Private Equity Firm buying Learfield

[Cyclone06]

Game viewing on TV or streaming is going to become pay per game.

The end game to college sports is completely broken, just a matter of how fast it happens.

 

[CyDude16]

Will the athletic department get a share?

Lmao do you know anything about PE?

 

[xr4ticlone]

I’ve been apart of two companies that were bought by PE. Neither turned out well.

Turns out great for the sellers.

 

[minnclone99]

We’re all gonna have to pay for the varsity network as a start.

TBH I can't believe the radio broadcasts via the app have been free this long.

But yeah, pay a subscription, and then listen to 1000x commercials during the course of a game, lovely.

Remember PE turns everything it touches into ****... I expect nothing less here.

 

[ScottyP]

Game viewing on TV or streaming is going to become pay per game.

The end game to college sports is completely broken, just a matter of how fast it happens.

the new private equity firm will probably push John and Eric out to bring in cheaper broadcasting talent.

 

[AgronAlum]

Well, here’s how this plays out.

We’ll all pay way more for poor quality content and product.

Then they’ll probably sell back to the original owners in 5 years for less than $.40 on the dollar.

PE is the worst…or the best if you sell out to them.

Were wanting to sell a business we just started to them in the next 36 months. Because they do zero due diligence, at least in the energy sector.

Yuuuup. TPG is in the same class as Blackstone and Apollo. They didn't become one of the biggest PE firms in the world without completely ******* people over.

 

[Big Daddy Kang]

TBH I can't believe the radio broadcasts via the app have been free this long.

But yeah, pay a subscription, and then listen to 1000x commercials during the course of a game, lovely.

Remember PE turns everything it touches into ****... I expect nothing less here.

They tried to monetize sports audio streams twenty years ago. It didn't work.

 

[AgronAlum]

They tried to monetize sports audio streams twenty years ago. It didn't work.

It's a different world now. All you have to do is sign an agreement with a company that already has a broad base of active subscribers. The only people complaining at that point are the people who don't subscribe to that service, not the entire base of listeners. It really tones down the outrage.

It's the same thing they've been doing with TV broadcasting. Throw a game on Prime and the only people complaining are people that don't subscribe to Prime.

 

[xr4ticlone]

Yuuuup. TPG is in the same class as Blackstone and Apollo. They didn't become one of the biggest PE firms in the world without completely ******* people over.

Most likely their investors more than anyone.

Had a customer that sold a biz he owned half of to PE. Did water / oil separation and disposal. He had been a truck driver and clearly wasn’t the business side of the equation.

He got $14m for his half. 3 years later the PE firm called and wanted out. He bought it all back for $14m after they called him for months trying to unload it, dropping the price from $25m all the way down to the $14m they paid him 3 years earlier.

The next day he sold 1/2 to a group that took over day to day operations for…$14m.