Big 12 in advanced talks for deal with RedBird-backed fund
PositiveFinancial Markets

- The Big 12 Conference is in advanced negotiations for a financial partnership with a fund backed by RedBird Capital, which is expected to provide each of its 16 member universities with a line of credit of approximately $30 million. This deal is nearing finalization and represents a significant financial boost for the institutions involved.
- This development is crucial as it indicates a strengthening of financial resources for the Big 12 universities, potentially enhancing their competitive edge in collegiate athletics and academic programs, while also reflecting the growing influence of private investment in higher education funding.
— via World Pulse Now AI Editorial System
