Private investment firms partner to potentially cash in following sweeping changes in college sports
With college sports on the verge of sweeping change that could have long-term financial implications, two private investment firms have created a platform to help athletic departments find funding. RedBird Capital and Weatherford Capital announced Wednesday the creation of Collegiate Athletic Solutions, which is trying to cash in on a college sports landscape that’s facing significant upheaval. The NCAA and its member schools are expected to vote on a proposed $2.77 billion settlement of an antitrust lawsuit this week, one that could leave schools with tighter budgets, or in some case...
Source: yahoo.com
