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Florida State Hopes To Get Significant Financial Help

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Florida State Hopes To Get Significant Financial Help

With pending national legal settlements, athlete revenue-sharing, conference realignment, and ever-evolving TV contracts, a school’s finances have never been a bigger topic. Florida State hopes to get significant financial help with a new multi-media rights partnership.

The school announced this week that it will be signing a new 10-year contract with MMR firm Legends. The firm specializes in premium ticket sales, sponsorships, food & beverage, merchandise, and membership clubs.

Expanding an Existing Relationship

Florida State and Legends have an existing relationship. The firm currently handles premium seating, concessions, suites, clubs, and catering for FSU Athletics. It has been working on the fundraising for renovations to Doak Campbell Stadium. According to a statement released by both parties, the new agreement will have the school and Legends working together on multimedia rights, including areas like broadcasting, licensing, and sponsorships.

Under new NCAA guidelines, schools can sell sponsorships, including corporate logos, to their fields and courts. Naming rights have also become a bigger topic in recent years.

The proposed settlement in the anti-trust House v. NCAA lawsuit calls for college athletic programs to revenue share with its athletes up to a total of $22 million per year. That elevates the competitive bar when it comes to the need for money beyond booster donations.

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New Needs For New Sources of Revenue

In an interview with Ben Portnoy of Sports Business Journal, Legends President of College Mike Behan stressed the need for colleges to raise their financial abilities to previously unseen levels. “We’re aware the stakes are so much higher right now,” he said. “Schools have to generate a heck of a lot more money. A lot of what’s historically been done, that may have worked in the past, but that’s really not what schools need going forward.”

Florida State is in a situation that is different than many other schools. In addition to the potential revenue sharing and other increases in financial responsibilities, The Seminoles are trying to exit the Atlantic Coast Conference.

The two sides are engaged in what will be a protracted and expensive legal battle over the media rights ownership for FSU home games, should the school leave the ACC. The contractual exit fee is pretty clear. It will cost Florida State approximately $140 million just to fulfill that part of the membership agreement.

However, any settlement between the two sides that ends the litigation and allows FSU to leave the conference with its media rights in hand would likely add another $350-$400 million on top of that. That’s generally the kind of money donors can come up with.

Other Options

The school has also been open about pursuing potential financial growth via partnerships with private equity firms. Generally, those firms require a seat at the management table, (the board of trustees or board of governors at a school for example), in exchange for the financial investment.

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The current relationship between Legends and FSU includes the MMR firms managing premium seating for the $260 million renovation of Doak Campbell Stadium. Legends also expects to add a 10-person staff to handle new sponsorship sales opportunities for Florida State.

Legends is also currently working with Miami, Georgia Tech, and Notre Dame.

 

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Rodriguez fires campaign manager over finance filing issues – Civic Media

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Rodriguez fires campaign manager over finance filing issues – Civic Media

MADISON, Wis. (Civic Media) – Lt. Gov. Sara Rodriguez, a Democratic candidate for governor, fired her campaign manager Sunday after discovering problems with campaign finance filings, her campaign said.

The campaign said the person was terminated effective immediately following an internal review that found “serious mismanagement and inaccuracies” in reports they prepared. Staff identified the issues late last week and alerted Rodriguez, who then moved to secure campaign accounts and remove the staffer.

The campaign said it plans to contact the Wisconsin Ethics Commission on Monday to correct the filings ahead of a key reporting deadline Wednesday.

Full statement below.

“The Sara Rodriguez for Wisconsin campaign has terminated its campaign manager, effective today, after discovering serious mismanagement and inaccuracies in campaign finance filings she prepared. An initial review found that the manager filed inaccurate and incomplete campaign finance reports. The campaign will be in contact with the Wisconsin Ethics Commission first thing Monday morning to ensure the inaccuracies are corrected. The moment Sara learned of these inaccuracies, she acted swiftly and decisively removed her. The campaign will continue to build support to win in August and beat Tom Tiffany in November.”

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Wedding budget: How to decide what to spend on your big day

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Wedding budget: How to decide what to spend on your big day

Weddings, and the amount they cost, can run the gamut from a small, DIY ceremony in the backyard to a massive bash that shuts down Madison Square Garden. Obviously, the latter may only be within reach for certain pop stars and their football-playing partners, but that still leaves a wide range for how much you and your soon-to-be spouse could potentially spend.

When making the determination, it is important to weigh two things: making your big day a special one and honoring your financial reality. Your wedding may mark the start of your next chapter, but your finances are what will largely shape your future as a married couple.

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PERSONAL FINANCE: Finance 101 — the lessons every college-bound kid should learn now

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PERSONAL FINANCE: Finance 101 — the lessons every college-bound kid should learn  now

Sending a child to college marks an important milestone for families, bringing both new opportunities and natural questions. It’s often the first time students manage money independently while balancing classes, new responsibilities and newfound freedom. This transition also creates a valuable opportunity for parents to guide and teach their children how to build strong financial habits.

While it’s easy to focus on major expenses like tuition and housing, the everyday financial behaviors students develop during this time can shape their future long after graduation. College presents an ideal environment to introduce foundational financial skills in a real-world setting where the stakes are manageable, but the lessons are meaningful. The following areas highlight key lessons parents can help reinforce as their child begins this new chapter.

Understanding cash flow matters more than ever

For many students, college marks the first time money is not simply “there” when they need it. Whether funds come from a checking account, part-time work, or family support, learning how to track income and expenses is essential. Teaching students to understand the difference between fixed costs, like rent or meal plans, and flexible spending, like entertainment or dining out, can help them avoid running short before the semester ends. A simple budget can be a helpful tool that builds awareness and confidence.

Credit is powerful

Credit cards are often heavily marketed to young adults, but few understand how credit really works. College-bound students should recognize that credit is not additional income; interest can accumulate quickly, and payment history plays a critical role. Developing habits like paying balances on time, keeping utilization measured, and regularly reviewing statements can help build strong credit rather than costly missteps. These early behaviors often shape long-term financial health.

Saving is not just for later — it supports flexibility

Students may assume saving can wait until after graduation, but even modest savings during college can serve an important purpose. Emergency expenses, unexpected travel home, or gaps between part-time income can derail finances quickly without a cushion. Understanding the value of saving, even in small amounts, helps students experience firsthand how preparation creates options and reduces stress.

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Financial decisions reflect values

College is often when young adults begin defining what matters most to them. Encouraging students to think about how they spend money, and why, can help align spending with personal priorities. Whether it means minimizing debt, prioritizing experiences, or saving for future goals, learning to make intentional choices fosters independence and accountability.

The goal is not perfection, but to equip students with practical tools and a healthy relationship with money as they enter adulthood. For parents, this means maintaining open conversations, setting realistic expectations, and providing ongoing guidance that can help build confidence in financial decision-making. For families navigating this transition, a financial advisor can provide clarity, outline long-term implications, and help balance education goals with future financial independence.

Bronwyn L. Martin is a Financial Advisor and Chartered Financial Consultant with Martin’s Financial Consulting Group, a financial wealth advisory practice of Ameriprise Financial Services LLC. in Kennett Square, Pa. and Havre de Grace, Md. She specializes in fee-based financial planning and asset management strategies and has been in practice for over 25 years. To contact her: www.ameripriseadvisors.com/bronwyn.x.martin.

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