Another application of why I think it actually serves the Universities to legally separate themselves from their professional sports teams.
While they are both under one roof, how do have big money coming into the sports program via NIL and going out the door at the University because the school got it's ass sued off due to liability incurred because of the football team?
University gets back to it's mission of education and research, it still makes a ton of money toward that end by licensing deals with the legal entity that is the professional sports team using the schools brand. Professional sports entity does what professional sports entities do.
It's business 101 for a reason. It would stop the contagion from a football scandal spilling into the functioning of the University in a case like this.