Just read the article. I still don't understand how it's going to work.
Still trying to figure out what private equity firm is going to invest 1/2 billion dollars yet remain a silent partner, without any control over how the Pac 12 does it's sports business.
That initial investment of 1/2 billion dollars is going to be distributed to the various schools, many of whom are described by the article as going in debt by the millions.
And how exactly is a half billion dollars going to solve the problem of schools not being competitive in football and basketball, not being relevant on a national basis? And how will it magically solve the problem of west coast teams beginning play just as the east coast goes to bed?
And am I to believe that should the Pac 12 not deliver great cash flow back to the investment firm, that said investment firm will not have some means available to it to get it's money back? Those people will have to have some significant controls that are being glossed over in that "peaches and cream" article.
And what controls can a private investment firm have that will nearly guarantee them a substantial return on their money? This investment firm is some well heeled alumni who just gives to a university because they love their university, with few strings attached. The private investment firm does not view this as a donation. [Post edited by Atlee Hokie at 06/18/2019 06:47AM]
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In response to this post by VT ChemE 1986)
Posted: 06/18/2019 at 06:47AM