The Deal That Exposed Big 12’s Weakness Against Big Ten

Big Ten football news just got spicy. The Big 12 ratified a private capital deal with Redbird Capital and Weatherford Capital — a $12.5M cash infusion to the league office plus an opt-in credit line of up to $30M per school that must be paid back with interest. JR breaks down exactly why this is desperation, not innovation, and how it stacks up against the Big Ten’s scrapped UC Investments equity deal that would have created shared upside instead of debt. Big Ten fans — is the Big 12’s move actually smart, or are they just delaying the inevitable in...