https://www.cbssports.com/college-fo...-equity-firms/
Not sure this is a great idea.
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https://www.cbssports.com/college-fo...-equity-firms/
Not sure this is a great idea.
Heck, all the G5s should just go back to the I-AA days. It would be just for football, all other sports would just be Division I. Well, unless the basketball "elites" decide to break away from the rest of us.
Whaddya expect out of a lawyer who went into football coaching?
Screw his coaching.
His administrative actions have a flair.
Louisiana Tech University
Flagship of the University of Louisiana System
I'm for anything that could eliminate or reduce the NCAA from the overall picture.
Private equity is the only way the "have nots" will ever be able to compete among each other and survive. The TV money will never be anything but table scraps for the G5s. Only private institutions have the ability to raise the kind of money needed in the current system.
MBB and the current NCAA model is the ONLY way G5s can get a decent piece of the pie. They've already decided to take that away.
But if we thought tv was bad about long-term thinking - PE will be worse. Or at least that's the risk. Look at how they've treated media companies. Swoop in, maximum profits by cutting corners and/or pursuing short-term strategies that turn off long-term consumers, then scrap the thing for parts. It's cheaper to churn click-bait than pay the good writers that earned you a good reputation. Or to pivot to video. Or sell more ads than ever before. And then when it's a shell of its old self, just sell the name for whatever value it might have left (very little, because you've made it crappy). Just look at SI.
We already have this in college sports and always have. Weeknight games, conference realignment, the old facilities arms race, the new NIL race, etc. But I'd be nervous PE would make it all worse. We'd make some short-term cash playing tournaments like this, but maybe lose some long-term bargaining power for a future P2 split (because we'd have already acknowledged defeat). I'd predict more and more weeknight games, which would fill a tv slot but hurts any future generational investment.
Nobody has signed up for anything, and there are no bad ideas when you're brain-storming. It doesn't hurt to listen to out-of-the-box solutions. But it's possible that the devil we know (ESPN) actually shares more mutual interests with us than an investor would.
That's the thing I'd be worried about.
Whatever the logistics of something new, the NCAA is broken and has been for years. TV is the driver (mostly ESPN). I'm hopeful that a PE solution would take on ESPN and the rest as competition rather than bow down to them like CUSA has done for years.