We asked Substack’s best finance expert to explain this private equity thing
Split Zone Duo: College Football Podcast
Richard Johnson and Alex Kirshner
4.9 • 916 Ratings
🗓️ 30 July 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
Doomberg runs the biggest financial newsletter on Substack, explaining money and markets to a quarter-million subscribers every week. Alex Kirshner, a skeptic of private equity money in college sports, asks Doomberg a bunch of questions about why institutional money is poised to come to college football, what it will mean, and who it will benefit. Production: Anthony Vito.
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Transcript
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| 0:00.0 | We're coming and we ain't back and now. We don't need a bunch of cats in here. |
| 0:04.0 | Looking in the mirror. |
| 0:05.0 | Everybody do you jump? |
| 0:07.0 | You have to stay there. |
| 0:08.0 | Hey, will you shut up? |
| 0:09.0 | I'm bitterly disappointed with the officiating today. |
| 0:11.0 | Guys being dudes. |
| 0:12.0 | And they run through our shit like shit through a ten horn man. supported with the officiating today. Guys being dudes. |
| 0:12.6 | And they run through our shit like through a ten horn, man. |
| 0:16.7 | There has been quite a lot of talk lately, |
| 0:19.4 | including from several conference commissioners |
| 0:22.3 | and administrators at Blue Blood schools like Florida |
| 0:24.9 | State about the impending arrival of institutional money in college sports. |
| 0:30.9 | Private equity in particular leading that conversation. The big 12 has |
| 0:34.8 | explored selling a piece of its media rights in exchange for what sounds like a |
| 0:38.9 | quick influx of cash to close its gap between themselves and the big ten of the SEC. The new |
| 0:45.0 | Commissioner of the American Athletic sounds very open to doing something similar. |
| 0:49.0 | FSU is considering private equity maybe as part of their escape hatch from the ACC and that's just what we know. On this show we have been |
| 0:57.1 | very skeptical of how this all might play out for the existing enterprise of |
| 1:02.3 | not just college football but all of college sports, |
| 1:04.8 | because we've seen this story, this private equity, and this institutional money story |
| 1:08.9 | go sort of badly for enough industries, including certainly biased year, our own media industry, that there is some skepticism |
... |
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