Alex Stepien

[Alex Stepien @AStep313]

@statsowar Honestly a way better idea than whatever this is.

[Alex Stepien @AStep313]

@RossDellenger **whispers** college athletes are professionals

[Alex Stepien @AStep313]

@Genetics56

[Alex Stepien @AStep313]

@slmandel Pure greed from the schools. Refuse to give employment contracts to try and skirt liability, cry foul when they can’t enforce employment contracts they won’t give

[Alex Stepien @AStep313]

@dennisdoddcbs Sark

[Zach Resnick | Save Time + $ on Premium Travel @trumpetisawesom]

$20,000 saved for a private equity firm in London on three last-minute flights to New York.

They messaged us once. We handled the rest.

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[Alex Stepien @AStep313]

@Genetics56 The only thing Pettiti cares about is creating that extra inventory for a play-in weekend. (3 v 6, 4 v 5) Needs 4 AQ for that.

[Alex Stepien @AStep313]

@TomMarsLaw LOL

[Alex Stepien @AStep313]

@Genetics56 You’re saying the $650M is the existing revenue stream from now until existing GOR expiration, right?

[Alex Stepien @AStep313]

@Genetics56 Wrong. Extremely short-sighted. Optionality in 10+ years worth orders of magnitude more.

[Alex Stepien @AStep313]

@rw_burns @Genetics56 @UMich Double benefit. Cash now to continue to overpay the admin class in athletics.

Plus they lock themselves to tier 1 for 20 years. Great deal for Tiers 2 & 3

[Alex Stepien @AStep313]

@Genetics56 Not to mention, unless I’m mistaken the NBA patch deals are not sold together, but team by team.

Mich/OSU/Oregon, etc deals independently probably worth more than even the uneven share

[Alex Stepien @AStep313]

@Genetics56 This is all well and good, but you don’t need an equity partner to do this. And you don’t need a 20 YEAR lockup either.

[Alex Stepien @AStep313]

@HecoxMichelle @Genetics56 Parity is not the goal.

[Alex Stepien @AStep313]

@flugempire @JordanAckerMI You have to at least respect his willingness to put his name to it. Show me the board members or ADs at other B1G institutions who are supportive of this.

[Alex Stepien @AStep313]

@Genetics56 Don’t need private capital to do this.

[Alex Stepien @AStep313]

@flugempire I get that, but I really struggle to see why that isn’t something the B1G can already do without outside capital.

This is made more clear because the investment isn’t staying in the enterprise.

[Alex Stepien @AStep313]

@flugempire @AndyStaples @ScottDochterman Lol is that a joke? The danger is the UC endowment putting ~1.5% of it’s total value at risk?