The Big Ten Conference is gauging investment interest from private equity firms despite the league's previous opposition toward meshing risk capital and college sports, Sportico reported Thursday. The investment bank Evercore, which was previously retained by the Big Ten, fielded initial offers from private equity firms earlier this week, per the report. A Big Ten spokesperson confirmed Evercore's inquiries to Sportico but declined to provide additional details. "To better support its 18 member institutions, the conference is evaluating potential strategic partnerships in order to enhance the conference's event, sponsorship and other ancillary business endeavors," the Big Ten spokesperson told Sportico in an email.
Report: Big Ten considering private equity investors
