The state of Florida is taking legal action against the Atlantic Coast Conference (ACC) over a dispute involving revenue. On Tuesday, the state filed a lawsuit in Leon County Circuit Court against the ACC, alleging that the conference has not been distributing revenue fairly.
The lawsuit claims that the ACC has been using an unfair formula to distribute revenue among its member schools, which includes Florida State University. According to the lawsuit, the ACC has been using a formula that gives more money to schools with larger television audiences, while schools with smaller audiences are receiving less money.
Florida State University is one of the schools that has been receiving less money than it should be getting. The university claims that it is owed millions of dollars in revenue from the ACC and that the conference should be using a more equitable formula for distributing revenue.
The lawsuit also alleges that the ACC has been using its revenue-sharing formula to favor certain schools over others. The lawsuit claims that the conference has been using its formula to give more money to schools with larger television audiences, while smaller schools are receiving less money.
The lawsuit seeks to have the ACC change its revenue-sharing formula and to have the conference pay Florida State University the money it believes it is owed. The lawsuit also seeks damages for the university’s alleged losses.
The ACC has yet to respond to the lawsuit, but it is expected to do so in the coming days. It remains to be seen how the conference will respond to the lawsuit and whether it will agree to change its revenue-sharing formula.
This lawsuit is just the latest development in an ongoing dispute between Florida State University and the ACC. The university has been seeking a more equitable distribution of revenue from the conference for several years now, and this lawsuit could be a major step towards achieving that goal. It will be interesting to see how this dispute plays out in the coming weeks and months.
