BleedGopher
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per Oregon Live:
Want to own a piece of a major college football conference?
There may be one for sale shortly.
Pac-12 Conference leadership pitched university presidents and chancellors a strategic plan aimed at bailing out the struggling conference and helping it keep pace with its Power Five Conference peers.
The “Pac-12 NewCo” plan was introduced to the conference presidents and chancellors at their mid-November meeting and was subsequently discussed in a conference call in December, per sources. Private investors would own 10 percent equity in the newly formed entity in exchange for a $500 million investment.
A six-page document obtained by The Oregonian/OregonLive outlines the plan presented by conference commissioner Larry Scott to his bosses during the November meeting of the “Pac-12 CEO Group.”
The document outlines the conference’s current lagging media rights projections and introduces an ambitious plan that involves taking on a strategic private investor.
The Pac-12 members currently operate at a financial disadvantage to its peers. The Southeastern Conference, for example, distributed $11 million more than the Pac-12 to each of its members in the last fiscal year. The Big Ten’s new media rights deal will give each of its conference members more than $15 million in excess of what the Pac-12 will distribute to the universities it represents.
Under the “Pac-12 NewCo” plan, a cash infusion of $500 million would be available for immediate distribution to the Pac-12 members.
https://www.oregonlive.com/sports/o...loring-taking-on-private-equity-partners.html
Go Gophers!!
Want to own a piece of a major college football conference?
There may be one for sale shortly.
Pac-12 Conference leadership pitched university presidents and chancellors a strategic plan aimed at bailing out the struggling conference and helping it keep pace with its Power Five Conference peers.
The “Pac-12 NewCo” plan was introduced to the conference presidents and chancellors at their mid-November meeting and was subsequently discussed in a conference call in December, per sources. Private investors would own 10 percent equity in the newly formed entity in exchange for a $500 million investment.
A six-page document obtained by The Oregonian/OregonLive outlines the plan presented by conference commissioner Larry Scott to his bosses during the November meeting of the “Pac-12 CEO Group.”
The document outlines the conference’s current lagging media rights projections and introduces an ambitious plan that involves taking on a strategic private investor.
The Pac-12 members currently operate at a financial disadvantage to its peers. The Southeastern Conference, for example, distributed $11 million more than the Pac-12 to each of its members in the last fiscal year. The Big Ten’s new media rights deal will give each of its conference members more than $15 million in excess of what the Pac-12 will distribute to the universities it represents.
Under the “Pac-12 NewCo” plan, a cash infusion of $500 million would be available for immediate distribution to the Pac-12 members.
https://www.oregonlive.com/sports/o...loring-taking-on-private-equity-partners.html
Go Gophers!!