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The Big 12 is already going through several changes this year with the departure of Texas and Oklahoma and the additions of Arizona, Arizona State, Colorado and Utah, and it is reportedly considering "a first-of-its-kind private equity investment to ensure the league's long-term financial and competitive security."
Dennis Dodd of CBS Sports reported Thursday that the league is in talks with Luxembourg-based CVC Capital Partners regarding a potential deal that would provide $800 million to $1 billion for the Big 12 with some of the money going to the 16 conference members.