Private Equity is about to turn college athletics on its head. Will start shelling out $200 million a school to 10-15 schools, have them break off and form their own super league, that $200m will be split among schools and players, and the new league will be streamed by Amazon/Netflix/Apple with media rights in the tens of Billions of dollars, of which the PE firms get a %.
18 year old kids are about to sign $50 million contracts. Blackstone South vs Apollo North leagues. Every game streamed, ESPN and Fox getting left out, dozens of athletic departments will fold when their teams get left out, NCAA disbanded, SEC will cease to exist, on and on and on.
Some slight exaggeration on my part. Key word is slight. The majority of this will come true. Welcome to the fvcking show. I for one hope AU joins a super league and gets the bag.
18 year old kids are about to sign $50 million contracts. Blackstone South vs Apollo North leagues. Every game streamed, ESPN and Fox getting left out, dozens of athletic departments will fold when their teams get left out, NCAA disbanded, SEC will cease to exist, on and on and on.
Some slight exaggeration on my part. Key word is slight. The majority of this will come true. Welcome to the fvcking show. I for one hope AU joins a super league and gets the bag.
