According to a new report from sports business site Sportico, Florida State University is working with JPMorgan Chase to explore ways of raising the athletic department’s equity — including sourcing private funding.
From the site:
PE giant Sixth Street is in advanced talks to lead a possible investment, said the people, who were granted anonymity because the specifics are private. Institutional money has poured into professional sports in recent years, from the NBA and global soccer to F1 and golf, but this would break new ground by entering the multibillion-dollar world of college athletic departments.