Private Equity Coming to Utah Utes

In a $500M cash-infusion deal, Otro Capital will own a large minority portion of Utah athletics, which will be spun into a separate entity from the university itself. Kentucky and a couple others have done this as well, except without the private equity portion.

We live in a new world. The Utes won't be the only program to go down this road. Brett Yormark has (at least twice) tried to talk B12 presidents/AD's into signing with a private equity firm.

Sources: University of Utah nearing landmark private equity deal expected to generate $500 million