Michigan Blocks Big 10 Investment Deal – Holding Out for Superleague?
Source Summary
The regents of the winningest football program in Big Ten history are pushing back against a $2.4 billion, 20-year private equity deal being offered by UC Investments, the investment arm of the University of California pension system—an offer reportedly favored by all but one (USC) of the other 17 Big Ten conference members. After Big Ten commissioner Tony Petitti indicated that a deal without the two holdouts was an option, a member of Michigan’s board of regents fired back, suggesting that Michigan might exit the Big Ten at the end of its current media rights deals in 2030 and 2031. UC Investments responded with a public statement that its offer was contingent on 100% buy in from Big Ten schools.