"Project Osceola" aka "The Death of College Athletics"
I might be a bit dramatic with my title, but I can't see how this does anything other than accelerate CFBs demise from what it was into the wasteland of NFL-lite.
Private Equity usually kills whatever it touches in the mad dash for profit and I don't see how that wouldn't happen with college football. Seems like a short term gain for long term consequences.
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Well, that's one way to finance leaving the ACC. I don't see how an investment group would be more forgiving than the donor base, but you'd certainly, in theory, get the up front cash infusion. I agree that the resulting policy changes to maximize profit so everyone gets paid back will likely stretch fan involvement to the breaking point (or beyond). But who knows, maybe fans like having to have a credit card on file just to have access to the bathrooms.
Saudi money.
We are about to have a LIV situation in college football.
B1G, SEC and whomever else they decide to invite to the table break off and form "LIV College Football".
Everyday this just keeps getting better.
I didn't even think about Saudi money. If the "investors" are fine with pouring money down the drain without payback because they have eff you oil money, then all bets are off... When are we gonna have "Your Carolina Tarheels brought to you by the People's Republic of China?" We can call it the Belt and Tobacco Road Initiative!
On the bright side, maybe the People's Republic of China, Saudi money, [insert whoever people dislike the most, it's just that those 2 have already been mentioned] can pour hundreds of millions of dollars into a few teams and the fans will all just turn their backs and let those teams wallow in insignificance and let the People's Republic of China, Saudis, [insert whoever people dislike the most] lose 90% of their investment.
Hey, I can hope, can't I?
The funny (meaning ironic) part is that it's OUR money, as we're the people buying their cheap junk/oil.
Saudi money is when I turn my back on the sport for good. And the worst part is that these Saudi vultures will just jack up prices on everything and squeeze the American populace for every penny we have and if it fails, they won't care because its just a business transaction they can write off.
Believe Michigan was also looking at PE investment options.
I'm honestly just curious how a public institution can offer anything up for Private Equity investment. It just feels off to me that there is even some kind of deal to be done here.
Not sure if the exact workings but FSU athletics is firewalled from the rest of the school somehow. But hell the state just gave them millions because of the playoff snub and our AG is running an investigation into the ACC and NCAA. So if the right popular politicians get behind it the state legislature is a rubber stamp right now.
Pretty sure you're thinking of FSUs booster club (their equivalent of Hokie Club), which is an LLC of its own, not its athletics department.
(I'm just going off memory here, so I might be completely wrong)
https://news.fsu.edu/news/university-news/2019/06/07/fsu-and-seminole-bo...
So this. The state has allowed any school to consider their athletic department a DSO which allows them greater autonomy and keeps some sunshine laws from being relevant to them.
DSO? Definitely Stupid Organization? Dog Sh*t Org? Direct Sucky Organization? wait no, seems like there may be one I can't put my finger on...
not disagreeing with you but hyperbole at this point. CFB was over the moment they started having playoffs instead of bowl season. Once the snowball starts it doesn't stop.