"Florida State University Enlists JPMorgan to Seek Investors"

Florida State University is reportedly working with JPMorgan to explore options for funding from institutional investors, with Sixth Street Partners expressing interest. While it is unclear if the funding would be for the athletic department or other parts of the university, FSU's president mentioned the possibility of leaving the Atlantic Coast Conference if the conference's revenue distribution model doesn't change. The discussions with potential equity investors are separate from FSU's potential conference exit. Public universities typically don't take funding from institutional investors, and challenges may arise in meshing private investment with public school media rights. The ACC's revenue distribution model has changed to reward success in football and basketball, prompting FSU to push for a change that rewards higher TV revenue.