Private Equity Coming to Utah Utes

[swilsonsp4]

In a $500M cash-infusion deal, Otro Capital will own a large minority portion of Utah athletics, which will be spun into a separate entity from the university itself. Kentucky and a couple others have done this as well, except without the private equity portion.

We live in a new world. The Utes won't be the only program to go down this road. Brett Yormark has (at least twice) tried to talk B12 presidents/AD's into signing with a private equity firm.

Sources: University of Utah nearing landmark private equity deal expected to generate $500 million

[Lobot]

The academics are going to get their wish finally. Schools and Sports will be completely separate business entities before we're done here.

JC needs to start lining up capital resources for this trend. His dept is about to be an actual business instead of one in name only.

Also begs the questions:

if we go down this road, is JC the right CEO after the changeover?

In addition, will the University still be affiliated with the sports program as anything other than a corporate sponsor of a professional sports entity like Euro club sports teams.