Big12 Private Equity Deal
Summary
Big 12 RedBird deal provides $12.5m capital infusion and $30m credit lines at double-digit rates per school—liability implications for public universities unclear.
Interesting times in College Football folks.
Excerpt “The structure is three-pronged. RedBird will provide the Big 12 with a $12.5m capital infusion and support the development of new commercial revenue streams for the conference. Additionally, each of the league’s 16 member schools will have access to an individual line of credit of up to $30m, repayable over time at a double-digit interest rate. “
30 million dollar double digit interest credit facility….
Soooo, do these become liabilities for the school? How does this play out for a public university?
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Teams:
Texas
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