OT(?) : Utah Athletics signs Private Equity Deal

[jessej]

Utah to enter landmark private equity agreement worth $500 million

The first-of-its-kind agreement could set a new precedent as universities seek competitive edges in college athletics' revenue-sharing era

www.cbssports.com

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.

 

[jessej]

other related articles

The risks and rewards of Utah’s private equity plans: Will others around college sports follow?

By Matt Baker, Justin Williams and Stewart Mandel Utah took college sports’ biggest step into private equity yet Tuesday when it approved a plan to partner with a private investment firm, Otro Capital, which would have an ownership stake in a new, for-profit business to fund Utes athletics and...

sports.yahoo.com

Utah Utes Launch Wild New $500M Private Equity Deal That Gives Donors Ownership Of Programs

With the introduction of NIL and a congress settlement that sees schools set to pay out former athletes nearly $3 billion in total, schools across the

brobible.com

https://x.com/evan_hand/status/1998439627863076994?s=46&t=BlMzgvlHKi7KPi_-NHzV9g&fbclid=IwY2xjawOl2ZhleHRuA2FlbQIxMABicmlkETFKSVpqREUyblVlbFVIS2V3c3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHvKguaK1hDHET5iHVeOdzRFhrbykvGd8ZVHbVxDjakPve7ADq8mWI9iMhUVY_aem_SsmoliLn5xNZLtBbww2nHA

 

[jessej]

Blakeney's plan to sell stake in Howard not vetted

Howard University leadership has not yet vetted men's basketball coach Kenny Blakeney's proposal to sell a one-third stake in his program in exchange for $100 million, the school told ESPN in a statement on Tuesday.

www.espn.com

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

 

[MasonSAE4]

Folks, we’re in the late-stage

 

[tblack33]

A congressman had an interesting response, if you want to start acting like a for profit entity, we’ll start taxing you like a for profit entity. I could see legislatures finally starting to put their foot down on this.