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 Policies5Have 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/alc4r46.html
Related articles
2024 NHL trade deadline: Finding ideal matches for the biggest names, buyers on the market
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference2024 NHL trade deadline: Finding ideal matches for the biggest names, buyers on the market He...
Read more
Former Cardinals star announces retirement, will sign one
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceFormer Cardinals star announces retirement, will sign one-day contractCurt Bishop...
Read more
Cowboys legend Emmitt Smith rips team's handling of Dak Prescott, CeeDee Lamb contract negotiations
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceCowboys legend Emmitt Smith rips team's handling of Dak Prescott, CeeDee Lamb contract negotiations...
Read more
Top Article
- Sony Announces PSOne Style PlayStation 5 and PS5 Pro as Part of 30th Anniversary Collection
- The Pokémon Company Wins $15 Million Copyright Lawsuit Against Game That Copied Pokémon Characters
- Quinn Ewers injury update: Texas QB 'week
- 2024 Week 2 NFL picks, odds, best bets from advanced model: This five
- 2023 WNBA championship odds: Aces, Liberty remain heavy favorites as playoffs reach semifinals
- Ja'Whaun Bentley injury update: Positive news for New England Patriots linebacker
Latest News
A close look at A'ja Wilson's quest for the greatest scoring season in WNBA history
Shohei Ohtani pitching this year called 'reckless;' 'reeks of desperation'
LOOK: UCF to wear helmet decals designed by pediatric cancer patients against Sam Houston
Bengals unveil upgraded locker rooms after getting poor grades on NFLPA report cards
How Senators went from preseason playoff darlings to NHL's basement before the All
College football Week 1 grades: How six prominent transfer QBs fared, from 'A+' to 'D'