Big Ten Considers Private Equity Deal Amidst Transparency Concerns
TL;DR Summary
The Big Ten is close to approving a private equity deal that will create a new entity, Big Ten Enterprises, to manage media rights and sponsorships, infusing over $2 billion into league schools, with the deal extending the league's Grant of Rights through 2046 and involving the UC pension fund as a minority investor, aiming to boost financial stability and competitiveness.
- Sources: Big Ten closes in on private equity deal ESPN
- Senator cautions Big Ten presidents about private capital, urges transparency The New York Times
- Big Ten's flirtation with private equity begs an important question, is this really worth it? IndyStar
- As Big Ten ponders private capital infusion, college sports braces for impact The Seattle Times
- Report: Ohio State and Michigan have 'warmed" to idea of private capital deal, B1G could vote next week 247Sports
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