The Pac-12 is interested in selling a 10 percent stake in the conference to private equity investors.
How it will work
The plan was introduced to the conference presidents and chancellors at their mid-November meeting and was subsequently discussed in a conference call in December.
The conference would put all of its commercial assets into a new entity called Pac-12 NewCo. An investor would then buy a 10 percent stake $500 million, which the Pac-12 would distribute to its schools. Assuming an equal division of money, every Pac-12 school would get $41.5 million.
The bottom line:
The idea of buying a percentage of future earnings in sports isn’t totally new. It’s not clear if investors would see this as a high-upside or silly idea, given how different this would be from so many other investment vehicles.
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