Harvard University (endowment $36-plus billion, but it’s got far more money than that if you count other assets) PLUS one of these guys:
In 1999 .. the 10 largest collegiate football programs brought in $229 million in revenue. By 2012, the same schools reported revenue of $762 million. “Profit margins had ballooned to hedge-fund levels.” … Overwhelmingly, the cash is reinvested in athletic programs. As a Texas sports official put it, “We eat what we kill.”
What an amazing school that would be… What an icon of the postmodern university… Unimaginably rich, it would hoard/eat its cash, so that little to no money would be put to academic use…
Imagine this school as a massive nubbed therapy ball stuffed with a trillion dollars. Fund managers and sundry money fetishists would be invited to squat on its nubs and bounce around …