"As we have continued to evaluate this opportunity over the past five months, we remain convinced that the unity of the 18 Big Ten university members is key to the success of Big Ten Enterprises,"
"We also recognize that some member universities need more time to assess the benefits of their participation. UC Investments likewise requires some additional time to complete our due diligence as recent developments unfold and we continue to engage with the conference."
"remains very excited"
Trustees at Big Ten member institutions are pushing back against a proposed $2.4 billion private equity transaction to create a for‑profit Big Ten Enterprises that would control media and sponsorship rights and sell a 10% stake to an investor. The proposal would deliver an immediate cash infusion, with a minimum $100 million disbursement per member and larger shares for prominent programs, and would preserve the current 18 members through 2046. Dissent has prompted the potential investor, UC Investments, to slow the timeline and request additional time for member assessment and due diligence amid changing college athletics economics.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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