Looks like Blackstone might be buying Jersey Mike's. I wonder how this will effect our agreement.
Jersey Mike's being acquired for$8 billion
- Thread starter RC1978
- Start date
Interesting transaction to watch. Let us see if the deal gets done.
Would Jersey Mike's boss Peter Cancro who suddenly gets billions choose to give it away? Maybe it goes to buying a pro sports club, maybe it goes to Rutgers academics or sports, perhaps it goes something else.
This one has been in the works for more than a year, as I wrote on TKR. Here is my post from August 2023 describing a conversation between Jersey Mike's boss Peter Cancro and CNBC host, Rutgers grad, and Targum editor Becky Quick.
Back in April 2024, the Wall Street Journal reported the same Blackstone buyout news.
Who at Rutgers is in Peter's ear about a donation to Rutgers? The school doesn't have an athletic director and president is moving on, so I am afraid nobody is home to grab this potential major gift.
Pete is a RU fan no doubt, I suspect something will come our way
It’s not as if he’s not worth a lot of money before a sale. Forbes has his net worth at 5.6B.
at some point.. some program us going to treat big NIL donors as if they were owners of a sports franchise. There are more rich guys wanting to own pro sports teams then there are available pro sports teams.
Rutgers should look st that angle. Have AD and coaches “work” with big money donors.. what does a Woody Johnson get from owning the Jets other than abuse and headaches.
There should be be a way ti finesse thus idea as aproduct.. an experience to sell to ultra wealthy.
