Non-Key Tweets | Page 883 | The Boneyard

Non-Key Tweets

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College realignment, Rule #1, UConn. Put them all together & you have the sports version of "Waiting for Godot"...
 
TGW93 said:
Here's an old fashioned, genuinely non-key tweet about realignment:

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Capture.JPG
 
TGW93 said:
Here's an old fashioned, genuinely non-key tweet about realignment:

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So utah has a higher "engagement-per-capita" than maryland and rutgers, schools in 2 of the most densely populated states in the country. So do the universities of wyoming, montana, north dakota, south dakota and idaho. the academic certification process may put the kaibash on the deal since utah is a member of the AAU. that's a shame.
 
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ZooCougar said:
I don’t think they ever have?
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That was largely sarcasm on my part. There have been talking heads that have mentioned it, but I am not aware of any actual conversations between the MAC and Connecticut.
 
In the Ross Dellenger article linked to in the key tweets thread, he states:

"The latest example was a recent clandestine call that several ACC and Big 12 school presidents and high-ranking athletic administrators held with leaders of a private-equity backed super league. The call, earlier this month, was had without the involvement of ACC and Big 12 commissioners and was the second such Big 12-ACC joint meeting since December with those from Smash Capital, a venture capital firm proposing a super league model that features a $9 billion promise of cash infusion to college sports.

The ACC and Big 12 schools are not alone in their foray into this world.

While they are against these super league ideas, both the SEC and the Big Ten are exploring a private equity or private capital infusion. Big Ten administrators received presentations last week at their spring meetings from four firms jockeying to purchase a piece of the conference.

SEC officials are using Goldman Sachs, a multinational investment bank and financial services company, to further examine the concept."

Flugaur talks about this in his video. He says that he was told some of the deals that the Big12 was looking at were going to include UConn because those firms are all New York companies with New York money. I hope he is right because we need something to push us over the finish line. Starts at 1:19:08.

 
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The SEC is using Goldman Sachs. It’s hilarious to me that they are using Goldman for this. That conference loves the perception of them being so big time. There is zero chance Goldman is the best bank for them to utilize for this and to figure out valuation and structure. They require a more boutique agency.

But, they are so smitten with perception that they only use the most famous investment bank in USA. It’s hilarious.
 
jostar1 said:
In the Ross Dellenger article linked to in the key tweets thread, he states:

"The latest example was a recent clandestine call that several ACC and Big 12 school presidents and high-ranking athletic administrators held with leaders of a private-equity backed super league. The call, earlier this month, was had without the involvement of ACC and Big 12 commissioners and was the second such Big 12-ACC joint meeting since December with those from Smash Capital, a venture capital firm proposing a super league model that features a $9 billion promise of cash infusion to college sports.

The ACC and Big 12 schools are not alone in their foray into this world.

While they are against these super league ideas, both the SEC and the Big Ten are exploring a private equity or private capital infusion. Big Ten administrators received presentations last week at their spring meetings from four firms jockeying to purchase a piece of the conference.

SEC officials are using Goldman Sachs, a multinational investment bank and financial services company, to further examine the concept."

Flugaur talks about this in his video. He says that he was told some of the deals that the Big12 was looking at were going to include UConn because those firms are all New York companies with New York money. I hope he is right because we need something to push us over the finish line. Starts at 1:19:08.

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I like the Flug better before I could see him or hear his voice.
 
I don’t understand why teams want private equity. The firms are looking to turn a profit, so I don’t understand how that can happen without taking money away from the schools in the long run. I could see the Big 12 and ACC being foolish/desperate enough to try it just to keep pace, but why would the SEC or B1G want involved?
 
Rufus said:
I don’t understand why teams want private equity. The firms are looking to turn a profit, so I don’t understand how that can happen without taking money away from the schools in the long run. I could see the Big 12 and ACC being foolish/desperate enough to try it just to keep pace, but why would the SEC or B1G want involved?
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It really doesn’t matter. If private equity helps the ACC or B12 and makes investors money, the SEC and B1G will just get a bigger buy in from investors. They will always have more money unless something dramatic happens to level the playing field.
 
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In today's show, Flugaur says that realignment was always a two-legged table determined by the conference's media partner and the school Presidents. Now the third component involved is going to be private capital/ equity. He talks about UConn as a potential Big 12 candidate starting at 46:00.

 
jostar1 said:
In today's show, Flugaur says that realignment was always a two-legged table determined by the conference's media partner and the school Presidents. Now the third component involved is going to be private capital/ equity. He talks about UConn as a potential Big 12 candidate starting at 46:00.

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Can’t believe this guy built an empire off fiction.
 
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Rufus said:
I don’t understand why teams want private equity. The firms are looking to turn a profit, so I don’t understand how that can happen without taking money away from the schools in the long run. I could see the Big 12 and ACC being foolish/desperate enough to try it just to keep pace, but why would the SEC or B1G want involved?
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Here's what we know:
  1. College sports is a multi-billion dollar industry
  2. College sports is run by a bunch of buffoons
This is exactly why teams could make more money in the long run. Some here will say the PE is only in it for short-terms profits and to run the industry into the ground. I think it's the opposite.
 
The private equity firms have direct access to media companies, so schools/conferences can get both operating capital and growth paths. Depending on the terms, of course, can be better than loans or debt.
 
jostar1 said:
In the Ross Dellenger article linked to in the key tweets thread, he states:

"The latest example was a recent clandestine call that several ACC and Big 12 school presidents and high-ranking athletic administrators held with leaders of a private-equity backed super league. The call, earlier this month, was had without the involvement of ACC and Big 12 commissioners and was the second such Big 12-ACC joint meeting since December with those from Smash Capital, a venture capital firm proposing a super league model that features a $9 billion promise of cash infusion to college sports.

The ACC and Big 12 schools are not alone in their foray into this world.

While they are against these super league ideas, both the SEC and the Big Ten are exploring a private equity or private capital infusion. Big Ten administrators received presentations last week at their spring meetings from four firms jockeying to purchase a piece of the conference.

SEC officials are using Goldman Sachs, a multinational investment bank and financial services company, to further examine the concept."

Flugaur talks about this in his video. He says that he was told some of the deals that the Big12 was looking at were going to include UConn because those firms are all New York companies with New York money. I hope he is right because we need something to push us over the finish line. Starts at 1:19:08.

Expand ...

I've heard the same about PE wanting UConn in the mix.

But lots of things to figure out.

We belong in a super league if thats what happens.
 
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