Got an extra $500 million lying around? If so, a stake in the Pac-12 could be yours. The conference is offering a 10% stake to private investors for $500 million as a part of commissioner Larry Scott's "Pac-12 NewCo" plan, according to John Canzano of The Oregonian.
"The 'Pac-12 NewCo' plan was introduced to the conference presidents and chancellors at their mid-November meeting and was subsequently discussed in a conference call in December," Canzano wrote. "Private investors would own 10 percent equity in the newly formed entity in exchange for a $500 million investment.