The University of Michigan’s board of regents continue to remain in lockstep when it comes to the Big Ten’s $2.4 billion capital investment proposal.

During a previously scheduled meeting Thursday in Ann Arbor, chair Mark Bernstein read a prepared statement on behalf of the eight-member board, reiterating the group’s opposition to the deal on the table from UC Investments, the public pension fund for the University of California school system. In exchange for an immediate cash infusion, tiered amounts exceeding $100 million per school, UC Investments would receive a 10 percent stake in the conference for 20 years.

“The University of Michigan board of regents met today to discuss the current Big Ten Enterprises proposal,” Bernstein said. “We remain opposed to this deal. Importantly, we re

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