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Pac-12’s $1 billion loan program draws just one taker: Colorado

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By Eben Novy-Williams, Sportico:

The Pac-12 Conference’s COVID loan program—once discussed as a nearly $1 billion facility for all 12 members to offset pandemic shortfalls—will end up as a much smaller endeavor, with just one school taking part, according to multiple people familiar with the plan.

Next one or two sentences hereColorado is borrowing roughly $18 million, its entire 2021 shortfall, to be paid back in the next seven or eight years through its annual conference distributions.

Pac-12’s $1 Billion Loan Program Draws One Taker: Colorado
Pac-12’s $1 Billion Loan Program Draws One Taker: Colorado

The Pac-12 Conference’s COVID loan program—once discussed as a nearly $1 billion facility for all 12 members to offset pandemic shortfalls—will end up as a much smaller endeavor, with just one school taking part, according to multiple people familiar with the plan. The University of Colorado is the only Pac-12 athletic department that will be […]
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