Utah sells to private equity

[THookem]

 

[THookem]

In that spirit:

 

 

[ArizonaLonghorn]

23 minutes ago, THookem said:

In that spirit:

 

 

From the back door with the cash to the front door with the cash ... gotta give him credit for telling the truth LOL

[Rocky P]

32 minutes ago, THookem said:

 

There are going to be so many legal hurdles to clear with this.  They are a public entity, interested to see if the BOR and the State legislature do.

[Thanos72]

Ah, the destruction of college football is almost complete. It’s ceiling with be the USFL. Its floor will be Baseketball. Equity firms and corporate America kill most things.

[FootLaw]

47 minutes ago, Rocky P said:

There are going to be so many legal hurdles to clear with this.  They are a public entity, interested to see if the BOR and the State legislature do.

Utah BOR initially approved moving forward with exploring this option. The interest is there. Curious what the State legislature does (you know BYU is going to object unless they can do the same).

Sounds like the Utah AD would head the Board for the new entity with PE. If control over revenue sharing allocation, school facilities, and school staff (like coaches) remain with Utah as described, this could become real. Apparently, Boise is exploring this option as well.

[THookem]

 

[tsip92]

Why stop at athletics?  Maybe we could convince the State of Texas to sell The University to private equity so that we wouldn’t have to deal with the legislature’s antics.  

[Stuey22]

They single handedly destroyed the PAC 10, now they are shooting for all of college athletics.  Go bigger or go home

[brianb722]

Looking forward to a 18 months from now when they sell it Saudi PIF fund, load it with debt from other random shady companies, and then burn the Utah football program to the ground.

[MJW2327]

17 hours ago, Thanos72 said:

Ah, the destruction of college football is almost complete. It’s ceiling with be the USFL. Its floor will be Baseketball. Equity firms and corporate America kill most things.

Ahh the "private equity is evil" trope

[brianb722]

11 minutes ago, MJW2327 said:

Ahh the "private equity is evil" trope

Yeah the trope of actually paying attention to what happens to industries after PE gets involved or caring about anything other than maximizing shareholder profits at all costs.

[MJW2327]

18 minutes ago, brianb722 said:

Yeah the trope of actually paying attention to what happens to industries after PE gets involved or caring about anything other than maximizing shareholder profits at all costs.

to each their own

Edited 1 hour ago by MJW2327

[THookem]

 

[Oldest Horn]

1 hour ago, brianb722 said:

Yeah the trope of actually paying attention to what happens to industries after PE gets involved or caring about anything other than maximizing shareholder profits at all costs.

You do realize PE primarily invests in mature industries where operational changes have the chance to drive returns. PE is not VC.