Lehman Brothers in College Park -- <h1>IVY LEAGUE SPORTS BOARD</h1>

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Subject: Lehman Brothers in College Park

Author:
An Observer

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Date Posted: 15:21:09 07/27/25 Sun
In reply to: sparman 's message, "Re: Things are Rosy in NIL World!" on 12:08:10 07/27/25 Sun

Lehman Brothers is an especially apt metaphor for a dysfunctional locker room.

While the firm's ultimate demise was caused by funding almost their entire balance sheet with short-term commercial paper, the company's history and reputation for internal in-fighting was legendary.

When the trading side of Lehman had a good year, they demanded the lion's share of the total bonus pool. When the investment banking side of the house had a banner season, they wanted to be paid back for all the lean winters. The two sides of the house hated each other. When Lehman faced its ultimate crisis, the dysfunctional internal culture could not respond to the demands of the moment.

What will happen to a football team when one side of the ball carries the team for a few games?

I'm not saying that the Maryland Terrapins will go bankrupt and trigger a global financial crisis.

I am saying that one of the reasons we love team sports is that we remember how great it felt to be part of a unified roster, where team goals came before individual wants. That aspect of team sports will be damaged by NIL deals and the transfer portal.

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