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Big Ten and other Conference Expansion

From what I gather the 21 years wasn't a locked in tv deal it was the grant of rights which essentially grants the B1G as entity your TV rights to shop. Aka the thing holding the ACC together. Aka USC and Michigan don't want tied to Rutgers and Purdue for 21 years.

Yea, this is why the lesser teams want this, the realignment security. Why we want it though, I have no idea.
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Big Ten and other Conference Expansion

PE group wants to invest in a new entity

That new entity is (essentially) the sports tv rights/brand of the B1g ten, not the big ten academic institution we know today

In return for ~2Billion they get 10% and no operational control, B1G gets 90% and runs the show.

Both are betting together that the value of the B1G sports brand (and subsequent tv contracts) will go way up in the newly created seperate entity (again, not the B1G we all know right now).

It appears tsun and USC are saying that locking in those tv rights for 21 years is a deal breaker, and if it's that simple in reality, I completely agree.

The concept of the deal is smart and makes sense. That detail is way out of whack.
From what I gather the 21 years wasn't a locked in tv deal it was the grant of rights which essentially grants the B1G as entity your TV rights to shop. Aka the thing holding the ACC together. Aka USC and Michigan don't want tied to Rutgers and Purdue for 21 years.
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RB James Peoples (National Champion)

PPF Grades: Running Backs (vs UCLA)​

James Peoples: 86.7 (16 snaps)...... 6 carries, 42 yards, 2 TDs, 1 reception, 5 yards
Bo Jackson: 76.1 (35 snaps)...... 15 carries, 112 yards, 1 TD
Isaiah West: 67.4 (19 snaps)...... 8 carries, 61 yards, 1 TD, 2 receptions, 12 yards

Just sayin':

1. Since Peoples graded out as the highest RB I'll say he did a better job blocking than the other 2.
2. After a slow start this season where he went from RB1 to RB3 or even RB4; I'll say (in the last few games) Peoples is now working his way back for more PT and/or carries.
Its one game, but Iron sharpens Iron. If he wants to get on the field he will just have to keep fighting like this. I love it!
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Cincinnati Bengals (Same Ole Bengals)

Shemar Stewart graded NFL's worst first round pick of 2025 draft...

Water is wet.
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Big Ten and other Conference Expansion

I’m not a finance guy, but there has to be a better way of countering short term deficits than selling part of your business. Even the siphoning from the university seems better.

Oh. I don't see it as clearing a deficit.

I see The academic B1G looking for a way to 1) capitalize on the sports money and 2) get it separated from the academic side somehow

So, you do that by creating a new entity (The B1G Sports entity) and when you do that you have to ask yourself, "how do we fund it?"

1) take money from the current entity
2) borrow
3) bring on an investor

1 and 2 both have the same bad result in which they impact the current entity's balance sheet in a negative way (less cash or more debt).

#3 is the best way to get something up off the ground, get it hydrated with enough Op Ex to make sure it can live and then share in the profits if there are any but not being obligated to pay anyone a fixed note or collateralized assets if it fails.

I'm quite sure that some of the B1G member schools are wanting the deal done o they can get some cash and get rid of the balance sheet hole that their non money making sports teams create. The others don't have that problem and are going to resist the deal and pull any levers they can in their own self interest if they are "forced" into a deal.

I still think this is what tsun and USC are doing but the reason they are claiming to use to hold it up seems valid. The PE firm asking for 21 years of contracted tv rights deals to help them be able to project better is nonsense. The inflationary forces we have in the economy today are baked in, they cannot be put back in the closet. No asset (like the B1G sports rights) is going down nor should it be locked in to todays prices for the next 21 years.

That is juts nucking futz (which tells me there is more to it because guys at this level are far too sophisticated for it to be that simple. The PE guys who can do a 2+ Billion dollar deal with the B1G are many things but stupid isn't one of them.
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