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Let’s Talk about “Private Equity”
Posted on 8/6/26 at 10:26 am
Posted on 8/6/26 at 10:26 am
Reading about LSU’s financial dealings and the misunderstandings within ( LINK: ESPN) have me so aggravated how stupid the folks in charge of college football are, so I’m clearing things up.
That way, when you hear comments from Tiger Athletic Foundation President Matt Borman, or retard booster—and somehow President of the Southern Regional Medical Center—Charles Harvey, you can properly interpret what they’re saying to be lies, deflection, and bullshite that you should immediately distrust.
First, “private equity” is a boogeyman that no longer exists:
• Corporate activist investors that would strip companies of assets and employees to pay down large borrowings of debt have been gone for 35 years
• Greedy PE owners that would mortgage a company to heedlessly make bets and walk away if things went south haven’t been around in 15, nearly 20 years.
Second, “private equity” now means many, many different strategies:
• The only common thread is basically being, “outside person/firm with money that’s not a donor nor a corporate sponsor”.
• And don’t be naive in thinking that corporate sponsors aren’t seeking (and getting) the same return on their financial support of a program. Those jerseys patches and field logos aren’t free.
In actuality, “private equity” is just the casino House, unemotional and without any deceit. And everyone “in charge” at the universities looking to take these “non-PE” deals are the gambling addicts and degenerates thinking “this time I’ll hit and make it all back. Everything will be ok”.
The House avails its capital to any takers, and does so based on the math of conservative risk tolerance. And it’s the poor fans, those that make college football wonderful on gamedays, that are the un-fed mouths going hungry at home when mommy and daddy university official and booster (and Gov. freankin’ Landry!) piss away their earnings on lottery tickets and poker chips in the form of outside financial support.
I used to like LSU. Now I just feel sad for how addicted they’ve become and far they’ve fallen.
That way, when you hear comments from Tiger Athletic Foundation President Matt Borman, or retard booster—and somehow President of the Southern Regional Medical Center—Charles Harvey, you can properly interpret what they’re saying to be lies, deflection, and bullshite that you should immediately distrust.
First, “private equity” is a boogeyman that no longer exists:
• Corporate activist investors that would strip companies of assets and employees to pay down large borrowings of debt have been gone for 35 years
• Greedy PE owners that would mortgage a company to heedlessly make bets and walk away if things went south haven’t been around in 15, nearly 20 years.
Second, “private equity” now means many, many different strategies:
• The only common thread is basically being, “outside person/firm with money that’s not a donor nor a corporate sponsor”.
• And don’t be naive in thinking that corporate sponsors aren’t seeking (and getting) the same return on their financial support of a program. Those jerseys patches and field logos aren’t free.
In actuality, “private equity” is just the casino House, unemotional and without any deceit. And everyone “in charge” at the universities looking to take these “non-PE” deals are the gambling addicts and degenerates thinking “this time I’ll hit and make it all back. Everything will be ok”.
The House avails its capital to any takers, and does so based on the math of conservative risk tolerance. And it’s the poor fans, those that make college football wonderful on gamedays, that are the un-fed mouths going hungry at home when mommy and daddy university official and booster (and Gov. freankin’ Landry!) piss away their earnings on lottery tickets and poker chips in the form of outside financial support.
I used to like LSU. Now I just feel sad for how addicted they’ve become and far they’ve fallen.
25
Posted on 8/6/26 at 10:30 am to Demosthenian
quote:
Reading about LSU’s financial dealings and the misunderstandings within ( LINK: ESPN) have me so aggravated how stupid the folks in charge of college football are, so I’m clearing things up.
That way, when you hear comments from Tiger Athletic Foundation President Matt Borman, or retard booster—and somehow President of the Southern Regional Medical Center—Charles Harvey, you can properly interpret what they’re saying to be lies, deflection, and bullshite that you should immediately distrust.
First, “private equity” is a boogeyman that no longer exists:
• Corporate activist investors that would strip companies of assets and employees to pay down large borrowings of debt have been gone for 35 years
• Greedy PE owners that would mortgage a company to heedlessly make bets and walk away if things went south haven’t been around in 15, nearly 20 years.
Second, “private equity” now means many, many different strategies:
• The only common thread is basically being, “outside person/firm with money that’s not a donor nor a corporate sponsor”.
• And don’t be naive in thinking that corporate sponsors aren’t seeking (and getting) the same return on their financial support of a program. Those jerseys patches and field logos aren’t free.
In actuality, “private equity” is just the casino House, unemotional and without any deceit. And everyone “in charge” at the universities looking to take these “non-PE” deals are the gambling addicts and degenerates thinking “this time I’ll hit and make it all back. Everything will be ok”.
The House avails its capital to any takers, and does so based on the math of conservative risk tolerance. And it’s the poor fans, those that make college football wonderful on gamedays, that are the un-fed mouths going hungry at home when mommy and daddy university official and booster (and Gov. freankin’ Landry!) piss away their earnings on lottery tickets and poker chips in the form of outside financial support.
I used to like LSU. Now I just feel sad for how addicted they’ve become and far they’ve fallen.
Posted on 8/6/26 at 10:31 am to Demosthenian
Oh Lord. Cry me a fricking river, pussy. 
Posted on 8/6/26 at 10:31 am to Demosthenian
Let's not.
Posted on 8/6/26 at 10:31 am to Demosthenian
Posted on 8/6/26 at 10:36 am to Liberace
So you know how to use AI
Posted on 8/6/26 at 10:40 am to Demosthenian
“ESPN is not a credible source!!!” - our resident LSU mutant
“LSU has so much money!!!” - the rest of the usual suspects.
“LSU has so much money!!!” - the rest of the usual suspects.
Posted on 8/6/26 at 10:41 am to LSU Patrick
quote:Living example of a fool and his money
LSU Patrick
Posted on 8/6/26 at 10:44 am to Demosthenian
quote:
Living example of a fool and his money
How I spend my millions is my business.
Posted on 8/6/26 at 10:44 am to Demosthenian
Donors aren't going to keep up this pace forever. I don't care how much money your boosters have at some point they are going to get fatigued. LSU is getting a 100 million one time donation from a billionaire donor. They are going to take that money along with a portion of the $70 plus million SEC money into an investment fund. They expect $8-$10 million in interest per year the first few years. This money will be allocated to NIL funding. They will continue adding to that fund every year with SEC money and any additional donor funds they raise. So this isn't really private equity because they won't own any stake in the program.
This post was edited on 8/6/26 at 10:46 am
Posted on 8/6/26 at 10:45 am to LSU Patrick
shew u must got the double wide
Posted on 8/6/26 at 10:48 am to Demosthenian
Another day, more LSUDS.
Posted on 8/6/26 at 10:49 am to Furlong the Red
I see more of this from UGA posters lately. Just when they climbed back into relevance, LSU threatens to upstage them by getting ahead of the current game. I'd be concerned too if I were them.
Posted on 8/6/26 at 10:50 am to Furlong the Red
It's amazing how quickly the goalposts were moved from muh LSU is selling 10% of its media rights to
quote:
the potential creation of an LSU-controlled limited liability corporation that could generate sustained revenues through targeted investments
Posted on 8/6/26 at 10:54 am to lsufan1971
quote:Wait, where is this reported? This sounds like that fabricated bullshite from delusional followers I was talking about.
LSU is getting a 100 million one time donation from a billionaire donor.
ESPN reports: “The meetings hosted by Gov. Jeff Landry at the governor's mansion outlined the potential creation of an LSU-controlled limited liability corporation that could generate sustained revenues through targeted investments….one of the speakers at the meetings this week included Greg Williams, a top executive from Acrisure, a Michigan-based financial technology and insurance company that has been developing supplemental revenue proposals for major college athletic programs.”
Nothing about that signifies a “donation”. And oh by the way, “investments” can lose money. Hilarious Gov. Landry fails to even comprehend that risk.
quote:And you mean to tell me a billionaire booster (by the way, who? Jim Flores?) is going to hand over $100mm just so it can sit in an interest-bearing account to throw off cash to pay coaches buyouts and ridiculous future contract obligations? You’d need triple that amount to throw off enough after-tax CF from a yield-oriented bond portfolio to generate $8-10mm, and that amount of annual yield wouldn’t even cover the buyout schedules currently in place.
They expect $8-$10 million in interest the first few years
Boy have I got some waterfront property in AZ to sell you.
This post was edited on 8/6/26 at 1:52 pm
Posted on 8/6/26 at 10:56 am to Demosthenian
It’s a good topic for discussion.
The question many, including myself have is, how is the AD decision making impacted?
What strings come with the investment?
The question many, including myself have is, how is the AD decision making impacted?
What strings come with the investment?
Posted on 8/6/26 at 10:58 am to Demosthenian
quote:
First, “private equity” is a boogeyman that no longer exists:
I am gonna ignore everything else in your rambling post and focus on this.
Because this is simply not correct. Private equity is alive, well, thriving, growing, and just as fricked up as it's ever been. Probably more so.
So. There's that.
Posted on 8/6/26 at 11:00 am to Demosthenian
quote:
Greedy PE owners that would mortgage a company to heedlessly make bets and walk away if things went south haven’t been around in 15, nearly 20 years.
Disagree with this. It has morphed, but in most ways is still a smokescreen strategy that crudely forces unsustainable P&L shifts and/or brainless roll up strategies with the goal of dumping the investment either on public markets or other institutional investors with no concern or care about long term value creation.
PE has always been the art of immediate wealth transfer from entrepreneurs to financial operators via dividend recaps, and balance sheet wrecking borrowing. Markets would be healthier if we shrunk the industry by 95% at this point.
This post was edited on 8/6/26 at 11:01 am
Posted on 8/6/26 at 11:01 am to AGGIES
quote:All of them.
What strings come with the investment?
Frankly, Gov. Landry’s involvement in promoting this scheme ought to get him subpoenaed by the state legislature, and then impeached for fiscal mismanagement of a state institution if any deal like this comes to pass.
Every taxpayer of Louisiana (of which I am one) should be outraged by all of this.
And every CFB fan should either be ashamed (LSU) or deeply concerned (everyone else)
Posted on 8/6/26 at 11:02 am to Demosthenian
quote:
Corporate activist investors that would strip companies of assets and employees to pay down large borrowings of debt have been gone for 35 years
Absolutely, 100% untrue.
Didn't even bother reading the rest.
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