Big Ten ‘to vote’ on US$2.4bn private investment deal

College conference in talks with pension fund linked to University of California to pay schools at least US$100m each. -  Josh Sim

• UC Investments reportedly beat out Apollo Global Management and Blackstone
• Big Ten to create commercial subsidiary as part of agreement
• Conference’s college football games to be distributed by DAZN outside of the US

Yahoo Sports says the University of California pension system’s investment fund’s (UC Investments) offer of a 20-year agreement is worth an average of US$140 million in immediate cash to each of the Big Ten’s 18 schools...