Anonymous wrote:“ UVA, UNC, Miami, BC, Wake all Cal level.”
Only at USNWR. In the real world, Berkeley is definitely a tier or two above those mentioned.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
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.
Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.
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.
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.
sigh. You are playing checkers. Chess is the game. What do the ACC schools that can't go anywhere want? It is not money. Duke and BC are loaded. What they want is a power conference. In other words they do not want the dollars -- 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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
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.
Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.
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.
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.
sigh. You are playing checkers. Chess is the game. What do the ACC schools that can't go anywhere want? It is not money. Duke and BC are loaded. What they want is a power conference. In other words they do not want the dollars -- 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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:The ACC is loaded with strong academic schools. Granted that Stanford & UCal-Berkeley are exceptional, but many ACC schools are outstanding with respect to academics.
Delusional. Stanford and Cal are several academic levels above all ACC schools. UVA, UNC, Miami, BC, etc.. aren't even close.
What I don't understand is that Stanford and Cal are loaded in endowment, those schools can reach into the fund to support the athletic department without any issues. They have so many "rich" alumni there. One would imagine that 30M/year is a drop in the bucket for Doordash CEO Tony Xu or Stanford Jerry Yang. Stanford and Cal don't need to join the ACC to get that kind of cash.
Stanford yes on above others. Cal not so much. UVA, UNC, Miami, BC, Wake all Cal level. No one in the Pac 12 was near Cal either. Closest was UCLA and Cal.
Schools will not -- not a one -- tap endowment for sports. It will never happen except for that part of the endowment that is for sports. And no there is no pool of alums at any school willing to guarantee 30 million a year. This is all fantasy.
Anonymous wrote:Anonymous wrote:Some noise about Stanford & UCal-Berkeley having talks with the ACC and the Big 12. Probably true, but could be a ploy to motivate the Big Ten Conference to make an offer or both.
Stanford & Cal do not fit in with Big 12 culture and travelling to ACC opponents would be exhausting & expensive.
Wishful thinking on Cal and Stanford's part. They are not a cultural or academic fit with either conference.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
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.
Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.
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.
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.
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 ?
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
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.
Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.
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.
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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).
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.
Agree, but a show of force is often enough to get folks to the table and engage on a reasonable level regarding a settlement.
Just think about nuclear weapons and its effect on behavior.
Anonymous wrote:Anonymous wrote:The ACC is loaded with strong academic schools. Granted that Stanford & UCal-Berkeley are exceptional, but many ACC schools are outstanding with respect to academics.
Delusional. Stanford and Cal are several academic levels above all ACC schools. UVA, UNC, Miami, BC, etc.. aren't even close.
What I don't understand is that Stanford and Cal are loaded in endowment, those schools can reach into the fund to support the athletic department without any issues. They have so many "rich" alumni there. One would imagine that 30M/year is a drop in the bucket for Doordash CEO Tony Xu or Stanford Jerry Yang. Stanford and Cal don't need to join the ACC to get that kind of cash.