Pac-12 reportedly asking for $250 million more from investors than originally believed
By SDS Staff
Published:
Things looked bleak for the Pac-12 after it was reported the conference was seeking $500 million from investors to help the league’s teams moving forward — now it’s being reported the conference is seeking $750 million.
Insert “this is fine” meme.
Oregon Live was the first to report that the league was seeking $500 million from investors this offseason and now Sports Business Daily is reporting the actual figure desired by the Pac-12 if $750 million. The league plans to take the majority of that money and reinvest it into the schools, while $50 million would go into the conference’s media rights deals.
Among the details the Sports Business Daily was able to acquire regarding the league’s exploration of potential investment opportunities, investors are required to make a 25-year commitment and must give at least $100 million in investments.
The Pac-12 isn’t asking much for its failing product!
It remains to be seen how effective this strategy will be but the Pac-12 will have to likely do some restructuring itself before anyone is going to give it some money, including moving its offices from its currently costly San Francisco headquarters.
Saturday Down South reports and comments on the news around the Southeastern Conference as well as larger college football topics.
