In a day and age where unification is exceedingly rare, the Michigan Board of Regents is in lockstep on one issue: no private equity infiltrating the Big Ten.
The board held a previously scheduled meeting on Thursday, Oct. 16 at its Flint campus and amongst a host of issues, discussed the recent idea to bring private equity funding to Big Ten athletic departments. The Big Ten is advancing in talks surrounding a 20-year partnership with UC Investments, the University of California pension system’s investment fund.
Jordan Acker, among the most outspoken members on the board, lambasted the idea that one of the most well-known and endowed conference's across the country needs an influx of capital at the expense of losing its autonomy. MORE COVERAGE: Sen. Maria Cantwell warns Big Ten pres