The Athletic has live coverage of the third release of the 2025 College Football Playoff Rankings.
Big Ten commissioner Tony Petitti and the Big Tenβs presidents and athletic directors spent more than a year exploring potential outside investors in hopes of raising a bonanza of cash. As of late last week, it appeared they would finally land their white whale.
Petitti was prepared to go forward on a deal by which UC Investments, a public pension plan manager, would pay the league $2.4 billion for a 10 percent cut of a new company, Big Ten Enterprises, even if two holdouts, Michigan and USC, refused to sign on.
Advertisement
But on Monday, after several weeks of public dissension within league ranks β including the chairman of Michiganβs Board of Regents calling the plan a βpayday loanβ β the investors got spooked and hit pause on the discussions for at least several months. No $130 million checks for the other 16 schools just yet.
Continue Reading on New York Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.