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Post by bsutrack on Jan 2, 2019 13:55:48 GMT -6
And so I have enough common sense never to refer to MAC basketball as a "revenue" sport. That would be idiotic….not so idiotic as referring to football that way of course, but still idiotic. Are you able to comprehend this? Comprehend this. Football and basketball charge admission. They are revenue generating sports. Whether they are successful is a very different thing. Those sports that do not charge admission are non-revenue sports. Hope that clears up your inability to understand how sports are categorized. Pretty simple guideline, your brilliance. Okay, call them a dis-revenue sport then if it makes you happy.
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Post by chirpchirpcards on Jan 2, 2019 14:51:00 GMT -6
Sure doesn't look like "private equity" to me, it reeks a lot more of a Corporate Go Fund Me Scheme. That seems to be the basis of it, yea.
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Post by 00hmh on Jan 2, 2019 15:29:17 GMT -6
Sure doesn't look like "private equity" to me, it reeks a lot more of a Corporate Go Fund Me Scheme. That seems to be the basis of it, yea. I don't think so. It's not charity for sure with those dollars.
Whoever gets those TV rights will insist on control of things and you can bet they will figure out how to get more out of them than the PAC 10 guys did. THAT is how profit motive will help. Of course if they take control of scheduling and the profit maximizing interferes with things like students getting to class and other University priorities then we'll have to see how that cuts. That's where profit and university athletics already conflict.
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Post by sweep on Jan 2, 2019 16:01:16 GMT -6
That seems to be the basis of it, yea. I don't think so.
How do you buy ownership interest in a collegiate conference, that can't ever be sold as a single entity, and is made up almost entirely of state controlled public institutions ? Your brain doesn't work. How in the hell do you teach law ? The TV rights aren't for sale and the revenue by covenant is split between the member institutions anyway, so whomever buys this would only be entitled to a small percentage, if any at all. They can call it whatever they want, but it's little more than a naming rights deal.
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Jan 2, 2019 17:04:56 GMT -6
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Post by 00hmh on Jan 2, 2019 17:04:56 GMT -6
A "conference" is a creature of contract. When you "sell a a share of contract" the devil in the detail is you assign rights under that contract.
Since member institutions sign off they can give up rights. What an A student of law needs to understand is that rights by contract are not immutable and can be altered by mutual agreement.
Selling a share of the conference will create a new contractual relationship between all parties. Have to read the fine print to know how. For that amount of money, you can bet it is not charity.
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Post by sweep on Jan 2, 2019 17:55:53 GMT -6
A "conference" is a creature of contract. When you "sell a a share of contract" the devil in the detail is you assign rights under that contract. Since member institutions sign off they can give up rights. What an A student of law needs to understand is that rights by contract are not immutable and can be altered by mutual agreement. Selling a share of the conference will create a new contractual relationship between all parties. Have to read the fine print to know how. For that amount of money, you can bet it is not charity. We are talking about equity (ownership), not simply an augmented contractual agreement. How do you buy ownership in a collegiate conference ? I don't know why you keep talking about charity, no one else has called it that.
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Post by williamtsherman on Jan 2, 2019 17:58:54 GMT -6
And so I have enough common sense never to refer to MAC basketball as a "revenue" sport. That would be idiotic….not so idiotic as referring to football that way of course, but still idiotic. Are you able to comprehend this? Comprehend this. Football and basketball charge admission. They are revenue generating sports. Whether they are successful is a very different thing. Those sports that do not charge admission are non-revenue sports. Hope that clears up your inability to understand how sports are categorized. Pretty simple guideline, your brilliance. Well they sell tickets to women's volleyball also, so there is another "revenue" sport by your definition. BSU is rolling in athletic $$$$! I am also today announcing that tickets are now available for my next visit to sit on the toilet. $19.99 for front row, $11.99 to stand further back on the edge of the tub. My bowel movements are now a "revenue sport" per cardfan12.
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Jan 2, 2019 18:43:00 GMT -6
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Post by 00hmh on Jan 2, 2019 18:43:00 GMT -6
A "conference" is a creature of contract. When you "sell a a share of contract" the devil in the detail is you assign rights under that contract. Since member institutions sign off they can give up rights. What an A student of law needs to understand is that rights by contract are not immutable and can be altered by mutual agreement. Selling a share of the conference will create a new contractual relationship between all parties. Have to read the fine print to know how. For that amount of money, you can bet it is not charity. We are talking about equity (ownership), not simply an augmented contractual agreement. How do you buy ownership in a collegiate conference ? I don't know why you keep talking about charity, no one else has called it that. Don't think you understand the law of business organization. You seem to think that doesn't involve contract. A conference is a partnership or joint venture enterprise. A contract. Partnership law limits the contract. But. It is a contract. Why can't they take another equity partner? A corporation is a regulated organizational structure that allows shareholders to have limited liability. But also a creature of agreement. The shareholder agreement forms the basis of incorporation.
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Post by sweep on Jan 2, 2019 19:00:19 GMT -6
We are talking about equity (ownership), not simply an augmented contractual agreement. How do you buy ownership in a collegiate conference ? I don't know why you keep talking about charity, no one else has called it that. Don't think you understand the law of business organization. You seem to think that doesn't involve contract. Where did I say anything even remotely like that ?
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Post by 00hmh on Jan 2, 2019 20:11:20 GMT -6
Don't think you understand the law of business organization. You seem to think that doesn't involve contract. Where did I say anything even remotely like that ? "We are talking about equity (ownership), not simply an augmented contractual agreement."
Equity ownership is always an augmented contractual relationship.
You then ask:
"How do you buy ownership in a collegiate conference ?"
Answer: By contract. Assignment of rights in exchange for investment.
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Post by williamtsherman on Jan 2, 2019 20:30:38 GMT -6
I'd say two things about the PAC12
First, it seems a lot like a desperation move. Second, it would seem to bolster the case for paying players.
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Post by sweep on Jan 2, 2019 20:42:47 GMT -6
Where did I say anything even remotely like that ? "We are talking about equity (ownership), not simply an augmented contractual agreement."
Equity ownership is always an augmented contractual relationship.
You then ask:
"How do you buy ownership in a collegiate conference ?"
Answer: By contract. Assignment of rights in exchange for investment.
For Christ's Sake, I got a notice from my credit card company today that augmented the contractual relationship. It doesn't mean I have ownership. Assignment of rights is the hallmark of all contracts, I have assigned rights every time I purchase a Municipal Bond, sign a check, or pay a bill online. I don't have an ownership relationship with any of those entities.
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Post by 00hmh on Jan 2, 2019 21:35:14 GMT -6
"We are talking about equity (ownership), not simply an augmented contractual agreement."
Equity ownership is always an augmented contractual relationship.
You then ask:
"How do you buy ownership in a collegiate conference ?"
Answer: By contract. Assignment of rights in exchange for investment.
For Christ's Sake, I got a notice from my credit card today that augmented the contractual relationship. It doesn't mean I have ownership. Assignment of rights is the hallmark of all contracts, I have assigned rights every time I purchase a Municipal Bond, sign a check, or pay a bill online. I don't have an ownership relationship with any of those entities. Every business deal is contractual. We are talking about a business deal. In this case a financing deal.
(BTW, in the bond you own rights to a stream of income, and eventually return of the face value of the bond. For a credit card the lender owns intangible rights to payment from you.)
Equity ownership in a business (other than sole proprietorship) doesn't mean much of anything without defining the interest by contract (or law). It is intangible. If you own a corporation, or business, you don't own physical assets, you own shares of stock(contract rights). If you are partner you don't own all the assets of the business but an intangible right to engage in a business for profit using partnership property and share profits made.
Tell me if I misread it, but the article says they are selling equity in the conference (a business). This appears to be joint venture or partnership.
Doesn't mean they own all the member institutions, but that they own 10% of the business created by formation of the conference which is a business entity jointly owned by member institutions. That's no doubt why the deal was presented to the Presidents and required their approval under the contract creating the conference.
If you doubt that athletic organizations are businesses, there is a lot of law on that.
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Post by sweep on Jan 2, 2019 21:42:47 GMT -6
For Christ's Sake, I got a notice from my credit card today that augmented the contractual relationship. It doesn't mean I have ownership. Assignment of rights is the hallmark of all contracts, I have assigned rights every time I purchase a Municipal Bond, sign a check, or pay a bill online. I don't have an ownership relationship with any of those entities. Every business deal is contractual.
Well, no shit. I quit reading right there.
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Jan 2, 2019 21:46:18 GMT -6
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Post by rmcalhoun on Jan 2, 2019 21:46:18 GMT -6
should I read this?
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