Are College Sports Programs About To Make A HUGE MISTAKE? | Miami Talent Upgrades | Syracuse Rising

Locked On ACC - Daily College Football & Basketball Podcast

Are major college sports programs about to make a costly mistake by taking on private credit? SEC Commissioner Greg Sankey warned against the dangers this week, saying, “In my experience, those involved with private equity want to be paid back, so I would caution people around the notion of short term fixes.” Schools will soon be looking for cash infusions like this since they will be on the hook for around $30 million extra per year in expenses after the House vs. NCAA settlement passes. Is the stability in revenue from ticket sales and TV money enough to ensure that these loans can easily be paid back?

Hosts Alex Donno and Kenton Gibbs talk about the possible pitfalls of taking on private credit. Gibbs notes that an SEC leader recently said that college sports doesn’t have a revenue problem, they have a spending problem. The guys take a look at how much talent the Miami Hurricanes have added through recruiting and the transfer portal. Can Mario Cristobal put everything together? The guys examine the excellent start Fran Brown is off to at Syracuse. The Orange just enjoyed their best recruiting class in decades and their best ever Transfer Portal.

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