Penn State and UCLA have both issued PE denials. Hmm… 
Im gonna put this here. It’s a joke, for now. I mentioned this in a thread somewhere but at some point these programs and PE and the money people are going think why are we playing in tiny college town X when we could be playing in a city with all the money. UGA to ATL, Chapel Hill to Charlotte. It sounds stupid, but Cal is playing in the ACC because money.
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clt says this ship be sinkin
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THIS is part of the reason insurance rates are ridiculously high and they’re cancelling or not offering policies in higher risk areas these days. VULTURES!!
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They also don’t pay when things happen. Vultures is as good a word as any
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clt says dont buy insurance!
Pernetti: Private equity deal in college sports coming by year’s end
This is my post from the Video Games thread where Private Equity is also getting involved.
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Private Equity only makes investments when they think they can beat the regular investment markets by a large amount. Otherwise why take the risk.
I have read a ton of stories about PE messing up companies.
I also fail to see what they think they are investing in when it comes to college sports. Where the return is going to come from. And how are they going to truly control something that in most cases controlled by state governments and in all cases could be by the federal government.
At this point I wonder if the PE groups or individuals trying to get involved are just money marks.
that’s a wrestling term if your not familiar
In the context of professional wrestling:
- Money Mark (wrestling): A person who invests in a wrestling promotion primarily to gain proximity to wrestlers and feel like a part of the scene, often to the amusement or disdain of the wrestlers themselves. This term’s origin comes from carnival days, where a “mark” was a easily duped individual, according to a Quora post.
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If you think the future looks bleak now, wait until these ass holes get in. They strip and destroy companies then throw them by the wayside for the vultures to pick at their bones. This would be a huge mistake and I would exit stage left and spend my retirement without college football.
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This is laughable.
the big ten doesn’t need private equity. At worst they need spending restraint and good financial discipline.
And if they get that money and spend it on anything other than facilities, then they’re basically just lighting it on fire