Utah Private Equity deal

[rocket city poke]

Utah is using a private equity company now for their athletic department
$500 million in revenue from it. Just amazing how far BYU and Utah have risen in this environment. To think Wyoming used to be in the same conference and pretty consistently win games against these two programs. THere would be a very interesting WSJ article or Athlon sports article about Wyoming athletics and how far it has fallen.

University of Utah approves private equity plan for athletics. Here’s what it means for the Utes.

The U.’s board of trustees will vote on the matter Tuesday.

www.sltrib.com

 

[cowpoke pride]

To think Wyoming used to be in the same conference and pretty consistently win games against these two programs.

This period of time that you speak of must predate my fandom (the start of the Mountain West conference).

 

[MrTitleist]

Meanwhile, UNLV is adding jersey patches to their football, MBB and WBB uniforms as part of an $11 million dollar deal

In a college first, UNLV details 5-year, $11 million jersey-patch sponsor deal

The NCAA must still formally approve the rule change, but it is expected to pass, with a dealmaking frenzy to follow.

www.nytimes.com

 

[LanderPoke]

I expect us to keep falling further and further behind. Not that I want NCAA athletics to be run by private equity at all

 

[rich22]

This period of time that you speak of must predate my fandom (the start of the Mountain West conference).

The MW started because BYU and Utah viewed us as equals and wanted to play us (and others) more often. They were tired of playing Tulsa and SMU and those other schools in the WAC 16. Yes we have fallen that far in 20 years.

 

[OrediggerPoke]

Anyone that has dealt with private equity (and been paid by private equity) knows it is a deal with the devil. I hope we never do this.

 

[OrediggerPoke]

Meanwhile, UNLV is adding jersey patches to their football, MBB and WBB uniforms as part of an $11 million dollar deal

In a college first, UNLV details 5-year, $11 million jersey-patch sponsor deal

The NCAA must still formally approve the rule change, but it is expected to pass, with a dealmaking frenzy to follow.

www.nytimes.com

I hope we do this.

 

[LawPoke]

Anyone that has dealt with private equity (and been paid by private equity) knows it is a deal with the devil. I hope we never do this.

I was going to post this exact message. PE expects returns. If they don’t get them, they are ruthless.

 

[OrediggerPoke]

I was going to post this exact message. PE expects returns. If they don’t get them, they are ruthless.

I spent quite a bit of my career working with, advising and transacting with private equity in the energy sector. They expect returns, ‘yes’ men and typically have no use or concern for ethics. They typically don’t care if they burn bridges or harm longstanding relationships, making money for them is the only concern.

 

[LanderPoke]

I spent quite a bit of my career working with, advising and transacting with private equity in the energy sector. They expect returns, ‘yes’ men and typically have no use or concern for ethics. They typically don’t care if they burn bridges or harm longstanding relationships, making money for them is the only concern.

Mitt Romney types