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TrashMaster G

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TrashMaster G last won the day on November 20 2023

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  1. Yes, it's a loan. The equity referenced is limited to ownership of future cash flows, so it is absolutely a loan. A public university is not going to put up ownership of assets, because they can't. That would take a legislative act.
  2. The debt makes sense, to a point. Big-time football is advertising for the university as a whole. SMU saw a decline in student quality when they shut down the football program for the death penalty. Conversely, their move to the ACC saw the opposite effect. Better and more students means more money, now AND later. So, going into some level of debt to keep your name as part of the game makes sense. There is a limit, however.
  3. Texas has about the healthiest finances around. The move to the SEC was our big move to leverage our brand into higher funding. I would be shocked if we ever went down this stupid road.
  4. People see the words "private equity" and they think "Ooohhh, fancy finance stuff. This must be a smart move." It's a public university. There are no hard assets changing hands here. The PE firm is projecting future cash flows and doing a present value calculation at a (userous, probably) discount rate. The University is after a quick payday today in exchange for giving up future media rights/bowl share/operating income. Maybe they have a large capital plan they need to fund, but I can't imagine the loan rates for those projects would be nearly as bad as what the PE firm will use to value down their offer. But, hey, what do I know?
  5. Come up with your own joke, Bucko!
  6. What would be the incentive? A bucket of NIL cash?
  7. Whaddaya mean? Cleveland always needs another one.
  8. I haz a sad.
  9. Did he pull a T Boone in his will?
  10. Didn't want to be a 7th round pick? Yet?
  11. Go Navy! Beat Army! (In honor of my Dad, who served in the brown-shoe Navy for nine years)
  12. I wish him the very best of luck.
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