The University of Utah is closing in on a first-of-its-kind private equity deal with Otro Capital.

The deal, which could change the landscape of college athletics, is expected to bring in up to $500 million, according to a report from Yahoo Sports.

Once everything is finalized, the New York-based private equity firm will hold a minority stake in Utah Brands & Entertainment LLC. This company will oversee major revenue streams for Utah athletics.

Here are five things to know about Otro Capital.

Co-founder was the former president of an NFL team

Otro Capital co-founder and partner Alec Scheiner was the president of the NFL’s Cleveland Browns from 2013-16.

With the Browns, Scheiner helped oversee major renovations to Cleveland’s FirstEnergy Field — now known as Huntington Bank Field — du

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