“Former Milwaukee Bucks owner Marc Lasry says he is actively trying to buy college football and basketball teams” — “we’re bidding on a couple of teams”
https://x.com/JoePompliano/status/1865184030259376526
https://x.com/JoePompliano/status/1865184030259376526
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Hes an alum at D3 Clark University. Why bot take that miney, have them start a football team, pour that money into their basketball team and see what happens.
They can even end the D3 football duopoly that Mt. Union and UW-Whitewater have.
OR if they get the St. Thomas treatment and are forced to go D1 for being too good, they could dominate FCS.
Crazy times? This has been on the table for a while now. Remember the UAE wanting to invest in it? This is happening especially with most schools operating at a loss us included.
Yes someone, anyone could come in and decide to bankroll an entire squad made of the best five stars and four stars. You get the best coaching staff to make the mayonnaise work and here comes a dynasty. There is nothing anybody can do about it. You offer $M’s to a kid do you think he is going to refuse? I would not.
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It is the future. The schools will own a minority interest and will rent the facilities.
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This will mean…
nfl MINOR LEAGUES
Indeed you could see a Kraft or Glazer figure buy a school football for their own good.
It is the only way this ridiculousness makes any sense. Why would anyone pay for employees if they don’t own the team? What is the return?
Now if you own the team…
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How does this work for State schools?
It can’t be a minor league without incorporating college football teams into the NFL draft
The only way a minor league system works is if the NFL purchases the XFL as a farm system similar to the MiLB and G-League
What gives college football teams value is their alums first and foremost. XFL teams similar to minor league teams don’t have this fan base that can be monetized
That’s the difference
You can reword it any which way you want it but could equal to the exact same thing.
The team will be privately owned with school through tge endowment owning a portion of the team. They rent the facilities and get paid a royalty for the name.
Heck I would buy stock in the Houston Cougars. It would be like owning a piece of the Green Bay Packers.
Not really, because if you have unregulated NIL opportunities from private parties, then technically, a college football athlete could make more money than a rookie NFL player, thus making it pointless to leave for the NFL
What sets everything apart is that you can only play college football for 4-5 years, whereas there’s no limit in the NFL
Nobody is going to invest if they can’t get absolute returns
Just like private equity, this is all essentially an investment unless you have true diehard donors that will continue giving money regardless of performance on the field
Yormark has already approached private equity, so this guys idea isn’t necessarily all that new
No you control the “beast” High valued players become trading chips etc…Remember that these guys will control what their money puts in place.
Yep. They will earn royalties/license fees from use of NIL. Ironic.
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I said less than a month ago that college sports teams would be their own entities soon and I was hooted out of the 281
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Agreed. These aren’t business ventures, they’re positional goods for conspicuous consumption. The point is to say neener neener, and none of us runs in the social circles where that game is being played. I don’t think this is the purpose for which young athletes are meant to exist.
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I think all of them will become professional entities. I suspect there will be a majority owner and they will sell many minority shares to the public (ala the Green Bay Packers). That ownership share will give you seat preference etc… Booster clubs will be replaced by quarterly shareholders meetings.
It is the only solution.
That will also change the nature of conferences. I think both football and basketball teams will have different ownership and different conferences.
Same. People just don’t want to accept reality. I see it often in my line of work.
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Believe it or not, I really do believe if College Football Teams start doing something like this we are in good shape.
We as a program and university could be bought for pennies on the dollar and have the most potential with our location, recruiting, market, etc
Plus we don’t play in the SEC/BIG so it’s less risk more reward being in the Big 12 as the conference grows.
We should be at the forefront of this, I know a lot on this board will cry this isn’t CFB and we need to be and hold traditional values. But unfortunately, it’s adapt or die, and we need to adapt if we want a seat at the table and be more creative than the more established brands.
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Agree. We are already in the age of buying a championship. smu is the prefect example. Like it or not all of the power houses bought players under the table. The ncaa let them do it without any serious repercussions. This has been known for decades. The mighty Tulane used to be a power house in the sec…but they are no longer wonder why…
Anybody crying foul is an hypocrite and is lying.