Deserves its own thread.
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That is the same private investment company that did a deal with the Spanish La Liga soccer league. All but the top three teams agreed to the deal. Real Madrid, Barcelona, and Atletico Madrid did not agree and were excluded. That deal cost the league around 8% of the leagues audiovisual rights for the next 50 years. The interesting thing, imo, with the Big 12 proposed deal is that the deal would more than likely necessitate the league not changing membership. Similar to the Spanish deal, I’m not sure the top schools in the league will be open to that. The deal could effectively lock them in long term.
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https://x.com/bmarcello/status/1801289124256628929?t=ZuPiTv0dvvsZElyNMhjfEQ&s=19
https://x.com/Brett_McMurphy/status/1801295636672774327?t=zYK6BEjHolVdnMQFu8i22g&s=19
https://x.com/NautJuicer/status/1801286837555679453?t=kogRJmnI5ljA2LpO4cbvVw&s=19
This wasn’t private equity per se, but it’s the same kind of money obsession.
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SEC fans are starting to wake up to the reality and many of them don’t like it.
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clt says this is obvious folks, american airlines will sponsor the AAC
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https://x.com/Genetics56/status/1801375448816869817
Read this. Lays out the private equity trap. It isn’t revenue. It’s a non amortizing loan at credit card rates. It may bankrupt the league
There’s always a catch with private equity. The entity receiving the funds always give up something major/important in return.
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It may be safer to launder money for a Mexican or Colombian drug cartel. I think that’s another posibility we should be exploring.
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If conferences incorporate and are no longer non-profit they would be subject to taxation.
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