I'm still trying to get my head around the idea of someone "buying" a school.
Morris Brown is in a quandry. Historically, the perception has been that it is the AU school that takes the folx who can't get into the "good" ones--Morehouse, Speman, Clark. I suspect this had led to a vicious circle--perception of lower quality students who get lower quality jobs who then can't afford to give back to the school. Therefore lower quality administrators are hired leading to mismanagment.
It will take a major investment to restructure and change the school's image. And like CT4 said it will take years to do so. I hope TJ can pull it off, but I also hope he doesn't end up throwing good money after bad.