By AuEben Novy-Williams, Kurt Badenhausen, Scott Soshnick, Sportico: Florida State University is working with JPMorgan Chase to explore how the school’s athletic department could raise capital from institutional funds, such as private equity, according to multiple people familiar with the plans.
PE giant Sixth Street is in advanced talks to lead a possible investment, said the people, who were granted anonymity because the specifics are private. Institutional money has poured into professional sports in recent years, from the NBA and global soccer to F1 and golf, but this would break new ground by entering the multibillion-dollar world of college athletic departments.
Read the full story…
Sportico.com Looking for more SuperWest team news? Find it at our Team News Feed
—More from News Feed—
- ASU quarterback Trenton Bourguet plans to return for final year
- BSU’s Spencer Danielson first interim coach in FBS history to win conf title
- 4-star quarterback Michael Van Buren decommits from Oregon
- Jake Dickert says Cameron Ward’s departure ‘not a shock or surprise’
- Pat Chun says next big step is securing media rights deal for WSU and OSU
- Former UCLA coach John Wooden to be honored with commemorative U.S. stamp
- Bo Nix remains undecided on playing in future bowl game with Ducks
- Former UNLV head coach Marcus Arroyo a serious candidate for ASU OC position
- Former Arizona commit Quimari Shemwell flips his pledge to Utah
- Washington staves off Oregon comeback to win Pac-12 and secure playoff spot
- Former USC, Rice quarterback J.T. Daniels medically retiring from football
- USC poaches UCLA defensive coordinator D’Anton Lynn for same position
- 4-star WR Gatlin Bair, Oregon target, decommits from Boise State
- Nevada fires head football coach Ken Wilson after two seasons
- Oregon State, Washington State to face MWC teams in 2024 scheduling deal
- ASU quarterback Trenton Bourguet plans to return for final year - December 2, 2023
- BSU’s Spencer Danielson first interim coach in FBS history to win conf title - December 2, 2023
- 4-star quarterback Michael Van Buren decommits from Oregon - December 2, 2023