Key tweets, and it's all gone to Hell. | Page 804 | The Boneyard

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

Fishy said:
No.

These are not long deals.

Anyway, there’s a massive difference between a private equity investment and assigning rights to ESPN for a yearly distribution.
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Yeah, I'm just not seeing a material impediment to structuring a long term grant of rights purchase. There's no reason why you couldn't make a single payment upfront instead of annual payments in exchange for broadcast rights. If the term were long enough, the payment might be tempting to cash strapped universities.

In any event, you asked how private equity deal could be structured, and I gave you a rough template that could work. Whether that is what actually is being touted, I have no idea.
 
Fishy said:
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.
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Oh that would be funny. Or "we are leaving the big 10 today to pursue an independent schedule". That won't happen either.

What's really going to happen is that you'll be charged 10 dollars for breathing ann arbor air because any air passing within the confines of the stadium is copyrighted.

Ok, that won't happen either. I expect advertisements every 5 feet in the parking lot. "Look, kids, you can only play football between the Metamucil ads and the cheez-its light pole... no, not the 2000 flushes pole, I meant the cheez its pole!"
 
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buddy said:
How many of their employees are Connecticut residents and taxpayers? How many are actually at the Bristol Campus? Do they even pay property tax?
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espn has several thousand employees (4,000) living and working in CT. espn is also by far the largest real estate and personal property tax payer in bristol. The economic impact that espn and its employees have on CT is yuge. That said, screw espn.
 
Stinger92860 said:
Just want to add, that I never heard about the Chicago parking meter deal, what a disaster.
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noeynox said:
LaZ Parking i believe bought those meters. We are familiar with them no?
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No, it was not LaZ - it’s Morgan Stanley and some offshore interests. UAE, etc.

It’s an amazing deal….you absolutely should read about it.

It’s so bad that whenever Chicago has an event like a parade or a rally that prevents people from parking at meters, Chicago has to pay the cost of those meters to the equity company. If they do something like adding bike lanes or introducing bike shares that might result in people using fewer meters, they have to reimburse the company.

Chicago has had to give the company around $100,000,000 in opportunity costs since the start of the contract.
 
Fishy said:
No, it was not LaZ - it’s Morgan Stanley and some offshore interests. UAE, etc.

It’s an amazing deal….you absolutely should read about it.

It’s so bad that whenever Chicago has an event like a parade or a rally that prevents people from parking at meters, Chicago has to pay the cost of those meters to the equity company. If they do something like adding bike lanes or introducing bike shares that might result in people using fewer meters, they have to reimburse the company.

Chicago has had to give the company around $100,000,000 in opportunity costs since the start of the contract.
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Did they bribe anyone to get this deal?
 
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upstater said:
Did they bribe anyone to get this deal?
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It’s Chicago, so maybe.

What happened…Daly “negotiated” the deal with Morgan Stanley and then dropped it on the city council who had a day or two to review it before voting on it. They approved it because…Chicago.

Morgan Stanley then went out and basically resold the deal to Abu Dhabi.

Deal was $1.2B. The investors have made up the entire purchase price, plus $500M. Parking revenue per year is now estimated at $150M per year - there’s 60 years left on the deal.

The investors will make $10B on this, easy.
 
Fishy said:
It’s Chicago, so maybe.

What happened…Daly “negotiated” the deal with Morgan Stanley and then dropped it on the city council who had a day or two to review it before voting on it. They approved it because…Chicago.

Morgan Stanley then went out and basically resold the deal to Abu Dhabi.

Deal was $1.2B. The investors have made up the entire purchase price, plus $500M. Parking revenue per year is now estimated at $150M per year - there’s 60 years left on the deal.

The investors will make $10B on this, easy.
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They better uncover that bribe quick.

I've seen countries get out of bad deals when the bribe was discovered.
 
Stinger92860 said:
Just want to add, that I never heard about the Chicago parking meter deal, what a disaster.
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It's not dissimilar to what companies do with red light and speed cameras. It's generally more lucrative for the tech company than for the town.
 
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buddy said:
Never mind!
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Disney Streaming Tech on that grand list is also from the ESPN campus. A good chunk of Disney's Tech (non-Enterprise) team came out of ESPN Technology and is based there.
 
ScottVib said:
It's not dissimilar to what companies do with red light and speed cameras. It's generally more lucrative for the tech company than for the town.
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This I have read about, specifically related to Washington CT.

ctnewsjunkie.com

Automated Traffic Cameras Coming Soon To A Connecticut Town Near You | CT News Junkie

So far, the only approved plan for the automatic traffic enforcement cameras is in Washington, Connecticut – a town of 3,452 residents – but Stamford and New Haven have submitted proposals that are under review by the state Department of Transportation’s Office of State Traffic Administration...
ctnewsjunkie.com ctnewsjunkie.com
 
Hondo 77 said:
Exactly.
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Fishy said:
You’ll note that they do not want that….they want more money for “being” Florida State.
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Last year was an anomaly for FSU
Look at the ratings of ACC games compared with FSU or Clemson vs any other ACC team on a 5 year average
The FSU ratings were double those of the ACC mean , higher that many SEC or or B1G teams yet they are receiving BC money . Thst model is ridiculous.
In media Eyeballs is the only thing that counts.
As a UConn fan I totally understand we’re in the same boat in as FSU re our media deal . The fact we make the same as DePaul is crazy .
I favor an unbalanced model based on ratings incentives.
Ohio State / Mich + Alabama / Georgia are in the same boat.
These media contracts are averaged per team but if the B1G grts $80million
OSU is probably worth close to double that
Where Rutgers gets a fraction
Media money incentives based on ratings seems fair to me .
It encourages investment and promotion of lower teams . I think it could possible promote stability also .
 
AZHuskiePop said:
Last year was an anomaly for FSU
Look at the ratings of ACC games compared with FSU or Clemson vs any other ACC team on a 5 year average
The FSU ratings were double those of the ACC mean , higher that many SEC or or B1G teams yet they are receiving BC money . Thst model is ridiculous.
In media Eyeballs is the only thing that counts.
As a UConn fan I totally understand we’re in the same boat in as FSU re our media deal . The fact we make the same as DePaul is crazy .
I favor an unbalanced model based on ratings incentives.
Ohio State / Mich + Alabama / Georgia are in the same boat.
These media contracts are averaged per team but if the B1G grts $80million
OSU is probably worth close to double that
Where Rutgers gets a fraction
Media money incentives based on ratings seems fair to me .
It encourages investment and promotion of lower teams . I think it could possible promote stability also .
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Meritocracy is usually a good thing.
 
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