OT(?) : Utah Athletics signs Private Equity Deal

jessej

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I predict this will not end well.
Ticket prices nearly doubled with NIL.
Look for another ticket price increase as well as concessions and parking as the PE firm will want 25% return - yearly - at least

I would love to see the fine print

The Utah group was the one advising the Pac-12 commissioner to hold out for more cash during the TV contract negotiations.
Ad we know how that ended.
 
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jessej

jessej

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jessej

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Blakeney - the Howard Men' BBall Coach - floated something similar more than a year ago - and was publicly shut down by management as it was not approved
 

Pikapppatri8

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Folks, we’re in the late-stage
I am in total agreement the money influence is going to ruin college athletics. However, if you play it right - it could be something that solves our AD issue not being good at marketing. We could get a near to mid-term boost with the additional funding to support NIL and other needed investments.
 

FlPatriot

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I am in total agreement the money influence is going to ruin college athletics. However, if you play it right - it could be something that solves our AD issue not being good at marketing. We could get a near to mid-term boost with the additional funding to support NIL and other needed investments.
The A10 schools should create a consortium and fund a D1 team… far fetched maybe, but the way things are going now who knows.
 

MasonSAE4

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I am in total agreement the money influence is going to ruin college athletics. However, if you play it right - it could be something that solves our AD issue not being good at marketing. We could get a near to mid-term boost with the additional funding to support NIL and other needed investments.
I would argue a simpler solution, and one that doesn’t require looking into the Ark of the Covenant, would be to find an AD that can fundraise. I may not like the reality of this new era of college sports, but it’s here, and the reality is that an AD’s job is now primarily raising money. If you’re not good at it, this is no longer the job for you.
 

Pikapppatri8

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I would argue a simpler solution, and one that doesn’t require looking into the Ark of the Covenant, would be to find an AD that can fundraise. I may not like the reality of this new era of college sports, but it’s here, and the reality is that an AD’s job is now primarily raising money. If you’re not good at it, this is no longer the job for you.


LOL - Agree - TBH - just get a rainmaker. Never thought I recommended looking into the Ark of the Covenant. I know how that ends.
 

MasonSAE4

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LOL - Agree - TBH - just get a rainmaker. Never thought I recommended looking into the Ark of the Covenant. I know how that ends.
Unfortunately introducing private equity into most things is opening the box and getting good, long look. It has its place, but that place is absolutely 100% not college athletics.
 

Pikapppatri8

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Unfortunately introducing private equity into most things is opening the box and getting good, long look. It has its place, but that place is absolutely 100% not college athletics.

Having dealt with them a few times I agree....in principal but.....

The have stupid money and are stupid with money. If you could structure a deal to quickly fund investments (NIL, facilities, land buys, marketing, coaching salaries, and fundraising infrastructure you could accelerate a lot of goals. It's a risk proposition - but they are liquid and have patience as they searching everywhere for returns.
 

MasonSAE4

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Having dealt with them a few times I agree....in principal but.....

The have stupid money and are stupid with money. If you could structure a deal to quickly fund investments (NIL, facilities, land buys, marketing, coaching salaries, and fundraising infrastructure you could accelerate a lot of goals. It's a risk proposition - but they are liquid and have patience as they searching everywhere for returns.
I’d be fine with using it to replace EBA, as that isn’t really a gamble but a necessity in the near future. But I don’t want PE or anyone else that wouldn’t have our best interest at heart anywhere near NIL or salaries or other things that may not pan out.

It’s like mama always said, “if you get in bed with the devil, don’t be surprised if you get a buttf**kin’”
 

Pikapppatri8

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I’d be fine with using it to replace EBA, as that isn’t really a gamble but a necessity in the near future. But I don’t want PE or anyone else that wouldn’t have our best interest at heart anywhere near NIL or salaries or other things that may not pan out.

It’s like mama always said, “if you get in bed with the devil, don’t be surprised if you get a buttf**kin’”
lol - I like your grandma,

They wouldn't have a say in NIL - they can help create a corpus for it. Like wise with a fund for coach's salaries. They only care about a return. We would have to make sure we would provide consistent returns. Maybe use them just for facilities and let them take a share of non-GMU event revenue. We would need someone savvy on our end to do the deal right - so that might be the thought killer right there.

But we need to go big as soon as possible to operate in this new tainted environment.

Or else we will get. a b**tF**kin
 
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