22 December 2023
3489
1 min.
6
Gridiron Revolution
Florida State University (FSU) is actively pursuing its plan to exit the ACC, a decision motivated by the need for greater flexibility in the rapidly evolving landscape of college sports.
FSU's motivation, as expressed by President Richard McCollough and Athletic Director Michael Alford, is rooted in the necessity to enhance competitiveness nationally, especially in football. The urgency was underscored during a board meeting where Alford emphasized the need for substantial change.
Timeline of Actions
- August '22: McCollough's aggressive stance.
- February: Alford's call for change.
- August '24: Deadline passed, necessitating a delay until summer 2025.
Reasons for Departure
FSU aims to escape the impending revenue gap between the SEC and Big Ten versus other conferences, emphasizing a desire to align with more lucrative entities to secure financial stability.
Legal Action Discussion
- FSU's potential legal strategy, including seeking a declaratory judgment to void the grant of rights.
- The ACC's potential response, filing for a declarative judgment to enforce the grant of rights.
Financial Considerations
- Uncertainty around the cost of leaving the league, including the exit fee and potential legal expenses.
- The possibility of private equity involvement in funding a settlement.
Future Plans and Uncertainties
- FSU's stance on independence and the SEC's unwillingness to finance legal battles.
- The ambiguity surrounding FSU's potential destination and the likelihood of other schools following a similar path.
Persons2 and Companies4 in the news
Section:
Source foto:
Related news
30
59
474
904
Last news
725
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director