SPORTS
Billionaire Tech CEO Dives into College Football Recruiting
USAThu Jan 16 2025
Billionaire Larry Ellison, known for his massive political donations, has now turned his attention to college football. After a Supreme Court ruling allowed college athletes to profit from their name, image, and likeness (NIL), Ellison helped secure a top high school quarterback recruit for the University of Michigan. This move sent shockwaves through the college football landscape, highlighting the influence of wealthy donors in sports. Experts see similarities between politics and sports, with both driven by results and winning. Ellison's involvement comes as college sports faces a moment akin to the political landscape post-Citizens United, where donations have skyrocketed. NIL collectives, akin to super PACs, now play a significant role in recruiting. While Ellison's wealth is unprecedented in college sports, it's part of a broader trend of big money influencing athlete decisions. Regulations are expected to change, but the current model is unsustainable. Members of Congress are considering potential reforms, with both parties acknowledging the need for regulation. Despite the influx of money, success isn't guaranteed, and intangibles like team cohesion and strategy matter.
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questions
If Larry Ellison can buy a quarterback, who will he draft for his next tech project?
How might the NCAA's potential settlement impact the landscape of college sports?
Is the NCAA settlement just a smokescreen to hide deeper corruption?