Present position:Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference >>Text
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference
Credit Card Protection Policies31117Have read
About Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference ...
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference
The proposed deal with a Luxembourg-based firm would bring a massive influx of cash to the league
By Dennis Dodd • 5 min readBig 12 members are considering a first-of-its kind private equity investment to ensure the league's long-term financial and competitive security, multiple sources tell CBS Sports.
On the table is a possible cash infusion of $800 million to $1 billion from Luxembourg-based CVC Capital Partners in exchange for a 15% to 20% stake in the league, those sources said. A portion of the money would go directly to the 16 conference members, and the partnership would give the conference access to CVC's investment services and clients.
CVC is a global private equity giant that manages over $200 billion in investments worldwide, according to its website. The firm made a presentation to the league at the recent Big 12 spring meetings in Dallas.
While one source described the talks as "pretty serious," many league presidents need further convincing. Persons who spoke with CBS Sports preferred to remain anonymous due to the sensitive nature of the discussions.
Tags:
Reprinted :Welcome friends to share to the network, but please explain the source of the article“Credit Card Protection Policies”。http://aqntz.feilaokan.com/172qp46.html
Related articles
Another Saudi signing? Cristiano Ronaldo pushing Al
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceAnother Saudi signing? Cristiano Ronaldo pushing Al-Nassr to lure Man City player with $1 million-a-...
Read more
Who’s faster? Cristiano Ronaldo vs. Lionel Messi in a 100m showdown
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceWho’s faster? Cristiano Ronaldo vs. Lionel Messi in a 100m showdownVishal Bhawani...
Read more
Denver Broncos have to be close to out of patience with former third
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceDenver Broncos have to be close to out of patience with former third-round pickTravis Wakeman...
Read more
Top Article
- WNBA free agency: Former MVP Tina Charles signs with Dream in one of offseason's biggest surprises
- WATCH: Christian Pulisic scores as AC Milan lose 2
- With $172 million star struggling, Phillies might make ‘extreme’ playoff correction
- Nacional soccer player Juan Izquierdo dies at age 27, five days after collapsing on field
- WNBA may increase schedule to 44 games in 2025, league commissioner Cathy Engelbert says
- Bayern Munich admit concern over Jamal Musiala renewal amid Man City links
Latest News
WNBA free agency: Storm sign former MVP Nneka Ogwumike in latest move of stellar offseason
NHL trade grades: Golden Knights swing for the fences with Noah Hanifin acquisition
Vinicius Jr losing support at Real Madrid? Concerns over focus and behaviour
Soccer legend Alex Morgan retires and says goodbye to the NWSL, the league she helped build
Minecraft Dropping PlayStation VR Support Next Year
NHL trade grades: Golden Knights swing for the fences with Noah Hanifin acquisition