The Big Ten Conference is in the spotlight with a contentious proposal: a $2.4 billion private equity deal with a California pension fund. The deal offers immediate funds but grants the pension fund a 10% stake and annual earnings cut for 20 years. Michigan and USC oppose it, while others welcome the financial relief. The conference may proceed without Michigan and USCs approval, potentially risking their future beyond 2036. Despite nearly $1 billion in revenue last year, the conferences budget challenges fuel the debate.The Daily News Now! - Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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