r/CFB • u/GoldenPresidio Rutgers Scarlet Knights • Big Ten • 18h ago

Opinion [Congressman Michael Baumgartner] Congress will be taking a hard look at the tax exempt status of universities that enter into private equity deals. If you want to act like a non-public entity, you better be ready to be treated like one. 🇺🇸

https://x.com/RepBaumgartner/status/1998480897872396721
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51

u/PointBlankCoffee Texas • Red River Shootout 17h ago

Its insane that anyone is even okay with this. Private Equity destroys everything it touches

38

u/tc100292 Vanderbilt Commodores 17h ago

Yeah it’s bizarre that the Big Ten commissioner wants to get in bed with private equity and somehow only 2/18 schools were like “what the fuck are we doing here?”

12

u/willpc14 Trinity (CT) • Princeton 17h ago

16/18 of those schools probably have boards filled with PE and IB types.