According to "accepted theory" currently 8 votes are required to dissolve the ACC conference, simple majority, 15 members (including ND who is a full voting member). On July 1, 2024 when 3 more programs are added you then have 18 and you will need 10 votes to dissolve, so it gets harder. There are so many rumors ... who knows what is actually true. One rumor is that as part of the CFP negotiations the main media players basically picked their next expansion teams and the current law suits at some point in the near future will be rendered no longer necessary.
One interpretation of that is that FOX agreed NOT to bid on the next CFP series in return for "getting " FSU and UNC, while the SEC will take Clemson and UVA. Another is that ESPN will simply announce that they aren't exercising the option to extend the media agreement past 6/27, therefore anybody wanting to leave can do so by just paying the $120M exit fee (or fight that in court), and the ACC will attempt to backfill with other programs and solicit a new media proposal from .... the market. Speculation there is all over the place ... including getting a media deal about half of the current one (since FSU, Clemson, UNC, UVA and most likely ND will be out), and then the CFP money will be decreased accordingly ... getting closer to G5 levels. THEN good luck getting any quality air time outside of regional streaming apps.
Major change is taking place, and UM needs leadership willing to step up to the plate and pay the $120M to get out of the ACC, and Mario needs to win THIS YEAR. Crazy times. Unprecedented upheaval.