Reply to College Football--Big Ten Expansion

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The FSU decision will have a big impact not only on the ACC, but also on college football because of how FSU is raising the money to exit the ACC. FSU is using an investment bank (JP Morgan Chase) and a private equity firm (Sixth Street).

FSU's exit fee may come from selling shares in the team.  Next will be conferences that may be purchased. Then player contracts and profit sharing type payments.

The money in college football is huge and Wall Street firms are interested.

Amatuerism is dead.[/quote]

Seems pretty remote. The team belongs to the state government. If the profits go to investors instead of the athletic dept then what’s the point? The AD doesn’t have ownership or authority to sell state property to Wall Street.[/quote]

I can only take a guess at this point. Some investors/investment groups talk about buying conferences in the future. Probably would be co-ownership. If the state owns the team, then the state would have to consent. Taxpayers might like being relieved of the duty to financially support a team while being rewarded as shareholders. We are almost there as the mediagiants control the football conferences already.

If you do a bit of research, there are a few articles on the internet which are free & available on this subject.[/quote]

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