Reply to College Football--Big Ten Expansion

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FSU may have engaged the services of an investment banker (JP Morgan Chase) and a private equity (PE firm Sixth Street) firm to raise money as well as to have access to sufficient capital to first make a settlement offer and to have a sufficient show of capital to fund an expensive court battle (which is a great & often effective settlement strategy).[/quote]

Agree with the first part but there is no way there will be investor money to fund this lawsuit.  They will fund a settlement.  The outcome is not good.  You could not get anyone to fund -- except alums and even they don't have that kind of cash.[/quote]

Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.[/quote]

A show of force? If FSU offers 1.2 billion it will be considered. If they want to borrow it or sell their rights to Wall Street for the money nobody cares. Still might not be agreed to.[/quote]

Some of us deal in the real world where business decisions typically involve some degree of bargaining and compromise while others may choose a hard-headed fight to the death type approach.[/quote]

What bargaining power does FSU have to lower the amount of money the ACC gets if they leave ?

None.

Why would the ACC give away money ?[/quote]

There is value in not having a noisy, multi-year legal battle with no idea what your budget will look like.  A drawn out legal proceeding would also potentially dissuade others from joining and back filling the members leaving the conference. FSU and others are leaving. It will be messy and expensive for them but they are leaving.   [/quote]

Value to who?  Not the stuck ACC schools.  FSU can leave.  But their media stays with the ACC so no conference will make an actual offer to them.  They could get a conditional offer but that would buy a lawsuit from the ACC.  Big10 will not get into litigation with another conference.[/quote]

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