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FWST: TCU & Baylor aligned on Big 12’s new private equity partner & cash infusion

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TopFrog

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TCU & Baylor aligned on Big 12’s new private equity partner & cash infusion​

By Muck Angle

CT_TCUathleticdirector_06


The Big 12’s future health and stability hinge on its ability to find new partners who believe in the product and want to be affiliated with one of America’s highest-profile college athletic conferences.

There is quiet frustration growing among league members that the conference has not landed more lucrative deals to be disbursed among the Big 12 members and adding to their bottom lines.

In lieu of those types of potential deals, the league partnered with RedBird Capital to help with cash flow. Yahoo Sports reported on May 1 that the deal provides $12.5 million to the league, and includes a provision where the member schools can receive a credit line of $30 million.

TCU director of athletics Mike Buddie said the university’s athletic department has declined the offer, as has Baylor.

FWST link: https://www.star-telegram.com/sports/spt-columns-blogs/mac-engel/article315660641.html

Alternate link: https://www.newsbreak.com/fort-wort...12-s-new-private-equity-partner-cash-infusion
 
F

FroggleRock

Active Member
So it seems like every school is turning down the money. So why did the big 12 partner with this group if no one wants to participate?
 
W

Wexahu

Full Member
FroggleRock said:
So it seems like every school is turning down the money. So why did the big 12 partner with this group if no one wants to participate?
Click to expand...
I have no idea.

The private equity stuff that colleges are throwing around makes no sense to me. Private equity is expensive. Seems like it would be a terrible route to take.
 

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