Middle East money coming to college football

[Sean Miller Fan]

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.

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.

www.sportspromedia.com

 

[WillyDavis33]

So this "investment" would cost:

100-200M to buy FSU + 572M to buy out of the ACC

This would be a bad investment

 

[h2p_5150]

The sportswashing campaign has been very successful for Saudi Arabia. People will travel to see big races, wrestling events or fights, and they will do the same if UAE or Saudi Arabia hosts a Florida State game once a year.

 

[wbrpanther]

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.

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.

www.sportspromedia.com

Good. Why should Jared Kushner and those other grifting pols get it all.

 

[Sean Miller Fan]

So this "investment" would cost:

100-200M to buy FSU + 572M to buy out of the ACC

This would be a bad investment

So this "investment" would cost:

100-200M to buy FSU + 572M to buy out of the ACC

This would be a bad investment

I dont know what the numbers would be but it would be like any private equity deal. They would buy a percentage of the "company" for a set price and in return, they are entitled to a percentage of future earnings.

 

[prez41]

I dont know what the numbers would be but it would be like any private equity deal. They would buy a percentage of the "company" for a set price and in return, they are entitled to a percentage of future earnings.

Then FSU will sue them for a deal they willingly signed but don’t like.

 

[HailToPitt725]

This will go very well and have no unforeseen consequences. There is zero downside to this…

 

[Pitt79]

Red Bird CEO is The Rock's wife, they are part owners of the UFL

 

[Pitt79]

So this "investment" would cost:

100-200M to buy FSU + 572M to buy out of the ACC

This would be a bad investment

Saudis don't care if they lose money, they aren't profiting on LIV Golf or Saudi Soccer League, yet they subsidize those, probably for PR?

 

[Sean Miller Fan]

Then FSU will sue them for a deal they willingly signed but don’t like.

And win as long as they find a judge on their team. We are nation of judges, not laws.

 

[NCPitt]

And win as long as they find a judge on their team. We are nation of judges, not laws.

LOL

 

[USN_Panther]

And win as long as they find a judge on their team. We are nation of judges, not laws.

Until FSU board members go missing. Which actually wouldn't be a bad thing.
Can't wait for the cartels to buy some teams/schools.

 

[WillyDavis33]

Saudis don't care if they lose money, they aren't profiting on LIV Golf or Saudi Soccer League, yet they subsidize those, probably for PR?

If it is not for money then maybe it makes sense. If they are going to buy a team or part of a team why FSU?

 

[bayardstreet]

The Saudi Investment Fund owns a very large position in Apple and Microsoft but you don’t hear any griping about that.

Maybe the Royal Prince should start small. Just buy the FSU horse and chief Oceola. The chief can ride out before kickoff wearing traditional Saudi clothing.

5 years from now you won’t even recognize college football as it will be The University Professional League with signage and endorsement crap galore.

 

[HailtoPitt]

Saudi government helped pay for 911 prep. But people ignore that and drop straight to the knees when the Saudi money comes calling.

 

[ChiefJusticeMarshall]

Hey, I said this months ago. Pitt should reach out to the Saudi family and offer a scholarship and 72 virgins to one of their offspring to come here.

 

[Sean Miller Fan]

Saudi government helped pay for 911 prep. But people ignore that and drop straight to the knees when the Saudi money comes calling.

This is 🇦🇪 money