Big 12 considering private equity investment of up to $1 billion for as much as 20% of conference

[doublewing]

Yup, what will happen here is the PE firm will come in and leverage the conference to the tits, unveil a bunch of flashy bullshit that costs a stupid amount of money funded by said debt. PE exits at the top without lowering any of the leverage and the conference/schools are left holding the bag.