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 Policies3Have 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/8hzhr46.html
Related articles
WNBA Power Rankings: Surging Liberty overtake Aces for top spot, healthy Mystics on the rise
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceWNBA Power Rankings: Surging Liberty overtake Aces for top spot, healthy Mystics on the rise...
Read more
2024 McDonald's All
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference2024 McDonald's All-American Game: How to watch, stream Duke recruit Cooper Flagg, Kentucky signee K...
Read more
WATCH: Maryland governor suits up with Terrapins, goes through drills during fall camp practice
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceWATCH: Maryland governor suits up with Terrapins, goes through drills during fall camp practice...
Read more
Top Article
- WNBA Finals Preview: How will Aces injuries impact Game 4 odds
- Vanderbilt hires Mark Byington: James Madison coach led Dukes to 32
- Fishermen friends set back
- Minnesota QB Max Brosmer, a New Hampshire standout, hopes to become next FCS
- Angel Reese's brilliant rookie season with Sky fueled by 'relentless' desire for offensive rebounds
- The $2 million deal that rocked basketball: NBA Draft Combine abuzz over Great Osobor's NIL payday
Latest News
WNBA free agency: Former MVP Tina Charles signs with Dream in one of offseason's biggest surprises
2024 NCAA championship game predictions: UConn vs. Purdue expert picks, odds, March Madness bracket
Get discounts on dining sets, mattresses and more during the Ashley Furniture Labor Day sale
On this day in history, August 28, 1996, Prince Charles and Princess Diana officially divorce
Aces sign Tiffany Hayes in surprise move as former WNBA All
Big 12 commissioner Brett Yormark says league's coaches are in favor of NCAA Tournament expansion