Neutral Corner
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They're also looking at selling conference naming rights, as in "The Allstate Big 12 Conference".
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Which begs the question: What will other conferences be called?They're also looking at selling conference naming rights, as in "The Allstate Big 12 Conference".
Which begs the question: What will other conferences be called?
SEC: Waffle House
ACC: Bank of America
MAC: Spee Dee Muffler King
They're also looking at selling conference naming rights, as in "The Allstate Big 12 Conference".
What could possibly go wrong?
In other news, I find it amusing that the Big Ten has done away with the two division format. The two highest ranked teams will meet in the conference game. Given the expansion, this means that a team is going to come in 18th in the B1G. Hearing the wails of the 15th through 18th teams should be fun.
Can't wait until the titanic Michigan (11-0) vs. Ohio State (11-0) clash, followed by the Michigan (12-0) vs. Ohio State (11-1) clash for the B10 title, followed by a Michigan (13-1) vs. Ohio State (13-1) playoff game,
It would depend on how the contract is written. Obviously a 20% stake is normally not a controlling interest. But the contract could well include clauses that give the private equity firm powers, especially if guarantees are not made. For example, if revenues fall short and the private equity firm is not receiving its guarantees the contract could allow the firm to assume control of the athletic department budget. I would think that private equity would want some protections written into the contract.I know nothing about finance for the ultra rich. Explain this one for me. If a private equity firm gets a 20% stake in the conference and is the only outside investor, would it by definition have enough clout to order the dismissal of financially underperforming members?
I kind of think this Allstate 12 is the crack in the door that eventually leads to the Walmart Razorbacks and EBSCO Crimson Tide and FedEx Tigers.