Protecting College Sports from Private Equity and Foreign Influence
New regulations aim to protect college sports from control and profit extraction by private investment funds and sovereign wealth funds. This means universities must manage their athletic programs to benefit students and the public, rather than private interests. The changes ensure that taxpayer money and student fees are used for educational purposes, not to enrich external companies.
Key points
Prohibits agreements that transfer ownership, revenue shares, or control over college athletic programs to private capital firms or sovereign wealth funds.
Universities will be barred from entering agreements that grant external firms decision-making power over budgets, hiring, scheduling, or athletic branding.
Existing non-compliant agreements must be brought into compliance or terminated within 24 months.
Annual certifications and public disclosure of agreements relying on exceptions will be required.
Introduced
Citizen Poll