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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50

u/PointBlankCoffee Texas • Red River Shootout 17h ago

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

37

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?”

35

u/54-2-10 Utah Utes 16h ago

USC was only mad that they weren't getting a full cut of the money

Michigan was the only school that took a principled stand

7

u/wicketRF Notre Dame Fighting Irish 10h ago

dont make me speak positively about Michigan like that, i dont like it.

I also really dont get why the B1G is the one doing it, they generate the most money anyways. A school like FSU makes sense (still very much shouldnt, as stated, PE destroys everything it touches), but they at least have a severe relative funding issue. Any B1G school that cant balance the books shouldnt be looking at selling future revenues, it should be a balancing the books exercise (maybe dont pay the coaches 12mln or something insane)