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re: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
Posted on 5/19/24 at 8:14 am to RougeDawg
Posted on 5/19/24 at 8:14 am to RougeDawg
The Universities are essentially the NCAA. If the NCAA goes BK would that not affect all the schools in some way? Would they be able to wash their hands of one business model and go the next day and form another business model? I look at it like this, The NCAA took out a loan from a bank and all the universities co signed that loan. IF the NCAA goes BK than the universities are still on the hook to the bank for said loan.
Posted on 5/19/24 at 8:19 am to mrbroker
quote:
The Universities are essentially the NCAA. If the NCAA goes BK would that not affect all the schools in some way? Would they be able to wash their hands of one business model and go the next day and form another business model? I look at it like this, The NCAA took out a loan from a bank and all the universities co signed that loan. IF the NCAA goes BK than the universities are still on the hook to the bank for said loan.
I don't know how that explains what FSU and Clemson are trying to do in the ACC. Some Universities want to go with them and some have their fist raised and are screaming insults at them.
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