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It's too quiet. Something is going on at FSU. The school is serious about leaving the ACC. Hired fancy inverstment bank and brought in a top private equity firm.
DEADLINE to inform the ACC of intention to leave is in one week from today--August 15, 2023. |
| All this conference nonsense is ridiculous. Just saw Cal and Stanford might want to join Atlantic Coast Conference. It will be a huge burden on student athletes to fly cross country for games. All these money hungry schools need to slow their roll. |
We'll let 'em know. |
We need to take a vote: FSU's destination if FSU leaves the ACC: Big Ten Conference SEC NFL |
They are going nowhere this year. It is quiet because it is. |
Not ND and not Duke in basketball but Stanford cares about it a lot. |
Possible, but why hire investment bank JP Morgan Chase & elite private equity firm Sixth Street ? Maybe targeting their departure for next year ? |
(OP here) We will all know within 7 days as the deadline is August 15, 2023. My best guess is that FSU will notify the ACC next week that it intends to leave the conference. Could be a negotiating tactic, could be serious, could be both. |
why? Without having the capital ready there is no point even thinking about doing something. |
But they cannot go anywhere. With the GOR no one would make them an offer. FSU is stuck |
In addition to the fancy investment bank & fancy private equity firm, FSU has a bevy of fancy lawyers. |
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Yahoo sports is reporting that ACC looking at Cal, Stanford, and SMU.
In the same article it said that there is a provision in the ACC/ESPN deal that requires ESPN to increase the payout if there are new members so that all members are paid the same. Not sure what that means in practice. https://sports.yahoo.com/sources-acc-considering-smu-in-addition-to-cal-and-stanford-in-expansion-talks-205526422.html |
That is not going to help here as has been discussed in this thread. Unless there is an agreed exit they can leave but no one would take them. If an actual negotiated deal fine. But if they just say they are leaving they will have no home until the litigation ends. |
You haven't kept an open mind when reading this thread. You simply believe that all others agree with you. You are wrong. |
Just heard on CBS Sports that SMU willing to forgo any media rights payment for the first several years of ACC membership. |