doublewing
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Yup, what will happen here is the PE firm will come in and leverage the conference to the tits, unveil a bunch of flashy bullshit that costs a stupid amount of money funded by said debt. PE exits at the top without lowering any of the leverage and the conference/schools are left holding the bag.
![bb8c5477-936a-4793-9732-406101ab7ce3_text.gif](/proxy.php?image=https%3A%2F%2Fy.yarn.co%2Fbb8c5477-936a-4793-9732-406101ab7ce3_text.gif&hash=e553a1ea57857bcf60fdc756a01a9d6f)