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re: Florida's IMG Academy sold to private equity group for $1.25 billion
Posted on 4/25/23 at 4:45 pm to Mulkey Man
Posted on 4/25/23 at 4:45 pm to Mulkey Man
Insane ... but I wonder what their profitability model is going-to-be.
2
Posted on 4/25/23 at 4:48 pm to scrooster
Franchising?
Posted on 4/25/23 at 4:52 pm to paperwasp
I wonder how many Board Members went to the same SEC school with each other; thinking they they can sway kids to their alma mater via their new school.
This post was edited on 4/25/23 at 5:06 pm
Posted on 4/25/23 at 5:02 pm to paperwasp
A friend of ours has a daughter that attends IMG and plays tennis. The crazy stories he tells us of his daughters adventures are mind blowing. It's used as a boarding school for the wealthy.
A minority are there on athletic scholarships wile most of the athlete kids that attend IMG come from the top 0.1% wealthiest people. Our friend's daughter pretty much befriended a wealthy European aristocrat's daughter and has jet setted around the world most of us can only dream about.
A minority are there on athletic scholarships wile most of the athlete kids that attend IMG come from the top 0.1% wealthiest people. Our friend's daughter pretty much befriended a wealthy European aristocrat's daughter and has jet setted around the world most of us can only dream about.
Posted on 4/25/23 at 5:11 pm to paperwasp
quote:
I'm not a tennis guy by any means, but the alumni on that side are insane.
The soccer list is impressive as well.
Posted on 4/25/23 at 5:22 pm to paperwasp
quote:
not a tennis guy by any means, but the alumni on that side are insane.
I lived in Sarasota in the early 90s. Knew a trainer that worked there. I got invited by them to workout for the day. Very impressive place but expensive. Back then to train in tennis and live there was over 100k. They were producing top tennis players left and right.
Posted on 4/25/23 at 5:23 pm to paperwasp
quote:
The school has produced college football stars Grant Delpit, Kellen Mond, Evan Neal, Shea Patterson and Nolan Smith
HAHAHAHAHAHAHAHA
This post was edited on 4/25/23 at 5:24 pm
Posted on 4/25/23 at 6:24 pm to MillerLiteTime
So a USA company is selling a USA high school to China? 
Posted on 4/26/23 at 7:38 am to thumperpait
quote:
Back then to train in tennis and live there was over 100k
Posted on 4/26/23 at 8:38 am to paperwasp
quote:
1.25 billion
What
Posted on 4/26/23 at 10:21 am to paperwasp
Just booked 2 weeks there for tennis and agility training.
Posted on 4/26/23 at 10:23 am to scrooster
quote:
$1.25 billion
Posted on 4/26/23 at 10:31 am to paperwasp
quote:
Florida's IMG Academy
High School athletics are going down the tubes.
Posted on 4/26/23 at 11:00 am to paperwasp
I have a good friend who works there.
He left a good D1 school to work there and said the facilities are better than anything he ever saw. Think about that. A high school has better facilities and player development structures in place than the insane over investment our universities are spending.
He left a good D1 school to work there and said the facilities are better than anything he ever saw. Think about that. A high school has better facilities and player development structures in place than the insane over investment our universities are spending.
Posted on 4/26/23 at 11:30 am to BlueRunner
Yep. Headquarters in Hong Kong.
Wiki
quote:
BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an Asian private equity firm. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022, it was acquired by EQT Partners to act as its Asian investment platform. It is one of the largest private equity firms in Asia.
Wiki
Posted on 4/26/23 at 11:54 am to GaPhan
quote:
Wiki
quote:
BPEA EQT mainly focuses on the Asia Pacific Region
In the press release, one of their partners said, “IMG Academy’s brand is globally recognized and we see compelling opportunities in supporting its international expansion, including Asia...”
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