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Michigan regents unify in opposition to Big Ten’s $2.4B capital deal
The University of Michigan Board of Regents unanimously oppose the $2.4 billion Big Ten deal that offers over $100 million per school in exchange for a 10% stake, they said.
- University of Michigan regents at a Thursday meeting said they publicly rejected the Big Ten’s $2.4 billion private capital proposal on Nov. 20, 2025, with Chair Mark Bernstein reaffirming opposition while affirming commitment to the conference.
- The proposal would create Big Ten Enterprises and sell a 10% stake to UC Investments for $2.4 billion, extending the grant of rights to 2046 and providing tiered payouts exceeding $100 million per school.
- Regents argued the proposal trades away conference equity without clear revenue projections, with Jordan Acker opposing the 10% stake and criticizing governance and Tony Petitti's leadership last week.
- UC Investments paused negotiations this week and said unity of all 18 member universities is key, while Tony Petitti, Big Ten commissioner, suggested moving forward without Michigan and USC and no vote has occurred.
- The lump-sum payout would be immediate but critics say it won’t fix structural issues as several Big Ten member athletic departments face stadium construction costs and revenue sharing with student-athletes.
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Associated Press News+20 Reposted by 20 other sources
Michigan board publicly declares opposition to proposed $2.4 billion outside investment in Big Ten
The University of Michigan governing board publicly declared its opposition on Thursday to the possibility of giving up a stake of the Big Ten in exchange for $2.4 billion in private investment.
·United States
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Coverage Details
Total News Sources28
Leaning Left11Leaning Right2Center12Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 44%
C 48%
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