A proposal to the Football Championship Subdivision (FCS) commissioners could eventually turn over management of the NCAA's Division 1 FCS playoffs to a private equity firm, Front Office Sports learned on Thursday.

Sequence Equity, a private equity firm, recently presented a plan to transfer the management of the NCAA's Division I FCS playoffs to a private entity. Under the proposal, FCS conferences would hold a majority stake in the playoffs, with the firm in a minority position providing capital in investment to boost playoff revenue.

Per Front Office Sports, the NCAA has not responded to a request for comment, nor have multiple FCS leagues. The news of the proposal was first reported by Hero Sports.

If approved, the proposal would have a similar look to the College Football Playoff,

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