"The Big Ten is in discussions about a private capital deal that would infuse at least $2 billion to the league and its schools, sources told ESPN on Wednesday. The discussions include a 10-year extension of the league's grant of rights until 2046, sources told ESPN, which would ensure long-term stability in the Big Ten. According to sources, the private capital deal and grant of rights extension have been discussed for months and presented in multiple forms."
"While there is support from nearly the entire league, according to sources, a few of the league's biggest brands -- including Ohio State and Michigan -- are still in discussions with the league. The aim is to have unanimous support before a vote, sources told ESPN. A decision either way on the private capital deal is expected in the upcoming weeks from the schools in the Big Ten, sources said, and nothing is considered imminent or certain."
The Big Ten is negotiating a private capital deal to provide at least $2 billion to the conference and its member schools. The discussions include a proposed 10-year extension of the league's grant of rights until 2046 to secure long-term stability. The plan envisions a new commercial entity, working title Big Ten Enterprises, to centralize media rights, sponsorships and league revenue streams. Nearly all league members support the concept, though Ohio State and Michigan remain in active discussions. Three private capital firms are being considered, no formal vote has occurred, and a decision is expected in the coming weeks. The need for revenue intensified after NCAA settlements led to direct athlete revenue sharing.
Read at ESPN.com
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