when the 2008 crisis was kicking in, and their deficit skyrocketed to 10%+. Ironically, Greece didn't even need to do the deal since they were under the 3.5% budget deficit threshold required to convert to the euro. They just wanted to look better and curry favor with the EU countries who eventually voted them in. And the biggest catastrophe for them is that with a strong currency, light manufacturing fled the country.

This was an "everything went wrong" dance with private equity.

#1. Crap deal with private equity
#2. "Creative accounting" to make the books look good
#3. Strong currency makes businesses close and a lot of job loss
#4. Worldwide financial crisis means no one is going to buy your bonds

 

[uconnric]

ESPN doesn't care about UConn. I don't understand why the State of Connecticut puts up with it. Having them here has resulted in only bad outcomes.

Because they are a major employer?

 

[CL82]

Any item owned by the entity, in this case the U of whatever, would be state owned. No?

Yup, but I'm pretty sure they can encumber future revenue streams, because they do that right now, just to a lesser extent.