The Big 12 Conference is in advanced discussions with an investment firm backed by RedBird Capital and Weatherford Capital over a proposed $500m financing, according to a report by Bloomberg citing a person familiar with the matter. The deal would be structured through Collegiate Athletic Solutions and would represent the first major conference-wide capital arrangement in major US college sports.
Under the proposal, the Big 12’s 16 member universities would each gain access to a line of credit o...
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