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/fzpae46.html
Related articles
WNBA Power Rankings: Brittney Griner's return has Mercury's offense humming, Liberty stick at No. 1
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceWNBA Power Rankings: Brittney Griner's return has Mercury's offense humming, Liberty stick at No. 1...
Read more
Steve Spurrier saw Jim Harbaugh's destruction of Michigan coming
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceSteve Spurrier saw Jim Harbaugh's destruction of Michigan comingAndrew Hughes...
Read more
WATCH: Christian Pulisic scores as AC Milan lose 2
Big 12 considering private equity investment of up to $1 billion for as much as 20% of conferenceWATCH: Christian Pulisic scores as AC Milan lose 2-1 to newly promoted Parma in Serie A Pulis...
Read more
Top Article
- Why Caitlin Clark's roller
- 2023 WNBA championship odds: Aces, Liberty remain heavy favorites as playoffs reach semifinals
- Most points by a rookie in WNBA: Where Caitlin Clark ranks on all
- Barcelona star faces injury wait ahead of Champions League kickoff
- 2023 WNBA Finals: How Jonquel Jones used her heartache to lift Liberty to Game 3 win over Aces
- Did the Dolphins sign Colin Kaepernick? Debunking viral social
Latest News
John Calipari closing in on deal with Arkansas: Ex
Lions' Aidan Hutchinson has historic 1st quarter with 3 sacks vs. Bucs
Titans' Brian Callahan loses it on Will Levis after another bonehead decision
Heat to unveil Dwyane Wade statue outside arena in October; Rick Ross to perform during two
County Championship cricket: Pick your team of the 2024 season
DeForest Buckner injury update: Latest news on Indianapolis Colts veteran