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The Big 12 has voted to approve a private capital deal with RedBird Capital, Yahoo! Sports’ Ross Dellenger reported. It’s the first such agreement for a major college conference.
The five-year agreement will see an infusion of at least $12.5 million in capital to the league office, according to Yahoo! Sports. Schools can opt in to receive a capital credit line of $30 million apiece, and the conference is also building a strategic business partnership that could loom large when the next media rights contract comes around.
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News of the Big 12’s pursuit of a private capital deal with RedBird came in December 2025. Of note, the agreement would not require the conference to sell a stake or give up any equity, as was reported at the time.
This story will be updated.
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