Does A Kentucky LLC Mean Private Capital Is Next For College Sports?
The post Does A Kentucky LLC Mean Private Capital Is Next For College Sports? appeared on BitcoinEthereumNews.com. MILWAUKEE, WI – MARCH 21: Kentucky Wildcats center Amari Williams (22) goes up for a shot during an … More NCAA Division I First Round Mens Basketball game between the Troy Trojans and the Kentucky Wildcats on March 21, 2025 at Fiserv Forum in Milwaukee, WI. (Photo by Larry Radloff/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images While the attention of collegiate sports is focused on the transfer portal and the pending House settlement, a decision by the University of Kentucky’s (“Kentucky”) board of trustees will likely have material and cascading consequences to the industry. On Friday, Kentucky’s Trustees approved the establishment of Champions Blue LLC (“Champions Blue”), an affiliate, to house the University’s athletic department activities. Part of the stated reasons were governance, compensation, and revenue generation, but based on my experience in sports and private equity, and reading the President’s pitch to trustees, I believe the primary goal is to be the first athletic department to receive private capital. I also believe that other institutions will soon follow a similar model, which has obvious benefits but also potential potholes. University of Kentucky President Eli Capilouto sits in the administration building on the UK campus … More in Lexington, Kentucky, on Friday, Jan. 12, 2024. (Ryan C. Hermens/Lexington Herald-Leader/Tribune News Service via Getty Images) TNS Focus On The Money At Kentucky, it will be up to President Eli Capilouto to decide which intercollegiate assets and functions are transferred to Champions Blue. The entity will be wholly owned by another UK affiliate, Beyond Blue Corporation, raising questions on regulatory compliance and tax status. I’ll leave that to the sports law experts in the media. Instead, I’ll focus on the financial aspects, which I think are significant; while Clemson University spun its revenue generation activities into a separate entity,…
The post Does A Kentucky LLC Mean Private Capital Is Next For College Sports? appeared on BitcoinEthereumNews.com.
MILWAUKEE, WI – MARCH 21: Kentucky Wildcats center Amari Williams (22) goes up for a shot during an … More NCAA Division I First Round Mens Basketball game between the Troy Trojans and the Kentucky Wildcats on March 21, 2025 at Fiserv Forum in Milwaukee, WI. (Photo by Larry Radloff/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images While the attention of collegiate sports is focused on the transfer portal and the pending House settlement, a decision by the University of Kentucky’s (“Kentucky”) board of trustees will likely have material and cascading consequences to the industry. On Friday, Kentucky’s Trustees approved the establishment of Champions Blue LLC (“Champions Blue”), an affiliate, to house the University’s athletic department activities. Part of the stated reasons were governance, compensation, and revenue generation, but based on my experience in sports and private equity, and reading the President’s pitch to trustees, I believe the primary goal is to be the first athletic department to receive private capital. I also believe that other institutions will soon follow a similar model, which has obvious benefits but also potential potholes. University of Kentucky President Eli Capilouto sits in the administration building on the UK campus … More in Lexington, Kentucky, on Friday, Jan. 12, 2024. (Ryan C. Hermens/Lexington Herald-Leader/Tribune News Service via Getty Images) TNS Focus On The Money At Kentucky, it will be up to President Eli Capilouto to decide which intercollegiate assets and functions are transferred to Champions Blue. The entity will be wholly owned by another UK affiliate, Beyond Blue Corporation, raising questions on regulatory compliance and tax status. I’ll leave that to the sports law experts in the media. Instead, I’ll focus on the financial aspects, which I think are significant; while Clemson University spun its revenue generation activities into a separate entity,…
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