Big Ten Conference Moves Forward with Controversial Financial ProposalThe Big Ten conference is pushing ahead with a contentious financial plan, a twenty-year, two point four billion dollar deal with a California pension fund, despite not having full support from all member schools. This proposal also seeks to extend the conferences grant of rights for an additional ten years. The decision has created a divide within the league, with Michigan and USC opposing the measure. The league has given these schools an ultimatum: support the deal or risk losing out on additional capital. The proposed deal involves UC Investments buying a ten percent stake in the league for two point four billion dollars, providing an average of one hundred thirty-five million dollars to each school. However, some board members and administrators at USC and Michigan are pushing back, expressing concerns about the process and the lack of board member oversight.The Daily News Now! - Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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