This would be awesome. Plus it kneecaps SMU.
Lol.
Seriously, though, people just keep repeating the phrase "private equity" like it's a magic incantation. Can we please be clear on what we're talking about: investors lending money at interest to fund something that will create a product valuable enough to pay off that investment plus interest while also making the borrower(s) more money than they were making before. The Big 12's product is football on TV with a side dish of basketball on TV. That is also the Big Ten and SEC's product, except theirs is worth more. If the 16 existing members of our conference playing football against FSU and Clemson will generate enough additional revenue to buy their way out of the ACC
and get them to commit to the Big 12, how much more would those same schools generate by going to the Big Ten or SEC? Obviously that figure would be higher. So why wouldn't those conferences just take FSU and Clemson to get that cash? You can say "AAU" or "they already have members in those states" all you want, but see the Big Ten's about-face on Oregon and Washington or the SEC telling Aggy to stuff it when they invited Bevo U.
The Big Ten and SEC will always take the money.
Here it is in a simple syllogism:
-- Big Ten/SEC + FSU & Clemson = more money than Big 12 + FSU & Clemson.
-- "Private equity" = money being used to make the most more money possible.
-- Therefore, if the magic private equity fairy is going to sprinkle some "get out of the ACC for very much not free" dust on FSU and Clemson to go anywhere, that somewhere will not be the Big 12.