Grits, how do you know the SEC will get none of the advertising profit from the network? I'm curious because it seems to me everything is worded as the SEC will get a share of profits. Is there somewhere that says the SEC only negotiated for part of the subscriber fees? Since the financial details have not been provided yet, where are you getting your info from?

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Posted by Cheese Grits

Wherever I lay my hat is my home

Member since Apr 2012

54792 posts

Posted on 5/25/14 at 7:02 pm to Tigersessed

quote:
I'm curious because it seems to me everything is worded as the SEC will get a share of profits.

Devil is in the details and ESPN is ESPN.

Even if SEC got a share of ad revenue, ESPN could just inflate their expenses so there were no net profits from advertising. Part of why Delany went away from ESPN when forming the BTN. Without B1G owning the majority of BTN 51% they could not demand full disclosure from FOX on real revenues and expenses.

I view ESPN the same way Frank Pentangeli viewed Hyman Roth

Frank Pentangeli: Your father did business with Hyman Roth, he respected Hyman Roth... but he never *trusted* Hyman Roth!

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