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Private CRAPITAL
B1G Exploring Private Capital Investment
- Thread starter Seaofred92
- Start date
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B1G Exploring Private Capital Investment
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it shouldn't surprise us, the big ten has treated us as the pig for slaughter. Big following to prop up tOSU with a W & make the OG members feel good by beating us when the refs refuse to call holding for 6 straight years.
We got put in the expendable tier & i bet if there is a super league, our best chance would be the SEC wanting us, not the big ten.
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This seems like a very shortsighted deal. If Nebraska doesn’t need the cash it should be against this.
Not sure I love getting locked into the GoR for that long or giving up that much revenue down the road for upfront cash we likely don’t need.
Not sure I love getting locked into the GoR for that long or giving up that much revenue down the road for upfront cash we likely don’t need.
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Hope so
Fuck the B1G
Lamest conference going since the dawn of college football
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Could be an exercise in futility if everyone else is on board. Seems like it is just golden handcuffs for a couple of programs to the conference. Shrug
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What’s the alternative to locking up the GoR? It’s not like we would be in the drivers seat if super league talks start up.
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My thought, whether it be right or wrong, would be that the ACC likely thought there wasn’t any downside to locking in their GoR for that long either. And now they’re totally fucked
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The GoR and the TV deal are different things.
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My buddy said that Dean says it’s dead on his podcast, which means the deal is done.
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Disregard then. I’d always heard people speak about both hand in hand which led me to the conclusion you can’t talk about one without the other.
However, that’s a very long time to be in a contractual agreement with another entity.
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Dean from TT:
***The Big Ten’s private equity deal that generated so much debate last week is officially dead. You can thank Michigan and USC for that, more than anything.
The Wolvertine athletic department regarded it as a “payday loan.” Of Michigan’s top 50 boosters, I’m told 30 to 35 are well respected in the private equity world in places like New York, Chicago, and Los Angeles. They advised Michigan athletic director Warde Manuel and their regents “strongly against” it.
The Michigan source I talked to said, “It’s a bad deal,” unless “there’s a piece to this that I’m not quite seeing or understanding.”
There was a real doomsday scenario that this could’ve led to Michigan leaving the Big Ten. Thankfully, things never got anywhere close to that.
The deal, though, made sense for teams like Rutgers, Purdue, and Maryland to get $110 million and also lock in the grant of rights for another 20 years, protecting their place in the conference. The cost would be $5.5 million per year off your Big Ten media rights payment for 20 years.
For Nebraska, having to accept a tier 3 payment also did not sit well with anyone. For teams like Oregon and USC, I don’t think it sat well that they were regarded as tier 2. If you are Nebraska, it had to be a slap in the face to see you were considered at a tier 3 level in this. Thankfully, things never got off the ground.
***The Big Ten’s private equity deal that generated so much debate last week is officially dead. You can thank Michigan and USC for that, more than anything.
The Wolvertine athletic department regarded it as a “payday loan.” Of Michigan’s top 50 boosters, I’m told 30 to 35 are well respected in the private equity world in places like New York, Chicago, and Los Angeles. They advised Michigan athletic director Warde Manuel and their regents “strongly against” it.
The Michigan source I talked to said, “It’s a bad deal,” unless “there’s a piece to this that I’m not quite seeing or understanding.”
There was a real doomsday scenario that this could’ve led to Michigan leaving the Big Ten. Thankfully, things never got anywhere close to that.
The deal, though, made sense for teams like Rutgers, Purdue, and Maryland to get $110 million and also lock in the grant of rights for another 20 years, protecting their place in the conference. The cost would be $5.5 million per year off your Big Ten media rights payment for 20 years.
For Nebraska, having to accept a tier 3 payment also did not sit well with anyone. For teams like Oregon and USC, I don’t think it sat well that they were regarded as tier 2. If you are Nebraska, it had to be a slap in the face to see you were considered at a tier 3 level in this. Thankfully, things never got off the ground.
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This of course means the finalized deal will be announced in the coming days to which Dean will say that he knew it was finalized but just couldn’t say anything.
Also lol at Dean for thinking the $110 mill would be be paid back at 0% interest
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Oh, good. Dean sucking off the Michigan guys.
WTF does “well respected in the private equity world in places like New York, Chicago, and Los Angeles” mean?
Surely, there is no one who went to Anderson at UCLA who is well respected in the “privacy equity world of Los Angeles”. Or no one from Illinois who is respected in Chicago.
It’s just classic word salad that he is repeating after being fed it by some Michigan sycophant (ie whoever runs the Michigan on3 board, because that is the extent of Dean’s journalism).
This may have not been the deal to do, but we don’t need to be pushing the narrative that only Michigan is smart enough to see how dumb everyone else is. For all of those objections that Dean mentions, only 2 schools were balking and one of them would’ve been fine with the payout the other was getting.
