Let’s All Laugh At The Pac 12 Thread

Discussion in 'The Mainboard' started by killerwvu, Nov 27, 2018.

  1. Duck70

    Duck70 Let's just do it and be legends, man
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    Oregon Ducks

    That might be a terrible look
     
  2. jokewood

    jokewood still fucking around
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    Larry Scott knows what he's doing. After all, he went to Harvard on tennis scholarship.
     
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  3. Prospector

    Prospector I am not a new member
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    4 private equity investors that could back the Pac-12
    By Adam Lewis
    March 11, 2019 When the Pac-12 Conference announced in January it had hired The Raine Group to seek strategic partners to help maximize the value of the conference's media assets, the league seemingly confirmed an earlier report from The Oregonian that it was willing to divest equity in exchange for a cash infusion.

    It was a positive step after a series of high-profile failures that have ranged from officiating controversies to revenue shortfalls.

    To give the conference a lift, Pac-12 commissioner Larry Scott is said to have concocted a plan unlike anything in college sports. Late last year, he reportedly pitched university presidents on selling 10% of the conference's commercial assets—mostly made up of broadcasting rights, merchandising, etc.—for $500 million to a private equity firm at a valuation of around $5 billion. The assets would be bundled under a holding company dubbed "Pac-12 NewCo."
    Now, that valuation might seem lofty for a network that just two years ago had one of its marquee games of the season bumped by a NASCAR truck race. And so far, there have yet to be any reports of private equity firms showing interest. But there's certainly value to be unlocked, given the conference will likely enter into a billion-dollar rights deal with a major network in 2024. In a recent interview with The Oregonian, Dallas Mavericks owner/Shark Tank star Mark Cuban said private equity firms would be "intrigued" in buying a stake.

    As for an exit strategy, a Raine Group exec told Pac-12 scribe Jon Wilner that the eventual plan could be to take "Pac-12 NewCo" public.

    But which private equity firms might be interested? Would a firm really want to team up with a league that appears to have a litany of issues without receiving much, if any, control in return?

    That remains unclear. But here are four private equity investors that could make sense as a Pac-12 partner:
    Apollo Global Management
    While it hasn't traditionally been known as a big player in the media space, Apollo Global Management has shown increasing interest in the television industry. In February, the firm struck a deal to acquire a majority stake in 13 TV stations from Atlanta's Cox Enterprises, along with the company's newspapers and radio stations in Ohio. In addition, the firm has reportedly shown interest in acquiring the regional sports networks that Disney is being forced to sell as part of its roughly $71 billion acquisition of 21st Century Fox—even asking LeBron James' media company, Uninterrupted, to partner in a deal.

    Perhaps Apollo would want to add another network to its portfolio using its nearly $25 billion flagship buyout fund?
    TPG Capital
    With headquarters in San Francisco, TPG Capital would make sense as a strategic partner from a geographic perspective. The firm also some experience making a growth investment in a media company at around the valuation being sought by the Pac-12. In 2017, the firm invested $450 million in Shane Smith's Vice Media at a valuation of some $5.7 billion.

    The firm also has experience in television, most notably when it acquired Spanish television station Univision along with a host of other PE firms in 2007 for $13.7 billion. While Univision has since struggled with a large debt load, dropping ratings and executive turnover, and with Vice announcing last month it would cut 10% of its workforce to try and become profitable, perhaps TPG has learned from those struggles.

    Also, Joe Ravitch, a Raine Group executive leading the Pac-12's efforts, serves as a board member at Vice. Perhaps that could open a door to the Pac-12 engaging with TPG.
    KKR
    KKR is annually one of the most active private equity firms in the US. And it has plenty of capital, with $195 billion in AUM, per its latest earnings report.

    The firm also features a TMT growth team that operates out of Menlo Park and invests in a range of industries including software, security, IoT and digital media. It knows a little about sports, too, having led a $275 million Series E in daily fantasy sports company FanDuel in 2015. Might KKR want to dip into its $711 million Next Generation Technology Growth Fund and partner up for another deal?
    SoftBank
    With its $100 billion Vision Fund, SoftBank has seemingly been handing out nine-figure checks like a Pez dispenser dishes out delicious little candies.

    Nothing would grant Scott a little wiggle room with his bosses like announcing a massive investment from the most high-profile investor in the tech industry—just don't tell them about the connections to Saudi money.

    Related read: The Pac-12 wants a $500M investment from private equity
     
  4. DeToxRox

    DeToxRox Misbehavin’
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  5. Duck70

    Duck70 Let's just do it and be legends, man
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    Fucking stupid. Fuck Larry Scott
     
  6. NineteenNine

    NineteenNine Divers are, in fact, wankers. It's science.
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    The Big 12 would like to officially invite the University of Arizona and Arizona State University to the conference.

    Fuck off Colorado. You made your bed.
     
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  7. DeToxRox

    DeToxRox Misbehavin’
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  8. DeToxRox

    DeToxRox Misbehavin’
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    Ahaha

    Michigan fans are running the PAC 12 network

     
  9. CUgator

    CUgator Well-Known Member
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    Pass
     
  10. DeToxRox

    DeToxRox Misbehavin’
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    I say we blame Larry Scott

     
  11. DeToxRox

    DeToxRox Misbehavin’
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  12. devine

    devine Make Devine A Mod Again
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    What a fun tailgate experience that would be :roll:
     
  13. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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    Joke conference
     
  14. DeToxRox

    DeToxRox Misbehavin’
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    I wouldn’t be shocked if Stanford, Cal and the Arizona schools got behind that move.
     
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  15. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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    MACTION>>>>9 am PAC 12 games
     
  16. Truman

    Truman Well-Known Member
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    OSU is going to get stuck playing in that time slot all the time.
     
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  17. Fidelio

    Fidelio meet me at the corner of my mind
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    Tool

    fuck
     
  18. CUgator

    CUgator Well-Known Member
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    The PAC 12 would be following the lead of the last joke conference CU had 10 am mountain time kickoffs in: the Big 12.
     
  19. DeToxRox

    DeToxRox Misbehavin’
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    Nothing says PAC 12 football like a game in Shreveport on December 26.
     
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  20. DeToxRox

    DeToxRox Misbehavin’
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    Also, the Independence Bowl is going to end up being a 7-5 USC playing Army, with Lynn Swann giving Clay Helton a vote of confidence before the game, only to load 77-0.
     
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  21. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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  22. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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    Good start for the Pac 12

    0-2

    :roll:
     
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  23. Fancy

    Fancy thanks, i hate it
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    everyone knows Hawaii and Cincinnati are very tough teams come on now
     
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  24. Taques

    Taques hotter than a baby in a microwave
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    PCd'I

  25. Fancy

    Fancy thanks, i hate it
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    We did it
     
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  26. AHebrewToo

    AHebrewToo Albino Hebrew Extraordinaire
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    I thought each part was going to be a quarter from the UCLA game.
     
  27. RockHardEnis39

    RockHardEnis39 StEvIS_iN_cBuS/LandlordBob stalks me
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    Damn, Brett
     
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  28. DuckKin

    DuckKin Well-Known Member

    West Coast is not going to challenge the love of football that the south or Midwest has, and the more the CTE issue arises, the more you will see a drop in football, and it will start out west.
     
    Nelson likes this.
  29. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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  30. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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    :roll:

    “1st round qb” doesn’t even give his receivers a chance
     
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  31. Schadenfred

    Schadenfred Well-Known Member

    Oregon choked versus Auburn because they were concerned about CTE.
     
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  32. DeToxRox

    DeToxRox Misbehavin’
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  33. burnttatertot

    burnttatertot Stock Extraordinaire
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    Someone should inform JaTarvious they got outplayed, bad, by that Pac12 team regardless of final score. Enjoy your .500 record this year Auburn.
     
  34. Aaron Hernandez

    Aaron Hernandez LikeMyPostCampaign: https://bit.ly/2kKJpot
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    Damn, got him good with the oh yeah well we should have won come back.
     
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  35. burnttatertot

    burnttatertot Stock Extraordinaire
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    Tape don't lie.
     
  36. AubCabs

    AubCabs eatin' fried okra with Oprah
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    :loldog: tell us how you really feel
     
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  37. Taques

    Taques hotter than a baby in a microwave
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    PCd'I

    “is oregon in the atlantic coast conference?” asks person from alabama
     
  38. Taques

    Taques hotter than a baby in a microwave
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    PCd'I

    “we can’t let a pac 12 team beat an sec team” says player in aforementioned conference who just suffered losses to wyoming, memphis, north carolina, and georgia state all in the span of 12 hours
     
  39. Tiffin

    Tiffin Florida is a penis.
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    he's right, losing to a PAC12 team would be worse than all of those.
     
  40. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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    Not looking good for the PAC 12 getting a playoff team this year

    Only 3 undefeateds left...wash st, Cal, and Arizona st
     
  41. Duck70

    Duck70 Let's just do it and be legends, man
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  42. Tman12

    Tman12 Well-Known Member
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    So fucking stupid. I hate Larry Scott.
     
  43. The Banks

    The Banks TMB's Alaskan
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    It’s insulting that he has a job
     
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  44. Duck70

    Duck70 Let's just do it and be legends, man
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    Oregon Ducks

    ... making $5 million a year
     
  45. killerwvu

    killerwvu Restoring WVU's E-Rep 1 Post At A Time
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  46. burnttatertot

    burnttatertot Stock Extraordinaire
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    Sweet, they gonna do something about that USC game last year too?
     
  47. spagett

    spagett Got ya, spooked ya
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    Will Arizona look better than this the entire season? They can't miss
     
  48. The Hotch

    The Hotch Well-Known Member
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    This team is actually kinda legit... tons of talent and pretty versatile and deep. If they stay healthy, progress properly, and hang onto the good team chemistry there is Final Four potential. I realize the same could be said for 4-5 Zona teams over the last 12 years or so that didn’t make the FF but this team is interesting and different in a good way,
     
    #148 The Hotch, Nov 11, 2019
    Last edited: Nov 11, 2019
  49. rodmansrage

    rodmansrage wearing a hoodie.



    at this point, im surprised you're surprised
     
  50. Daniel Ocean

    Daniel Ocean I only lied about being a thief
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    did you guys get a new coach?
     
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