Connect with us

Sports

The Rise of Private Equity in College Sports: A New Era Begins

Published

on


private equity

The House v. NCAA settlement and the coming $20.5 million annual athlete‑compensation requirement have forced universities to rethink their financial models. Private equity sees opportunity — and universities see survival.

The First Wave of College‑Sports PE Deals

The University of Utah’s decision to partner with private equity firm Otro Capital to create a for-profit company to manage much of its athletics revenue is prompting new questions about financial risk, donor incentives and the mission of a public university.

Under the agreement, the new entity, Utah Brands & Entertainment LLC, will operate ticketing, sponsorships, licensing, media production, hospitality and other commercial functions. The university maintains control over teams, scholarships and compliance. The school’s foundation will remain majority owner.

Utah is not the only Big 12 program engaging with private equity. While no formal deals have been completed, Kansas State, Baylor, and Iowa State are actively exploring partnership models with New York–based firms.

In the ACC, Louisville, NC State, Pitt, and Georgia Tech are evaluating how private equity could fit into their long‑term financial strategies. Basketball powers UConn and Gonzaga are also engaged in early‑stage discussions as they assess the evolving marketplace.

While individual universities are moving cautiously, the Power Four conferences are not. The Big Ten is reportedly exploring a multi‑billion‑dollar private investment deal, positioning it as the most ambitious conference in the PE arena. Big 12 Commissioner Brett Yormark has openly discussed plans to integrate private equity across multiple initiatives, and ACC Commissioner Jim Phillips appears receptive to using PE as a tool to narrow the widening financial gap with the SEC and Big Ten but they have not yet taken the plunge.

The SEC has remained publicly quiet, but given the accelerating pace of change, it is unlikely to stay on the sidelines for long.

Elevate CEO Al Guido says universities need partners “who can bring both capital and strategic expertise to the table” as they enter the revenue‑sharing era.

How PE Will Operate in College Sports

Unlike pro sports, universities cannot sell equity. Instead, PE firms are creating:

  • Revenue‑participation agreements
  • Long‑term financing tied to media rights
  • Facility‑development partnerships
  • NIL‑collective consolidation models

Quotes From Leaders

iCapital (2025): “As the global sports market heads toward $860 billion, private equity isn’t just investing in teams — it’s reshaping the game.”

Elevate Sports Ventures: “We’re helping schools navigate a new era of athlete compensation and commercial opportunity.” (from reporting on the Collegiate Investment Initiative)

The Firms Targeting College Sports

  • Velocity Capital Management
  • RedBird Capital
  • Weatherford Capital
  • Otro Capital
  • Sixth Street (via collegiate partnerships)

As we move into 2026, the pressure on athletic departments and conferences to find new, sustainable revenue streams has never been greater. Whether private equity becomes the long‑term solution is still an open question, but it is undeniably the most immediate and scalable option on the table. Universities and conferences are confronting structural financial realities that traditional fundraising, donor fatigue, and stagnant media contracts can no longer solve alone. Private equity brings what college sports now lacks: capital, strategy, and the ability to modernize at speed. For an industry entering the revenue‑sharing era with billion‑dollar obligations, PE may not be a cure‑all — but it is, at this moment, the clearest source of hope for institutions trying to compete, survive, and evolve in a radically reshaped college sports economy.





Source link

Continue Reading

Sports

AFCON: Semi Ajayi happy to be achieving his dream with Nigeria

Published

on


Semi Ajayi – Nigeria

Nigeria defender Semi Ajayi has described his involvement at the 2025 Africa Cup of Nations (AFCON) in Morocco as the realisation of a lifelong dream, as the Super Eagles continue their quest for continental glory.

The Hull City centre-back has been one of Nigeria’s most reliable performers in the tournament so far, featuring in three of the Super Eagles’ four matches.

Alongside Fulham defender Calvin Bassey, Ajayi has built a formidable partnership that has played a key role in Nigeria’s progress to the knockout stages.

Their understanding at the heart of defence was on full display in Nigeria’s emphatic 4–0 victory over Mozambique, which produced the Super Eagles’ first clean sheet of the competition.

Speaking exclusively to Sports Talk ahead of Nigeria’s quarter-final clash against Algeria, Ajayi admitted that representing the Super Eagles on Africa’s biggest stage still feels surreal.

Born in England, Ajayi grew up with dreams of becoming a professional footballer—but he never imagined reaching this level with Nigeria.

“Honestly, it’s a dream come true,” Ajayi told Sports Talk Florida. “As a young kid growing up, I never even imagined getting one cap for the Super Eagles. Now I just want to get as many as I can.”

The 31-year-old defender has become a vital figure in the squad, and AFCON 2025 marks another important chapter in his international journey.

Ajayi was also part of Nigeria’s squad at AFCON 2023, where the Super Eagles finished runners-up after losing to Cote d’Ivoire in the final.

That disappointment, however, has only strengthened his desire to go one step further this time.

Building a Rock-Solid Defence with Calvin Bassey

One of Nigeria’s biggest strengths at AFCON 2025 has been its defensive organisation, and much of that stability comes from the growing chemistry between Ajayi and Calvin Bassey.

The two centre-backs complement each other well, with Ajayi bringing positional discipline and aerial dominance, while Bassey offers aggression and ball-playing ability.

Together, they have become one of the tournament’s most effective defensive pairings.

“We are improving game by game,” Ajayi continued. “We’ve played a lot of games together, and we have a good understanding of how each other works.

“We’re always pushing each other to be better.”

Their partnership reached a new level in the dominant win over Mozambique, where Nigeria kept a clean sheet while scoring four goals.

It was indeed a performance that underlined Nigeria’s credentials as genuine AFCON title contenders.

“Today was an improvement, and we’re looking to improve again for the next game,” Ajayi added.

When asked to name the toughest opponent Nigeria have faced so far, Ajayi refused to single out one team, stressing that every match has required full focus and commitment.

“Every game gets harder and harder,” the Hull City star said. “The stakes get higher and higher. The concentration needs to be higher and higher.”

Nigeria’s next challenge comes in the form of Algeria and with a place in the semi-finals on the line, Ajayi’s defensive prowess will be crucial in deciding Nigeria’s progress as they aim for a fourth AFCON trophy.





Source link

Continue Reading

Sports

Rays leave FanDuel will work with MLB.TV

Published

on


Tampa Bay Rays pinch hiter Nick Fortes rounds the bases after hitting a solo home run against the Chicago Cubs during the ninth inning of a baseball game Saturday, Sept. 13, 2025, in Chicago. (AP Photo/Kamil Krzaczynski)

The Tampa Bay Rays have officially ended their deal with Main Street Sports, the operator of the FanDuel Sports Network regional channels. The decision follows weeks of financial turmoil, missed payments, and the collapse of Main Street’s proposed sale to DAZN.

Sports Talk Florida – More Florida Sports

The Rays were the final MLB team still aligned with Main Street. Every other club tied to the network had already opted out or prepared to leave. The Rays made their move after receiving confirmation that the DAZN deal was dead.

According to Sports Business Journal reporting summarized by MLB Trade Rumors, the DAZN negotiations “are all but extinguished.” That left the Rays with no viable long‑term broadcast partner under the Main Street umbrella.

Why the Rays Chose to Exit Now

The Rays monitored the situation closely as Main Street’s financial position deteriorated. AP and ESPN reported that nine MLB teams entered 2026 under Main Street contracts. Eight teams terminated their deals earlier this week.

The Rays waited for clarity on the DAZN sale before making their decision. Once the deal collapsed, the Rays determined that staying with Main Street was no longer sustainable.

The club also reviewed the terms DAZN proposed to teams. SBJ reported that DAZN sought a 20 percent rights‑fee reduction, deferred payments into late 2026, and a 50‑50 profit share for next season. Teams rejected those terms, causing the deal to fall apart.

With no buyer in place, the Rays chose to exit.

Manfred: “Fans Will Not Lose Games”

MLB Commissioner Rob Manfred addressed the situation in comments reported by AP and ESPN. “We will not allow fans to lose games,” Manfred said. He emphasized that MLB is prepared to “step in immediately” to protect local broadcasts.

Manfred also said MLB has “contingency plans for every affected market,” including Tampa Bay. He stressed that MLB’s priority is “stability and access for fans.”

Rays Likely Headed to MLB.TV and a Local Broadcast Partner

With Main Street collapsing, the Rays are expected to land on MLB.TV and a local over‑the‑air broadcast partner. ESPN reported that MLB has already begun discussions with local stations in multiple markets.

WUSF/AP noted that MLB used a similar model when the Padres and Diamondbacks lost their RSN partners in 2023. The league produced the broadcasts and distributed them through MLB.TV and local affiliates.

The Rays expect a similar arrangement for 2026.

Could the Rays Return to Main Street? Unlikely

Main Street has told teams that Fubo entered late‑stage talks to buy the company. However, ESPN reported that industry sources “do not believe Fubo is a credible bidder.”

AP described the situation as “chaotic and deteriorating by the hour.” The Rays view a return to Main Street as highly unlikely.

Rays Move Forward With MLB Support

The Rays now join the other eight MLB teams that have left Main Street. MLB will guide the club through the transition and ensure fans continue to receive every game.

As Manfred told AP: “Fans will see their games. That is our commitment.”





Source link

Continue Reading

Sports

Let ’em Run heads back to Gulfstream Park

Published

on


Gulfstream Park

Let ’em Run – Late P5 Preview at Gulfstream Park, Sponsored by BRISnet

Well let’s ride again here at Gulfstream Park, where it is sure to be fast and firm, and we will take a look at the runners in the late P5. Interesting to point out right off the bat, trainer Saffie Joseph Jr. has 4 horses running, but has given only one mount to his “go to” guy, Edgar Zayas Jr., and it is also his ONLY mount of the day (Race 11) hmmmm…

Gulfstream Park Race 7 – 3:20 EST | 5 ½ Furlongs | Synthetic | CLM25K

A synthetic sprint race, with a smallish field of 7, but a tough race to figure out. Going to go with one of several invaders from Woodbine, #3 Moon Landing 6-1. Jockey Tyler Gaffalione is in the saddle, and trainer Martin Drexler is overdue to hit the winners circle (5-0-2-2). A clean break would seal the deal. The #5 Catch a Tiger 8-1 could make some noise right out of the gate if runner takes to synthetic after a number of turf attempts. Jockey Micah Husbands adds to the appeal as does trainer Steve Owens record, off this kind of layoff (30%). Also has the highest last race speed rating per Brisnet, which adds to the appeal.

Race 8 – 3:50 EST | 1 1/16 Mile | Dirt | MSW 84K

This is a LOADED MSW race with only one 1st time starter. The #7 Cruisin Crossbay 10-1, did not do much 1st time out, but working out super for the return. Jockey Micah Husbands and trainer Saffie Joseph Jr. team up for a lot of wins. Trainer Joseph boasts a 35% sprint to route on dirt, for the 2nd start of a runner… gotta like that stat. Taking a look at #2 Lennie G 20-1 for trainer Dale Romans, who is heating up here at Gulfstream. An interesting stat when going from Maiden Claiming to MSW is a 26% strike rate for Romans. Not that a 100K Maiden Claiming at Churchill is your average claiming event.

Race 9 – 4:20 EST | 5 Furlongs | Turf | OC62K

Would like to see some scratches help the #8 Vindicate Cha Cha 8-1 get a little closer to the rail for the quick run into the 1st turn in this turf sprint. Jockey change to Javier Castellano is a plus. Runner can put up some serious fractions, but hoping here that some maturity in her 5 y.o. campaign allows Castellano to dole out the speed a little better. Either way, she will be prominent on the front end from the start. #4 Greenfield Cougar 4-1 is a runner who would benefit if there are crazy early splits put up. If jockey Joe Bravo gets her out of the gate cleanly, could set up for a big closing kick in the stretch.

Race 10 – 4:50 EST | 1 1/16 | Dirt | The Sunshine Classic 75K

First of two stakes races to close out Saturdays’ card, with a small field of six, headed by #6 Neoequos 3-1, who has been keeping serious company since running in the Kentucky Derby back in May. Could see a lonely lead out front for this runner, and workouts for return say that is a real possibility. The Brisnet #1 Prime Power at +7 points adds to the appeal, but what will likely be a very short price. The #5 Lightning Tones 5-2, will be coming hard down the lane, and race 3 back would fit nicely here. Change to jockey Jose Morelos is a plus in a route race.

Race 11 – 5:20 EST | 1 Mile | Turf | The Sunshine Filly and Mare Turf 75K

The ultra consistent runner #7 Ashima 3-1, is posed for a big run as defending champ. Third off a layoff, and trainer Salvatore Santoro has her ready to fire. Versatile sort, will give jockey Javier Castellano options. Trainer Santoro has some serious stats to back up top pick. So….this is Edgar Zayas only mount of the day, on a runner with the least racing experience in the field, the #5 Sapphire Girl 15-1, for trainer Saffie Joseph Jr. Last time out was 1st time on turf, and looked super breaking maiden, but stepping up here first time with winners. Got some time off after that victory, but is working out without missing a beat.

Late Pick 5 Ticket (before scratches)

P5 Ticket (before scratches) 2,3,5,7 / 1,2,7,9 / 4,8 / 6 / 1,3,5,6,7,11 = $96

Programming Note and Sign-Off

Welcome to our new show sponsor, BRISnet.com.

So tune in Friday at 3PM with special guest John O’Hara, Managing Partner of Four Leaf Clover Stable, LLC. Host John Kostin will have a lively Q. and A., with some new perspectives on the state of thoroughbred horseracing. Then check out Podcast on Saturday at 12:30 where we break down the Late P5 at Gulfstream Park.

So catch us on multiple streaming apps, and social channels. So bet smart, cheer hard, fast horses equal serious fun, until next time…Let’em Run.

Oh yeah…GO PANTHERS !!!





Source link

Continue Reading

Trending

Copyright © Miami Select.