Big Ten and other Conference Expansion

[Jaxbuck]

Amazing insight, what was your clue?

SU...Syracuse, which is private but it's in NY so it reminds me of the SUNY schools even though they have nothing to do with each other.

Duh

 

[BB73]

SU...Syracuse, which is private but it's in NY so it reminds me of the SUNY schools even though they have nothing to do with each other.

Duh

I thought I was because Billie Holiday performed “On the SUNY side of the street” at the Apollo Theater, which is in New York.

 

[Jaxbuck]

I thought I was because Billie Holiday performed “On the SUNY side of the street” at the Apollo Theater, which is in New York.

No.

That would be a dumb way to think of it.

 

[Jaxbuck]

From the 11W article on this today. The most detail I have seen yet on this:

If the deal is approved, the Big Ten would create a new entity, Big Ten Enterprises, which would control the league’s media rights and sponsorship deals. The UC investment fund would receive a 10% ownership stake in Big Ten Enterprises, with each of the league’s 18 schools and the conference office also holding ownership stakes. It would extend the conference’s grant of media rights to 2046, effectively locking each of the league’s 18 members into the Big Ten for the next 20 years.

This reads like their version of "spinning off the sports" as we have discussed above.

That's why you need a couple of Billion dollars. It's a new venture so debt is a bad idea, you don't want to use the school's cash so you spin up a new thing that concentrates on big time pro sports and entertainment. You leave the Big Ten and it's member institutions to focus on the business of being a University.