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FSU looking to raise money via commercial investment to exit ACC - CFB is ruined
Posted on 8/4/23 at 12:31 pm
Posted on 8/4/23 at 12:31 pm
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If this goes down, the athletic departments will be partially owned by corporations.
Who will be the first to accept the Saudi money?
College football is dead.
quote:
Florida State University is working with JPMorgan Chase to explore how the school’s athletic department could raise capital from institutional funds, such as private equity, according to multiple people familiar with the plans.
PE giant Sixth Street is in advanced talks to lead a possible investment, said the people, who were granted anonymity because the specifics are private. Institutional money has poured into professional sports in recent years, from the NBA and global soccer to F1 and golf, but this would break new ground by entering the multibillion-dollar world of college athletic departments.
The school is considering a structure similar to many of those pro sports investments, where commercial rights are rolled into a new company, the private equity fund invests in that entity, and then recoups its money via future media/sponsorship revenue. That’s how Silver Lake structured its investment into the New Zealand All Blacks rugby team, and how CVC organized its $2.2 billion Spanish soccer deal with LaLiga.
If this goes down, the athletic departments will be partially owned by corporations.
Who will be the first to accept the Saudi money?
College football is dead.
This post was edited on 8/4/23 at 12:33 pm
15
Posted on 8/4/23 at 12:32 pm to ForeverGator
quote:
Who will be the first to accept the Saudi money?
Posted on 8/4/23 at 12:33 pm to ForeverGator
I believe I read where FSU lawyers found verbage allowing them to leave without paying
Posted on 8/4/23 at 12:35 pm to ForeverGator
Can’t wait for FSU players to start praising Allah for their NIL checks.
Posted on 8/4/23 at 12:36 pm to CarolinaGamecock99
Inshallah inshallah.
Posted on 8/4/23 at 12:39 pm to southpawcock
Posted on 8/4/23 at 12:50 pm to ForeverGator
FSU: where we choose weaker conferences to gain a competitive advantage, and then kick and scream like a spoiled child the second that is no longer directly beneficial to us.
I think I am starting to dislike them as much as I dislike Penn State, Texas, and USC.
I think I am starting to dislike them as much as I dislike Penn State, Texas, and USC.
Posted on 8/4/23 at 12:53 pm to Krampus
Alabama got a ILB named Jihad that the House of Saud may be interested in funding.
Posted on 8/4/23 at 12:54 pm to southpawcock
motherfricking FSU IS BACK ALHAMDULLILAH
Posted on 8/4/23 at 1:07 pm to ForeverGator
This is what happens when your program has been irrelevant for the better part of 3 decades.
Posted on 8/4/23 at 1:09 pm to ForeverGator
This is going to be bad for FSU. It’s isn’t booster money, this is ownership money. I they don’t produce profits, what will happen?
Posted on 8/4/23 at 1:12 pm to ForeverGator
So we could be "The Bank of America Crimson Tide" some day?
Posted on 8/4/23 at 1:23 pm to ForeverGator
I don't see how this would helps.
Investors cover FSU's losses for the next 10 years. The new conference (let's say SEC since this is an SEC board) doesn't get any TV money from FSU, because it goes to ACC. So there's no benefit for the SEC to let FSU in, unless ESPN agrees to up the contract for an additional team. But ESPN also owns the ACC contract, so it would be a net loss for ESPN to do that. After the GoR is up, and FSU can start earning TV money again, they are going to have to pay back their investors- they didn't give $500 million to FSU out of the kindness of their hearts.
All of this sounds like fanciful fan-fiction for FSU fans.
Investors cover FSU's losses for the next 10 years. The new conference (let's say SEC since this is an SEC board) doesn't get any TV money from FSU, because it goes to ACC. So there's no benefit for the SEC to let FSU in, unless ESPN agrees to up the contract for an additional team. But ESPN also owns the ACC contract, so it would be a net loss for ESPN to do that. After the GoR is up, and FSU can start earning TV money again, they are going to have to pay back their investors- they didn't give $500 million to FSU out of the kindness of their hearts.
All of this sounds like fanciful fan-fiction for FSU fans.
Posted on 8/4/23 at 1:35 pm to ForeverGator
quote:
Who will be the first to accept the Saudi money?
Posted on 8/4/23 at 1:37 pm to BreakawayZou83
quote:lol what’d we do this time? Breathe?
I think I am starting to dislike them as much as I dislike Penn State, Texas, and USC.
This post was edited on 8/4/23 at 3:59 pm
Posted on 8/4/23 at 1:38 pm to ForeverGator
quote:
Who will be the first to accept the Saudi money?
I'll take some.
Posted on 8/4/23 at 1:39 pm to Matts El Rancho
DeLoss Dodds is still alive. That's enough. Idiot's parents couldn't even name him DeWin.
Posted on 8/4/23 at 1:39 pm to deeprig9
quote:
I don't see how this would helps.
Investors cover FSU's losses for the next 10 years. The new conference (let's say SEC since this is an SEC board) doesn't get any TV money from FSU, because it goes to ACC. So there's no benefit for the SEC to let FSU in, unless ESPN agrees to up the contract for an additional team. But ESPN also owns the ACC contract, so it would be a net loss for ESPN to do that. After the GoR is up, and FSU can start earning TV money again, they are going to have to pay back their investors- they didn't give $500 million to FSU out of the kindness of their hearts.
All of this sounds like fanciful fan-fiction for FSU fans.
This.
Posted on 8/4/23 at 1:42 pm to ForeverGator
no neutral third party investor is going to inject tens of millions of dollars (if not more) into a scheme that could be derailed at any moment, without any recourse whatsoever, by congress, the florida legislature, or the unstable, rapidly shifting landscape of college athletics.
Posted on 8/4/23 at 1:45 pm to ForeverGator
Where is Tommy Tubberville when you need him?
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