So it begins - LSU rumored to make deal with PE

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Veteran Louisiana business journalist JR Ball, who publishes the Red Eye newsletter (redeyebr.com), said Monday on Talk Louisiana with Tiger Rag president Jim Engster that LSU has already “closed” on what he described as a venture-capital investment fund

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According to Ball, the arrangement would provide LSU with more than $100 million in upfront capital in exchange for 10 percent of future media-rights revenue.

“LSU has closed a deal for 10 percent of LSU’s media rights – primarily tied to football – that will generate in excess of $100 million,” Ball said.

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The reported private equity structure stands in sharp contrast to concerns Ausberry expressed during the exclusive February interview with Tiger Rag.

With LSU projecting its $25-to-$35 million deficit, Ausberry acknowledged that private equity had become part of the national conversation at the time.

“People talk about private equity firms,” Ausberry said last February. “And you really don’t want to go that way, but you’ve got to put everything on the table.”

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