Deal would have been worth $2.4B with payouts of over $100M to each school, in exchange for UC Investments getting a 10% stake in Big Ten Enterprises.
Would have extended GOR to 2046.
Michigan and USC oppose the deal which has caused the deal to be put on hold. Michigan went so far to threaten going independent in football in 2036 when the current GOR ends if this deal were to go through. A UM regent referred to the deal as a "pay-day loan".
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Would have extended GOR to 2046.
Michigan and USC oppose the deal which has caused the deal to be put on hold. Michigan went so far to threaten going independent in football in 2036 when the current GOR ends if this deal were to go through. A UM regent referred to the deal as a "pay-day loan".
U-M, USC opposition pauses $2.4B Big Ten deal
A private capital plan that would have infused $2.4 billion into the Big Ten has been paused in the face of opposition from Michigan and USC.