📡 Pac-12 Seeking $750M Investment For Schools, TV Networks

[planomateo]

 

[TerryP]

Among the details outlined in the bid book, according to sources:

• Investors are required to make a 25-year commitment.
• A minimum investment of $100M is required for individuals in an investment group.
• Investments are expected to be paid up front. The Pac-12’s book did not detail a specific rate of return. The investor would own a share of NewCo to be determined and participate in the profits as an equity investor. The expectation, sources said, is that NewCo eventually would be sold and the investor would benefit, but there are no guarantees.
• Terms of an investment could vary from one investor to another depending on the value the investor brings as a strategic partner.
• The Pac-12’s media-rights deal with ESPN and Fox Sports is worth $3B over 12 years and expires in ‘23-24. \

 

[RTB X Bot]

 

[RTB X Bot]

 

[TUSKtimes]

If given a choice of one or the other, suddenly, the thought of burying my 100 million in the backyard seems like the more prudent solution to secure long term wealth.