https://www.sportsbusinessjournal.c...rt-penn-state-ucla-ink-pe-deals-with-elevate/ schools currently claiming to only be using elevate to sell tickets or whatever (malarkey)
Private equity is end state capitalism. Even JoePa wouldn’t have been able to look the other way from the ass fucking about to take place in Happy Valley.
Didn’t realize PSU was in financial hell. Guess payments to the thousands of Joepa victims put a hurt on the bottom line.
JoePa is rolling over in the grave at the news that private equity is buying Penn State’s athletic department. Not because he disapproves of the notion, but because he is adept at looking away from anal rape.
Sorry to disappoint everyone OK, so this all got blown out of proportion to a degree. PE is investing into Elevate. Elevate is adjusting its agreement (likely giving them more control on ticketing or something) with UCLA and Penn State. In return, PSU and UCLA get more upfront money. www.oneelevate.com/article/elev...— Darian Somers (@stuffsomerssays.com) 2025-06-09T20:30:01.276Z
“or something” Well, that’s as definitive of a statement as you’ll ever see. I’m convinced, nothing to see here, other than a revamped ticket sales strategy.
Is it me or is the sentence ´got blown out of proportion to a degree ´ a little funny? ´this got blown out of proportion (he said in a loud voice), to a degree ( he said in a whisper).´
I didn’t read the article and thought an equity firm was some sort of investment company. What I thought is that we were using a private investment company to make money in order to pay athletes more. If that’s what is happening I’m for it if it’s something else please refer all questions to my lawyer wes tegg esq