Big Ten leaders are reportedly considering working with member schools to advance their proposed $2.4 billion capital investment over 20 years, even without Michigan and USC. According to reports, Michigan and USC are the two schools among the league’s 18 that voted against extending the conference’s rights award.
When fans found out the Big Ten was on the verge of a historic momentous deal to extend the conference’s franchise for another 10 years, they had wild reactions.
“The Big Ten is destroying college sports, first they conspire and kill the PAC-12, now they let private equity in,” one tweeted.
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“Disgusting,” added another.
“Of all the Big Ten schools, only Michigan and USC refuse to be bought out. Everyone is on board with the sale, I guess,” commented a third.
Here are some more reactions.
“Michigan and USC are bigger than the B10. Hold on,” one wrote.
“This will be the tipping point that will allow the Super League to form,” added another.
“Pre nfl Sunday news dump. We see you Big Ten,” one user tweeted.
Reports claim that Michigan and USC face a tentative deadline to change their vote, potentially until November 21. Otherwise, both schools could lose the additional capital under the historic deal and risk their future in the conference beyond 2036.
Big Ten schools would each receive $135 million in upfront payments with new capital deal
Each Big Ten school would reportedly receive an average of $135 million each in upfront payments if the conference adopted a lucrative deal with a California pension fund.
The University of California Retirement System would be a $190 billion entity charged with managing the system’s investment portfolio. As part of the deal, UC Investments would buy a 10 percent stake in the conference’s new offshoot, Big Ten Enterprises.
The Big Ten has been considering private investment for nearly a year, and it appears a deal is now close to being made.
Edited by Arnold
