Last month, the Big Ten announced a private capital deal worth around $2.4 billion with UC Investments, the pension fund for the University of California system. Now as the deal is set to go to a vote for approval, member schools of the Big 10 are threatening to sue the conference in order to release... Continue Reading →
How One Congressman Wants to Clamp Down on Private Equity in College Sports
Photo Credit: https://baumgartner.house.gov/ On Monday, October 6th, Representative Michael Baumgartner (R-Wa-5) introduced a bill that would amend the Higher Education Act of 1965 to prohibit certain private-equity, sovereign wealth fund, and hedge fund agreements involving intercollegiate athletics.[1] This comes after a string of headlines within the past year and a half involving rumors of private... Continue Reading →