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Utah for-profit equity deal: the endgame for CFP

Brains said:
PE has a role to play when something's truly dead/dying and you just have to salvage what's left. On the flip side l, it can take a stake in a highly successul operation to turn a profit.

PE is bad for college football. I'm struggling to see the positives at all. It's just meddling. The cash injection willcbe temporary. PE has to sell at some point. This isn't a 20 year "buy and hold."
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You could've ended the statement at "PE is bad". I could point to so many industries being ruined by PE and the inner workings and all that crap...
 
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Someone will buy up Miami and scoop up Bethune Cookman to use for operating losses
 
Going back to the days of the Colloseum, the gladiators, and the rich men that owned them...

..to die is glory!
 
305_separatist said:
OpenAI guys lmao
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Like I said previously, IRS/Government controls Not for Profit Status, when you apply for Not For Profit Status you apply directly with the IRS and have yearly filings to maintain status. In the case of OpenAI I may be mistaken but they haven’t turned a profit yet, also, it looks like they’re trying to get out of that status. It’s very restrictive with how the money is used. Plus add in the fact the government guarantees student loans.
 
Skitz305 said:
Like I said previously, IRS/Government controls Not for Profit Status, when you apply for Not For Profit Status you apply directly with the IRS and have yearly filings to maintain status. In the case of OpenAI I may be mistaken but they haven’t turned a profit yet, also, it looks like they’re trying to get out of that status. It’s very restrictive with how the money is used. Plus add in the fact the government guarantees student loans.
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Turing a profit has nothing to do with it lol. "Non-profits" turn a profit all the time. The Utah example is a for profit subsidiary under the non-profit, which is totally legal and fine and has tons of precedent. In the case of OpenAI, they used it to create a structure which supports one of the largest privately funded companies on the planet with billions in outside investment. The outside investment was the more novel part there, but there's not putting the genie back into the bottle. It's kosher and not changing.
 
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