CRAWFORD | Kentucky set to spin off Athletics into new business entity

Kentucky board of trustees approves shifting university's athletics department into limited liability company

A university press release calls the move 'perhaps the first of its kind'

UK Athletics adopts new model and foundation, Champions Blue

The University of Kentucky is changing how it runs its athletics department. Friday, UK Board of Trustees approved creating a new company to manage UK Athletics with a goal to create new revenue streams."Champions Blue, LLC, to manage and coordinate the university's educational mission concerning intercollegiate athletics," Eli Capilouto said.UK's Athletics Director summed up the reason for the program's new operating structure and governance mo…

Kentucky Plans to Convert Athletic Department Into Corporate Entity

The University of Kentucky is moving forward with plans to move its athletics department under a new university corporate entity that...

CRAWFORD | Kentucky set to spin off Athletics into new business entity

LOUISVILLE, Ky. (WDRB) – If you want a glimpse of how college athletic departments may operate in the future, take a look at what the University of Kentucky board of trustees will vote on Friday.

UK Board of Trustees approves LLC to oversee athletics operations

The University of Kentucky Board of Trustees has officially approved the creation of Champions Blue, LLC, a newly formed corporate entity that will operate the university’s athletic department.  The move is designed to provide greater flexibility as college sports prepare for a new financial and legal landscape, including the potential for schools to compensate student-athletes directly, pending the approval of the NCAA v. House settlement.  App…

SEC School Moves Entire Athletic Department into an LLC

According to a report from Kernal Sports’ Jenna Lifshen, an SEC school has opted to begin the process of converting its entire athletic department into a Limited Liability Company (LLC). On Friday, the University of Kentucky Board of Trustees approved plans to convert their athletic department into “Champions Blue” LLC, allowing UK athletics to “operate as a public-private partnership.”   “This [move] gives Kentucky the ability to raise funds a…