The Pac-12 is looking into taking on investors in an effort to provide cash distributions to its member schools, according to a report.
The Oregonian’s John Canzano reported on Saturday that the conference has been discussing a plan to add private investors. The goal is to get the conference on track with other top conferences like the Big Ten and SEC when it comes to revenue and distributions to member schools.
Canzano says the plan to take on investors “was introduced to the conference presidents and chancellors at their mid-November meeting and was subsequently discussed in a conference call in December.”
He says 10 percent of a parent company that owns the Pac-12 would cost $500 million, according to the proposal.
One extremely noteworthy aspect of the proposal is that it projects revenue from DirecTV beginning in 2020. Since its inception, Pac-12 Network has not been available on DirecTV due to a dispute with the satellite TV giant.
Fans recognize how much the Pac-12 has fallen behind other conferences and recently booed commissioner Larry Scott accordingly.
