FSU Starts ACC Exit Fight With Silence on Private Equity
Two weeks after its undefeated football team was spurned from the College Football Playoff, Florida State University said it sued the Atlantic Coast Conference over its half-billion-dollar exit...
View ArticleACC Likely to Return Fire in FSU Suit Over ‘Punitive’ Exit Fees
In a wide-ranging, 38-page complaint that Florida State University says was filed on Friday in Leon County (Fla.) Circuit Court, the FSU Board of Trustees accuses the ACC of surreptitiously changing...
View ArticleSporticast 308: FSU’s Christmas Present to ACC Is an Exit Lawsuit
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including FSU’s decision to sue the ACC over its exit...
View ArticleNCAA Penalizes Florida State for NIL-Related Violations
The NCAA announced Thursday that a Florida State assistant football coach violated its recruiting rules in April 2022 by transporting a transfer prospect and his family to a meeting with a school...
View ArticleFSU’s ‘Project Osceola’ Private Equity Push Began in 2022: Docs
Florida State University administrators spent much of the first half of 2023 speaking with at least two private equity firms, Sixth Street and Arctos Partners, about the possibility of providing money...
View ArticleWisconsin’s Altius Deal Shows How Colleges Hide What Public Seeks
It’s been almost two decades since I graduated from the University of Wisconsin, and the school continues to teach me valuable lessons. Such as: Don’t trust everything you read in press...
View ArticleACC Paid $7.2 Million to Lawyers, Including Ex-Big Ten Counsel
The Atlantic Coast Conference disclosed spending $7.23 million on attorneys in the fiscal year 2023, the most of any of the Power 5 schools during that period. That time frame predated the league’s...
View ArticleFSU Athletic Association Lags in Cash and Clout
There’s a lot going on in Florida State athletics these days—including a legal battle with the Atlantic Coast Conference over exit fees, a $327 million bond offering and talks with private equity—but...
View ArticleFSU Expands Legends Deal as Sixth Street Talks Continue
Florida State University has spent the last year in talks with private equity giant Sixth Street about a possible cash infusion. On Wednesday, the university announced a new 10-year expansion of its...
View ArticleFlorida AG Lands Look at ACC Media Rights Contracts
The ACC will soon disclose to Florida Attorney General Ashley Moody what she calls the conference’s “secretive media rights contracts,” including with ESPN. In April, Moody sued the ACC for allegedly...
View ArticleFlorida State, Sixth Street Ended Investment Talks About a Year Ago
Florida State University and private equity giant Sixth Street mutually agreed to end talks about a possible investment into the athletic department about a year ago, according to multiple people...
View ArticleSporticast 410: New Year’s Eve Sports Business Roundup
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the College Football Playoff quarterfinals,...
View ArticleACC Brass Approve Extension of ESPN Rights Deal Through 2036
ESPN is exercising an option to extend its media rights deal with the ACC, a move that will keep the partnership in place through 2036. The ratified extension was announced Thursday by conference...
View ArticleCoach NIL Lawsuits Confront Florida’s Sovereign Immunity Laws
Florida State basketball coach Leonard Hamilton is currently facing a lawsuit filed by six former Seminoles players, who claim he lied about their NIL compensation in order to entice them to the...
View ArticleFSU’s Hamilton Announces Resignation Amid NIL Lawsuit
Florida State head men’s basketball coach Leonard Hamilton announced on Monday he plans to step down at the end of the current season, just over a month after six former FSU players filed a lawsuit...
View ArticleTiered Revenue Sharing Will Forever Change College Sports Conferences
When Florida State athletics was courting private equity money in August 2023, the school built out a 28-page model projecting its finances through 2043. For revenue from conference media deals, the...
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