2025 ACC Thread (Hoops)

jbix80

jbix80

Helluva Engineer
Messages
1,154
My son graduates from a small college in Tennessee this May. As an early graduation gift, I took him to Cameron today for the game against Virginia. He’s a Duke fan 🤮. What an awesome experience! Packed house. Cameron Crazies were awesome. We were up pretty high, but still had a great view. Really cool experience with my son, to be honest! Would recommend a game there, if you get a chance.
 

reckrider

Ramblin' Wreck
Messages
749
Location
Suwanee Georgia
jbix80 said:
My son graduates from a small college in Tennessee this May. As an early graduation gift, I took him to Cameron today for the game against Virginia. He’s a Duke fan 🤮. What an awesome experience! Packed house. Cameron Crazies were awesome. We were up pretty high, but still had a great view. Really cool experience with my son, to be honest! Would recommend a game there, if you get a chance.
Click to expand...
Great story. Thanks.
 
slugboy

slugboy

Moderator
Staff member
Messages
13,979
tdb said:
Maybe we and/or the ACC need to strike a deal with private equity (like the Big Ten) or heck, even go after that Saudi money.
Click to expand...
I know multiple people who were C-level execs or above on companies bought by private equity. Every one of them told a personal story of watching a company gutted and left much weaker after several years of PE investment. The house always wins, and the PE firms are the house.

There’s a reason you can’t find a ToysRUs, Joann, Big Lots, Sports Authority, or Payless shoe store any more. InstantPot was something you couldn’t possibly screw up, and now it’s screwed up. Red Lobster lost tons of money selling endless shrimp thanks to the PE firm making them buy their shrimp at a higher price from a shrimp company they owned an interest in—that and other practices drove Red Lobster into bankruptcy.

Payday loans and title loan companies may have better success stories. (ok, that’s hyperbole, but I’m not even sure if it’s really not true)

If you were joking, you gotta put gifs and sarcasm around the post.
 

MtnWasp

Helluva Engineer
Messages
2,286
slugboy said:
If you were joking, you gotta put gifs and sarcasm around the post.
Click to expand...
What would be safer than exploring private equity would be visiting Vinnie & Marco in their office above the Barber Shop and borrowing money from them. Their interest rates are higher but their contracts are more forgiving.
Opinion Journal: Go Ahead, Drop That F-Bomb
 

cpf2001

Helluva Engineer
Messages
2,768
I really don’t understand how you sell your principals at a PE firm on “hey, we should invest in college sports, that’s gonna be the move” when so many programs already have so much debt.

The Big10 move makes the most sense - “let’s try to make a winner even more of a winner” - but the Utah deal seems insane. You think that’s where you’re gonna find big returns? Making Utah a household brand?
 
kg01

kg01

Get-Bak! Coach
Featured Member
Messages
17,833
Location
Atlanta
Yeesh, watching Duuk v NCSt. The Wolfpack plays some terrible basketball. I thought that Wade guy was a 'strong a** coach'?
 
Techster

Techster

Helluva Engineer
Messages
20,061
slugboy said:
I know multiple people who were C-level execs or above on companies bought by private equity. Every one of them told a personal story of watching a company gutted and left much weaker after several years of PE investment. The house always wins, and the PE firms are the house.

There’s a reason you can’t find a ToysRUs, Joann, Big Lots, Sports Authority, or Payless shoe store any more. InstantPot was something you couldn’t possibly screw up, and now it’s screwed up. Red Lobster lost tons of money selling endless shrimp thanks to the PE firm making them buy their shrimp at a higher price from a shrimp company they owned an interest in—that and other practices drove Red Lobster into bankruptcy.

Payday loans and title loan companies may have better success stories. (ok, that’s hyperbole, but I’m not even sure if it’s really not true)

If you were joking, you gotta put gifs and sarcasm around the post.
Click to expand...

I have a company that competes in a space private equity has taken over. One of the best things that happened for my business. They have driven away labor talent, increased prices, and the quality of service has plummeted. All they care about is the bottom line and they continue to think that they can compensate for an eroding customer base by increasing prices to make up for it. I continue to encourage them to think that way.

It's a story that repeats itself in Private Equity. They buy out successful businesses, roll it up with other companies they've acquired in the same sector, and think they can name their price...while the customers suffer. They look at their needed returns, and have bean counters who don't understand the business chip away at what made the business successful to meet those returns until it's no longer a successful business.

Greed cuts both ways. GT needs to stay as far away from Private Equity as possible. It may seem like PE is helping at first, but at the end of the day, you'll find they've gutted you and it's too late to turn it around.
 
Peacone36

Peacone36

Helluva Engineer
Messages
12,629
Location
Maine
Syracuse is doing things.

They named a new Chancellor today. The school looked primed to hire Heather Lyke as AD (formerly of Pitt) but now a complaint has surfaced about her. They are revamping the football staff following a 3-9 season as well.

They are shaking things up in the land of Orange.
 
gte447f

gte447f

Helluva Engineer
Messages
1,932
Northeast Stinger said:
Does this feel like a slippery slope that could go terribly wrong to anyone else?

Aligning yourself so prominently with corporate America can bring a lot of unintended baggage.
Click to expand...
Sure, maybe, but what did you expect? All I’ve heard since NIL became a thing is how since GT is in Atlanta fortune 500s like Coke, Delta, Home Depot should be lining up to sponsor our little sports clubs.
 
Top