📡 Pac-12 has secured $83mm loans for each school at 3.75% over 10 year period to help bridge potential budget gap due to COVID-19

[planomateo]

Pac-12 rescue operation: Coronavirus loan program would bail out athletic departments if football is canceled

The conference is preparing to finalize a loan for its cash-strapped schools that could top out at $1 billion in the event the football season is canceled because of coronavirus.

www.mercurynews.com

 

[Elderfalsedemigod]

Does this count as revenue?

 

[mando]

Might see more conferences doing this.