Big 12 eyeing private equity investment of up to $1B for up to 20% of league

June 13, 2024

By Dennis Dodd, CBS Sports: Big 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.

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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

CBSSports.com

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