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]

[b]sigh.  You are playing checkers.[/b]  Chess is the game.  What do the ACC schools that can't go anywhere want?  It is not money.  [b]Duke and BC are loaded[/b].  What they want is a power conference.  I[b]n other words they do not want the dollars [/b]-- they want the conference.  So go ahead and sue us.  You can't move until the litigation is over and appeals are over.  No conference would touch you.  Best case you sue and three years later you can move because you won.  But three years from now there may be no slots.  You will be screwed.  The ACC schools that can't get anywhere else are not going to be reasonable.  Why would they.  They have you over a barrel.  You can't give them what they want.  The ACC has to either expand or get taken by the SEC and Big10.  [/quote]

When I read statements like this, it is clear that you are--to use a word from your prior post--delusional.[/quote]

I was not the PP you referred to.  Duke and BC have large endowments.  Football is important to both schools but not the most important.  Neither needs money.  BC's last fund raising campaign raised $1 billion over a year or so.  They are about to start another.  What those schools care about here is playing in a top conference.  Playing in a crappy conference but getting a bunch of money does nothing for either school.  They are not playing the game you think they are.  That is why there will be a real look at expanding the ACC.  That is the easiest course for everyone.  Breaking up is not in the cards.[/quote]

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