Colorado and Other Teams Decline Big 12’s $30 Million Private Capital Offer

8 minutes ago

Colorado and Other Teams Decline Big 12’s $30 Million Private Capital Offer

University of Colorado Boulder joined several other Big 12 Conference schools in declining a proposed $30 million line of credit tied to the league’s partnership with RedBird Capital and Weatherford Capital. Schools reportedly viewed the nearly 10% interest rate as too steep, despite growing financial pressure in college athletics, as universities continue evaluating how private equity could shape the future.

By Sauvik Banerjee

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