The Pac-12 has decided against selling ownership in its media rights to a private equity firm, commissioner Larry Scott told the Hotline, but it still could take on a strategic partner.
Scott said the presidents and chancellors have ruled out an arrangement with a “pure financial institution” that would receive minority ownership in a media rights holding company and, in return, provide each campus with tens of millions in up-front cash.
However, the Pac-12 continues to examine partnerships with media or tech companies that could involve selling ownership for cash but would better position the conference for media rights negotiations in 2023-24.