Five o'clock, been a very, very busy show.

You guys have been great.

A lot of responses.

I'll give you everything available and then I'll just quickly reset where we're going.

Look, we did bring up the private equity deal that Jeremy highlighted in the update.

And I actually like Michigan's approach a lot more than Michigan states.

I like that their regents have gone out and said, yeah, we're not doing this.

And it's because they have an eye on the long term.

And private equity is not here to help you.

I don't care if it's this business.

I don't care if it's the American housing market.

Corporate equity is out for

one thing. They're not doing you a service. So, you know, fast money's not good money. And I don't like

the idea of selling out 10, 15, you know, 10% of the league for 15 years, also signing the charter

through 2046.

No, private equity almost comes across as organized legal loan chart.

It's something.

Well, yeah, I'm going to give you this money and you're going to sign this piece of paper and

then one day I'm going to come to collect.

But the point is, if you're a Michigan fan, I wondered your comfort level when one of your regents threatens to leave the big 10.

For Michigan State, it's just more of the same.

Our athletic director and school president are mutes.

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