Cash strapped LSU football just sold!

[THookem]

 

[Hookem72]

This is a terrible deal and idea that they took because they lack fiscal responsibility.   Reminds me of the city of Chicago selling the parking meters years ago.   

[THookem]

 

[Tuco Ramirez]

LSU whoring for money to pay for all of the Kiffin related promises they can’t keep. 

[smokeyiii]

This has disaster written all over it. Lawyers win again when this blows up.

[mcwast]

when kiffin inevitably does his icarus thing again, that whole house of cards is going to collapse into the mississippi

[Tuco Ramirez]

16 minutes ago, mcwast said:

when kiffin inevitably does his icarus thing again, that whole house of cards is going to collapse into the mississippi

 

[Glass Joe]

This reads like a cash raise by LSU’s athletic department to meet a short-term (5 year) liquidity target.  The “shares” will inevitably be called by LSU after 5 years, as they have no intention of sharing the upside of a new media rights deal in 2031.

So, this is effectively a loan from LSU fans to the AD for 5 years.  And the lenders (LSU fans) don’t even get donor foundation points in return 😂.

[Hornio]

28 minutes ago, Glass Joe said:

This reads like a cash raise by LSU’s athletic department to meet a short-term (5 year) liquidity target.  The “shares” will inevitably be called by LSU after 5 years, as they have no intention of sharing the upside of a new media rights deal in 2031.

So, this is effectively a loan from LSU fans to the AD for 5 years.  And the lenders (LSU fans) don’t even get donor foundation points in return 😂.

Yep, with no cash interest or amort.  I wonder what the guaranteed minimum return is? 10% per annum?