Travis is an idiot. The BTN works on a 51/49 split between FOX and the league, and there also happens to be costs involved in running a network, like televising games, buying equipment, buying or renting buildings, paying hosts and the like. You don't just say "Every cable/satellite subscriber gave us a buck or two each, ESPN agreed to only take 15% or less of ownership and now we have $450 million."
The SEC network goes nowhere without ESPN granting some rights back to the SEC. They're not doing that without equity in the network, so they'll be pocketing half of the profit after costs, or the SEC can sit and spin until 2024. After all the costs, the BTN has been 7.9 and 7.2 million in the last two years per school. Try thinking around those numbers.
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