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The original was posted on /r/cfb by /u/masterofawesomeness2 on 2024-06-16 01:48:19+00:00.
With the Big 12 deciding they were looking into private equity to the tune of $1 billion for a stake in the conference, and maybe were willing to pimp their name off to Allstate to squeeze out $2m-$3m/school/year, I think it is time to discuss the Big 12’s situation, and if they are willing go to too far in the race they can’t catch up with.
With private equity, it is very controversial when the concept with first brought up with regards to individual schools doing it (Florida State with any potential ACC buyout, RedBird Capital announcing a program to help schools who want the cash), let alone a whole conference willing to give up a 20% stake in itself to get a short-term cash injection (which will have to pay back with profit) and get more access to facility money and negotiations for sponsors. We have seen PE in business not result greatly for anyone wanting to see as usual business practices. How many influence would CVC (the PE group involved) want on decision making, on sponsorships, on member schools’ athletic department?
Should we take though into consideration, or is making any move to be closer to SEC/B1G money worth it?
If not, what should the Big 12 do? Beg the SEC and Big 10 to only breakaway in football? (More parity in basketball, but we will see if the mega-cash advantage allows for the top 2 to make a move there) Somehow make them decide that it would be best for them and the ACC to join the breakaway? Emphasize Olympic sports? (Harder to do that with less money)
Just looking for opinions here on this question.