Red Bird Capital, which is partially owned by Sheikh Mansour bin Zayed bin Sultan Al Nahyan, a UAE royal, is looking to "buy" into college football programs for 8 to 9 figures for a promise of future earnings. Interestingly, they are partnering with FSU BOT member and former FSU QB Drew Weatherford's company. So perhaps FSU could be the first team that Red Bird buys.
I guess the play here is that Red Bird "buys" a football team like FSU for $100 million or $200 million and provides them the ACC buyout money they need and in return, FSU promises a certain percentage of future earnings.
www.sportspromedia.com
I guess the play here is that Red Bird "buys" a football team like FSU for $100 million or $200 million and provides them the ACC buyout money they need and in return, FSU promises a certain percentage of future earnings.
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RedBird Capital and Weatherford Capital launch college sports fund - SportsPro
Collegiate Athletic Solutions will offer universities between US$50m to US$200m in funding in exchange of a share of future revenues.
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