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?

[camridleyfan]

2 hours ago, Tuco Ramirez said:

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

Kiffin + Will Wade + Mulkey + Jay Johnson = $$$$.  Landry is essentially the AD,  just a huge clusterf and powder keg waiting to blow up 

[Jerky]

😂

[Steamboat Willie]

3 hours ago, THookem said:

 

LSU is trying to solve a math problem more schools are starting to face. Revenue sharing with athletes, rising roster costs and years of coaching buyouts have created a gap that donations alone can't close. The answer isn't just asking boosters for more. LSU is exploring a corporate entity it would own and control, one that invests in outside businesses to generate recurring revenue. Reports that the school already sold 10% of its future media rights for $100 million have been disputed, and no deal has been signed. The trend is still hard to miss. Boosters, ticket sales and TV money no longer cover what it costs to compete at the top, and schools are starting to raise capital more like businesses. Utah has partnered with a private equity firm, and Kentucky, Michigan State and Clemson have all set up commercial arms.

Edited 45 minutes ago by Steamboat Willie

[HookedOnTF]

Who's going to explain this to Royal?