Well, the football program may have the power. The state and the program are strongly tied. I wouldn’t want to be the politician who goes against the Huskers.
But what power does the University have per se? I get the program is popular but how does the political power you mention become a threat? I dont see NU fighting any decision Ricketts makes. In fact, I think NU would choose to shut down before the Gov decided that. They appear to be in lock step currently.