EXCLUSIVE: A new bill has been introduced to block private equity deals with athletic departments or conferences, according to a draft of the bill obtained by FOS. No school or conference would be permitted to sell ownership stakes to a sovereign wealth fund, PE, or hedge fund.
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@FOS @bmcalhoun7 OK, have fun with that. They can’t handle crypto. I’ll just continue to donate bitcoin
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@FOS @achristovichh So colleges do tech transfer deals with hedge funds every day but their athletic departments aren’t allowed to raise funds the same way? Just nuts.
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@FOS Seems sensible. Can’t wait for lobbyists and money hungry ADs to get in the way of this one.
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@FOS Interesting maybe because P2 saw that FCS was about to deal w PE for FCS playoffs. Distribute the wealth across D1 CFB. @ImmaculateView
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@FOS I really only see this being enforceable if the language of the bill includes the regulations being for (conferences with) public universities.
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@FOS That’s a great development! I hope it goes through. I certainly don’t want college football turn into NFL.
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@FOS If this isn't the most obvious trojan horse to gain control our education institutions...
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@FOS They should also introduce that anyone who considered this should be permanently banned from college athletics
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@FOS This is a great step. PE ghouls should not be allowed to ruin sports like they are wrecking every other aspect of our economy.
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@FOS Much needed. Private equity controlling even more government/public services is such a nightmare
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@FOS LOVE THIS. Private Equity will jack ticket prices and middle class will no longer be able to attend their favorite teams college games.
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