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What's going on Mean Green?
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6
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference
This is going around fast, the pros and cons https://www.si.com/college/byu/football/the-pros-and-cons-of-private-equity-investment-in-the-big-12 -
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Miami Dolphin, former Elkhart Elk Jeff Wilson Jr. holding Dream Big 903 Camp
While the camp is free, participants will need to preregister for the event, either by contacting Robinson at 214-870-3299, or online at zeffy.com. The camp is to be held from 11 a.m. to 1 p.m. at Jerry Ives Memorial Stadium in Elkhart. Wilson, a 2009 graduate of Elkhart, rushed for over 5,000 yards and 62 touchdowns as a member of the Elks football team, parlaying his play into a scholarship to the University of North Texas. At North Texas, Wilson exploded onto the scene as a junior under the guidance of then offensive coordinator Graham Harrell, posting over 2,000 yards rushing at 30 touchdowns during his final two years in Denton. After graduating from North Texas, Wilson was signed as an undrafted free agent by the 49er’s, playing with the team against Patrick Mahomes and the Kansas City Chiefs in Super Bowl LIV. The Chiefs won the game 31-20. link: https://www.jacksonvilleprogress.com/news/miami-dolphin-former-elkhart-elk-jeff-wilson-jr-holding-dream-big-903-camp/article_aa396466-290a-11ef-9710-eba4c4c6d96e.html -
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Reece Mooney and Stone Earle could be gone too
"Penciled in," or carved in stone? "Penciled in" would mean Stone would at least have a shot to win the starting job. And what lie, specifically, was told to Stone, and who told it to him?- 1
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Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference
A private equity acquisition or partner doesn't mean anyone can buy stock. This would be a private transaction with private stakeholders. However, there's a chance the private equity firm will push to take the organization public, at which time you could buy stock. Regarding the type of performance the private equity firm will require for their investment, let's just say they're not providing $1B for charity purposes. I'd imagine they'd expect a minimum of 10%–20% ROI to get started. From there, given the amount of cash they're willing to inject, they probably view it as a "moonshot" opportunity and expect/hope to get much, much more than that. In my experience, when private equity enters the picture, all they care about are short-term growth numbers. The types of gains they target are often possible to achieve for the first couple of years with a significant amount of restructuring and effort, but the target gains often become unsustainable after 3–4 years. One reason is that the demand for higher returns paired with the understaffed and overrun teams creates a negative company culture, and staff turnover becomes a huge operational drag. It's true that not ALL private equity firms operate this way, and there are some that seek to be genuine and realistic partners in the long-term growth of the company, but that seems to be the exception rather than the rule.- 1
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From the desk of Jared Mosley - special update
Not much of an update. More like a fund-raising plea, several non-updates and bunch of coach-speak/AD platitudes. Blah, blah, blah. "...we have several contingencies in motion as we plan and prepare for the future ahead." -- OK, what future do you see specifically, what are your plans, what are you preparing for and what are the contingencies? What is the best/worst case scenario you are preparing for? "...most collectives at AAC member institutions are targeting $1-2M for the sport of football and $600K+ for the sport of men's basketball." OK, what are collectives associated with UNT athletics targeting? "...Some institutions in our league are raising more than this." OK, which institutions and how much more? "...Our staff is actively fundraising for our Athletics Center expansion project." Great, how's it going? What are your goals and how are you progressing towards them? "...we are hoping to complete this project in two phases." OK, what are these phases, when do you anticipate each one starting and completing...2 years, 5 years, 10 years? Please do better.- 2
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