Reported 10 months ago
Private investment firms RedBird Capital and Weatherford Capital have introduced Collegiate Athletic Solutions to help athletic departments secure funding amid the potential financial repercussions of a $2.77 billion antitrust lawsuit settlement facing the NCAA. CAS aims to provide capital and expertise to athletic departments in exchange for a share of future revenue, recognizing the need to adapt to the evolving collegiate athletics ecosystem and improve competitive positioning during this transformative period.
Source: YAHOO