forums

FSU is broke

They will hose the taxpayers eventually... just like how they paid for their stadium renovations...
The Tallahassee lawmakers would be glad to oblige...
 
Advertisement
Felonious Monk said:
The part cut off: FSU is moving money from student housing and dining halls into the athletic department.

We're not too far away from either the complete sale of the athletic department to private equity or them being caught selling cocaine out of the back of Doak.
Click to expand...
Or students protesting that their tuition and housing fees are going towards maintaining a professional sports franchise. I’ve been saying this for a while, going all the way back to Canespace when the issue was schools spending hundreds of millions on athletic facilities - this will ultimately backfire politically and lead to multiple schools dropping sports.
 
Felonious Monk said:
The part cut off: FSU is moving money from student housing and dining halls into the athletic department.

We're not too far away from either the complete sale of the athletic department to private equity or them being caught selling cocaine out of the back of Doak.
Click to expand...
Here’s ChatGPT’s worst case scenario for a private equity buyout of FSU athletics:


In 2027, a major private equity firm acquires a controlling stake in Florida State Seminoles from Florida State University, promising financial stability and championship investment amid conference realignment chaos. Initially, boosters are reassured by bold pledges of new facilities and NIL funding.

Within two years, priorities shift.

To maximize returns, the firm aggressively monetizes every revenue stream:

  • Ticket prices double, pricing out long-time fans in Tallahassee.
  • Student ticket allocations are slashed in favor of premium corporate seating.
  • Historic rivalry games are moved to neutral-site NFL stadiums for higher payouts.
  • Media rights are bundled and sold in complex financial instruments, prioritizing short-term cash over long-term exposure.
Non-revenue sports are the first casualties. Olympic and women’s programs are cut or consolidated to “optimize portfolio efficiency,” sparking Title IX scrutiny and national backlash. Athletes in smaller sports lose scholarships mid-cycle as contracts are restructured.

Coaching contracts are rewritten with heavy performance clauses. When a single 8–4 football season dents projected earnings, staff are fired en masse to “protect asset value.” Recruiting suffers as prospects fear instability. Transfer portal departures spike.

Academic alignment erodes. Practice schedules expand to maximize TV windows, conflicting with coursework. Graduation rates decline. A minor scandal involving NIL payment guarantees—structured like deferred compensation—triggers NCAA investigations and lawsuits from athletes who were promised returns that never materialized.

Meanwhile, debt taken on to finance the acquisition burdens the department. To service it, the firm pushes for a partial stadium naming-rights sale that removes the Seminole branding from iconic venues, igniting alumni revolt.

By year five:

  • Fan attendance has fallen despite higher per-seat revenue.
  • Donor contributions decline as boosters feel sidelined.
  • The football program is nationally competitive but culturally hollow.
  • The university has limited governance control due to long-term operating agreements.
When the firm exits via resale to another investment group, it books a profit. The program, however, is left with leveraged debt, diminished traditions, fractured fan loyalty, and weakened non-revenue sports infrastructure.

FSU remains a brand — but no longer fully a campus-centered institution.
 
Can’t wait till they are setting up dunk tanks and milk bottle games trying to raise money to raise money for fuel for the buses cause the airlines won’t touch them because of non-payment…..😂
 
Advertisement
Felonious Monk said:
The part cut off: FSU is moving money from student housing and dining halls into the athletic department.

We're not too far away from either the complete sale of the athletic department to private equity or them being caught selling cocaine out of the back of Doak.
Click to expand...

Maybe they can turn the Science building into a Meth Lab. Just sayin’ Better than a Bake Sale/Lemonade stand out in front of Doak on Game Day.
 
GojiraCane said:
Here’s ChatGPT’s worst case scenario for a private equity buyout of FSU athletics:


In 2027, a major private equity firm acquires a controlling stake in Florida State Seminoles from Florida State University, promising financial stability and championship investment amid conference realignment chaos. Initially, boosters are reassured by bold pledges of new facilities and NIL funding.

Within two years, priorities shift.

To maximize returns, the firm aggressively monetizes every revenue stream:

  • Ticket prices double, pricing out long-time fans in Tallahassee.
  • Student ticket allocations are slashed in favor of premium corporate seating.
  • Historic rivalry games are moved to neutral-site NFL stadiums for higher payouts.
  • Media rights are bundled and sold in complex financial instruments, prioritizing short-term cash over long-term exposure.
Non-revenue sports are the first casualties. Olympic and women’s programs are cut or consolidated to “optimize portfolio efficiency,” sparking Title IX scrutiny and national backlash. Athletes in smaller sports lose scholarships mid-cycle as contracts are restructured.

Coaching contracts are rewritten with heavy performance clauses. When a single 8–4 football season dents projected earnings, staff are fired en masse to “protect asset value.” Recruiting suffers as prospects fear instability. Transfer portal departures spike.

Academic alignment erodes. Practice schedules expand to maximize TV windows, conflicting with coursework. Graduation rates decline. A minor scandal involving NIL payment guarantees—structured like deferred compensation—triggers NCAA investigations and lawsuits from athletes who were promised returns that never materialized.

Meanwhile, debt taken on to finance the acquisition burdens the department. To service it, the firm pushes for a partial stadium naming-rights sale that removes the Seminole branding from iconic venues, igniting alumni revolt.

By year five:

  • Fan attendance has fallen despite higher per-seat revenue.
  • Donor contributions decline as boosters feel sidelined.
  • The football program is nationally competitive but culturally hollow.
  • The university has limited governance control due to long-term operating agreements.
When the firm exits via resale to another investment group, it books a profit. The program, however, is left with leveraged debt, diminished traditions, fractured fan loyalty, and weakened non-revenue sports infrastructure.

FSU remains a brand — but no longer fully a campus-centered institution.
Click to expand...
And.. that’s how it’s done
 
GojiraCane said:
Or students protesting that their tuition and housing fees are going towards maintaining a professional sports franchise. I’ve been saying this for a while, going all the way back to Canespace when the issue was schools spending hundreds of millions on athletic facilities - this will ultimately backfire politically and lead to multiple schools dropping sports.
Click to expand...
Whut!
 
Advertisement
Back
Top