Following comments made earlier in the week by the school’s board of regents, a dispute between Michigan and the Big Ten over a capital investment proposal that would flush the league with cash but, in Michigan’s view, be detrimental to the league’s future seemed to threaten the future of the partnership.
On Thursday, the board released a statement saying, in part, it is “committed” to the Big Ten going forward.
Earlier this week, a report from the Detroit Free Press stated that Michigan could consider going independent in 2036 if the Big Ten agreed to receive private capital investment without unanimous consent. Big Ten commissioner Tony Petitti had been in discussions with a private equity firm about a multi-billion-dollar investment. Michigan opposed the move.
University of Michigan Regent Jordan Acker told the Free Press this week that U-M “would consider” leaving the Big Ten over the deal.
On Thursday, the board met to discuss the proposal and released a statement shortly after clarifying their stance.
“We remain opposed to this deal. Importantly, we are committed to the Big Ten Conference and will continue to explore opportunities that address the pressing financial challenges facing Big Ten athletic departments,” said Mark Bernstein, chair for Michigan’s Board of Regents.
The capital deal is reportedly on hold.
Michigan is one of the founding members of the Big Ten, college athletics’ oldest league. The Wolverines have been in the league since 1896, though they spent a decade as an independent from 1907-16 after being voted out.
Michigan clarifies stance on Big Ten future amid capital investment dispute Saturday Down South.
Hence then, the article about michigan clarifies stance on big ten future amid capital investment dispute was published today ( ) and is available on SATURDAY DOWN SOUTH ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Michigan clarifies stance on Big Ten future amid capital investment dispute )
Also on site :
- Hilton assisted living facility evacuated overnight due to water leak
- Quantum Computing in Financial Services Market Set to Reach USD 6.3 Billion by 2032 as Banks Move from Experimentation to Quantum Advantage .. DataM Intelligence
- Here’s how 2025 killed old-school diplomacy