B1G soliciting preliminary bids from private equity firms

[GopherGrit]

Why would they need private capital to do that? The Big Ten or schools could sell equity shares to you or me at a remarkable price and people would come in droves. Or, you know, just go through typical money channels rather than Vinny down at UR****ed Capital offering 18%.

Are they legally allowed to sell those shares you're talking about as, well whatever kind of legal entity the Big Ten is (non-profit?)?

I just assume that they have finance people who have reasons why it would be beneficial. I can't see why schools would approve it simply to get the same money long term and have the PE siphoning off revenue. That doesn't make sense.

 

[Pompous Elitist]

Are they legally allowed to sell those shares you're talking about as, well whatever kind of legal entity the Big Ten is (non-profit?)?

Dubious, but anyway. Education-adjacent?

I just assume that they have finance people who have reasons why it would be beneficial. I can't see why schools would approve it simply to get the same money long term and have the PE siphoning off revenue. That doesn't make sense.

It generally doesn’t. In this scenario they can’t even give a reason for the talks which tells you everything you need to know.

 

[GopherGrit]

Dubious, but anyway. Education-adjacent?



It generally doesn’t. In this scenario they can’t even give a reason for the talks which tells you everything you need to know.

Well, I attempted to take a wild guess. You thought that guess was wrong, but you only gave a, in your own words dubious, alternative to how they could achieve my wild guess goal. My guess could easily be wrong

 

[gopherinorlando]

The beginning of the end is college sports as we’ve know it started a while ago. The love of money is the root of evil. We have and are going to see a lot more evil due to people reaching for more and more money regardless of the collateral damage.

 

[Pompous Elitist]

Well, I attempted to take a wild guess. You thought that guess was wrong, but you only gave a, in your own words dubious, alternative to how they could achieve my wild guess goal. My guess could easily be wrong

Oh yeah, I think we can all guess and nothing wrong with that. I do think many of us are trying to envision why a wildly successful independent entity would need outside money unless it were to eg break apart the Big Ten. That would make sense, but only to a spreadsheet warrior.

Then again, the SEC expansion, subsequent Big Ten retaliatory strike, and PAC-12 mushroom cloud didn’t make sense either. Is this a race to the bottom with the SEC selling off the furniture to finance the buying of the cream of the crop players, prompting a Big Ten response, and on and on with resultant private control of revenue. No idea. Maybe Pettiti will shed some light after the upcoming conclave.