I'm excited to launch Echo Group Holdings (@echogrouphold), a holding company concentrating on youth and college sports. We are building in a transformative market with our seed investors including Mark Attanasio, @ElysianParkVC, @ScrumVentures, and @AlignmentGrowth.
"For the first time really since 2008, I think if you're a Seattle Sonics fan, you can truly start to believe the Sonics are in the process of coming back."
@WindhorstESPN shares his thoughts on the NBA being set to make first vote for expansion in Las Vegas and Seattle 🏀
This USA TODAY piece from Matt Hayes (SEC mouthpiece) is riddled with errors and sensationalism that mislead readers.
First, this isn't "private equity" or "sharks" fleecing anyone. It's a capital investment from UC Investments, a public pension fund for California state employees, not a profit-hungry PE firm. They get a 10% passive stake in Big Ten Enterprises (a new subsidiary for media and sponsorships), with no control, no board dominance, and an exit after 15 years. No "soul-selling"—just upfront cash without debt or ownership grab.
He says the Big Ten doesn't need money, which is insanely wrong. Revenue is high ($928M last year, projected $1.2-1.4B in 2025), but costs are exploding: $20-22M per school annually for athlete revenue sharing from the NCAA settlement, plus facilities, NIL, and buyouts like Penn State's $50M for Franklin. This $2.4B (averaging $135M per school) helps without borrowing.
This "wolf in the door" is so overblown. The ACC's GOR locked them into a bad ESPN deal; Big Ten's TV contract renegotiates in 2030 (sooner than any other conference), so they can chase bigger bucks. The 2046 extension stabilizes membership against super leagues, not TV terms.
Claiming Tony Petitti's "manipulating" or boards are reckless is straight gaslighting. Boards have reviewed 200+ pages of docs; Michigan and USC oppose for flexibility reasons, not because it's a "financial cliff."
This isn't reporting—it's fearmongering. This deal is structured capital for growth, not a giveaway. Readers deserve better.
A Big Ten school official on the perceived lack of transparency regarding the league's $2.4 billion financial arrangement:
“There's a piece of this that is just ridiculous. So whatever anybody thinks about the deal, the idea that there hasn't been transparency is laughable.
“There have been hundreds of hours. This has been an item on a weekly AD agenda for over a year. There have been meetings with presidents, individual meetings with institutions, with agreement to come and make multiple presentations. And those have happened at institutions where they've been requested for more detail and information, and that level of engagement directly with ADs and presidents and boards depending on what institution needed what.
"This commentary that this is a last-minute deal that hasn't had any discussion behind it is just completely a farce.”
The days are early and the data noisy, but college FB programs appear to be outspending cap-optimized NFL teams at QB and WR. How much of this reflects the unique, indirect influence of college donors -- and how soon before college programs themselves optimize?
In our inaugural Recruiting Playbook newsletter post, @l_hunt01 shares why top college football coaches value well-rounded youth training the most -- and why tackling can wait.
https://t.co/Aida1tn7Py
I'm excited to launch Echo Group Holdings (@echogrouphold), a holding company concentrating on youth and college sports. We are building in a transformative market with our seed investors including Mark Attanasio, @ElysianParkVC, @ScrumVentures, and @AlignmentGrowth.
We are creating Echo Group Holdings to build the commercial-cultural infrastructure youth and college sports needs to realize its best future. That future will activate communities, not just dopamine. It will lean into academic affiliation, open access, and generational IP.