Realignment Megathread (All The Moves)

[FriendlySpartan]

I mean, it’s still PE. It’s not a hedge fund if that’s what you’re thinking. But it’s still a outside investment firm that is going to secure equity and expect an ROI

It’s specifically not PE (but yeah I agree with you) to avoid some legal BS and also because it makes the fund type more palatable to some of the universities. Being tied into the university system already makes some sense.

I’m still not a huge fan of this but on paper this seems to be fine, better than a PE firm either way but private capital vs private equity might just be splitting hairs. I don’t know enough about PC or the Cali pension system

 

[SolterraCyclone]

It’s specifically not PE (but yeah I agree with you) to avoid some legal BS and also because it makes the fund type more palatable to some of the universities. Being tied into the university system already makes some sense.

I’m still not a huge fan of this but on paper this seems to be fine, better than a PE firm either way but private capital vs private equity might just be splitting hairs. I don’t know enough about PC or the Cali pension system

I think we pretty much agree here, but it’s definitely splitting hairs.

The primary difference here is the clients of the institutional investor are pension holders in the University of California education system as opposed to billionaires for a hedge fund or a venture capital firm. But the clients are going to expect a return on the investment all the same.

 

[FinalFourCy]

I mean, it’s still PE. It’s not a hedge fund if that’s what you’re thinking. But it’s still a outside investment firm that is going to secure equity and expect an ROI

Of course it is

It only matters to those so ignorant on PE that calling it private capital rather than PE makes them feel better, but admittedly that is a lot of people. Just some good PR management

 

[CycloneT]

Welcome Berkeley to the Big 10

 

[FriendlySpartan]

I think we pretty much agree here, but it’s definitely splitting hairs.

The primary difference here is the clients of the institutional investor are pension holders in the University of California education system as opposed to billionaires for a hedge fund or a venture capital firm. But the clients are going to expect a return on the investment all the same.

Yep totally agree. I think it’s an interesting hair split but there are for sure differences even if it’s just for legalese. The optics are certainly better but again, not knowing the terms or what is expected leaves a lot currently unknown.

I certainly feel better with this fund which already has a stake with current big ten team/teams (don’t think USC counts) vs a pure outsider but again kinda splitting hairs

 

[qwerty]

Let them, but then as stated, they are no longer "public" entities, but private enterprises and thus subject to taxastion.

 

[FriendlySpartan]

Let them, but then as stated, they are no longer "public" entities, but private enterprises and thus subject to taxastion.

This might be the sticking point with PC vs PE and I’m sure there is some language in there to prevent this but comments coming out from some people in Congress might be enough to delay or push back this process.

 

[HouClone]

Big 12 looks at selling part of their conference and gets laughed at. Big 10 does the same and gets a few grumblings at worst.

 

[NWICY]

LOL, where are they getting the money for that.

 

[Prone2Clone]

LOL, where are they getting the money for that.

Cut some more academic programs.

 

[cykadelic2]

USC now joining Michigan as likely opponents to the B10 investment deal.

Two good points made in this writeup. Financially distressed ADs like Rutgers and UCLA need to cut their own individual “debt deals” where schools borrow from future television revenues at a lower rate than a long-term capital investment.

And the second point is why would the B10 lock themselves into an extended GOR with no extension of a corresponding TV deal (which is what GORs have been tied to in the past)? As I posted before, this IMO is where Fox is getting their grubby little hands on this and using Pettiti as their puppet to extend their existing deal at terms favorable for them and getting this deal done before any potential media rights pooling mandates are legislated.

Also noteworthy is USC's supposed opposition to unequal revenue distributions where they would rank behind Ohio St, Michigan and PSU for proposed revenue shares.

Hey USC, join the Cody Campbell bandwagon and you can then be the top revenue program in a reincarnated PAC 10 and double/triple your revenues in the process!

 

[cykadelic2]

LOL! Great post here B12!

 

[FriendlySpartan]

USC now joining Michigan as likely opponents to the B10 investment deal.

Two good points made in this writeup. Financially distressed ADs like Rutgers and UCLA need to cut their own individual “debt deals” where schools borrow from future television revenues at a lower rate than a long-term capital investment.

And the second point is why would the B10 lock themselves into an extended GOR with no extension of a corresponding TV deal (which is what GORs have been tied to in the past)? As I posted before, this IMO is where Fox is getting their grubby little hands on this and using Pettiti as their puppet to extend their existing deal at terms favorable for them and getting this deal done before any potential media rights pooling mandates are legislated.

Also noteworthy is USC's supposed opposition to unequal revenue distributions where they would rank behind Ohio St, Michigan and PSU for proposed revenue shares.

Hey USC, join the Cody Campbell bandwagon and you can then be the top revenue program in a reincarnated PAC 10 and double/triple your revenues in the process!

Dude you billionaire’s idea is never happening. They aren’t pushing back against the idea of PC for that reason it’s to avoid having PC/PE get a foothold into something as it eventually destroys all it touches.

Happy Michigan is digging in deeper, talking with some USC alums last weekend they seemed very against it due to the ties with UCLA that wasn’t always their with the other offers.

 

[cykadelic2]

Dude you billionaire’s idea is never happening. They aren’t pushing back against the idea of PC for that reason it’s to avoid having PC/PE get a foothold into something as it eventually destroys all it touches.

Happy Michigan is digging in deeper, talking with some USC alums last weekend they seemed very against it due to the ties with UCLA that wasn’t always their with the other offers.

Dude, PC/PE getting a foothold into something does not destroy all it touches. It is a stupid and juvenile take on your end similar to you claiming all billionaires are amoral.

 

[1UNI2ISU]

H

USC now joining Michigan as likely opponents to the B10 investment deal.

Two good points made in this writeup. Financially distressed ADs like Rutgers and UCLA need to cut their own individual “debt deals” where schools borrow from future television revenues at a lower rate than a long-term capital investment.

And the second point is why would the B10 lock themselves into an extended GOR with no extension of a corresponding TV deal (which is what GORs have been tied to in the past)? As I posted before, this IMO is where Fox is getting their grubby little hands on this and using Pettiti as their puppet to extend their existing deal at terms favorable for them and getting this deal done before any potential media rights pooling mandates are legislated.

Also noteworthy is USC's supposed opposition to unequal revenue distributions where they would rank behind Ohio St, Michigan and PSU for proposed revenue shares.

Hey USC, join the Cody Campbell bandwagon and you can then be the top revenue program in a reincarnated PAC 10 and double/triple your revenues in the process!

Hey, I noticed you completely ignored this article where even Yormark doesn't believe Campbell's SBA plan is feasible....

Billionaire booster says conference commissioners blocking change

One of college sports' most powerful boosters lashed out at conferences for blocking necessary change, while those commissioners countered his views.

www.espn.com

"Cody is entitled to his own opinion, but not his own facts," Yormark said. "I've never said pooling media rights will increase revenue. The only thing I have said is that hope isn't a strategy. There are unintended consequences to amending the [1961 Sports Broadcasting Act] that Cody and his team need to better understand."

 

[FriendlySpartan]

Dude, PC/PE getting a foothold into something does not destroy all it touches. It is a stupid and juvenile take on your end similar to you claiming all billionaires are amoral.

It’s really not man, you need to open your eyes to the evil that is PE. Hope you don’t live by a hospital owned by PE, far more likely to die or have complications due to them only wanting to maximize profit.

PE is a cancer on society

 

[ClonerJams]

LOL! Great post here B12!

Just trying to distract from getting dominated by a rival.

 

[cykadelic2]

H

Hey, I noticed you completely ignored this article where even Yormark doesn't believe Campbell's SBA plan is feasible....

Billionaire booster says conference commissioners blocking change

One of college sports' most powerful boosters lashed out at conferences for blocking necessary change, while those commissioners countered his views.

www.espn.com

Yormark is being politically correct with his comments. As previously posted, he allowed Campbell unfettered access to all media at B12 FB Media Days where Campbell spoke about amending the SBA and media rights pooling.

But I would like to know exactly what are the unintended consequences of amending the SBA that Yormark mentions.

 

[FriendlySpartan]

Yormark is being politically correct with his comments. As previously posted, he allowed Campbell unfettered access to all media at B12 FB Media Days where Campbell spoke about amending the SBA and media rights pooling.

But I would like to know exactly what are the unintended consequences of amending the SBA that Yormark mentions.

He’s the largest donor for what is now the Big12’s best football program id be shocked if the conference denied him access to anything

 

[1UNI2ISU]

Yormark is being politically correct with his comments. As previously posted, he allowed Campbell unfettered access to all media at B12 FB Media Days where Campbell spoke about amending the SBA and media rights pooling.

But I would like to know exactly what are the unintended consequences of amending the SBA that Yormark mentions.

The NFL getting involved is the obvious answer to that.