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AP-National

Private investment firms partner to potentially cash in following sweeping changes in college sports

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Published 11:22 AM

TAMPA, Fla. (AP) — Two private investment firms have created a platform to help athletic departments find funding with college sports on the verge of sweeping change that could have long-term financial implications. RedBird Capital and Weatherford Capital announced the creation of Collegiate Athletic Solutions, which is trying to cash in on a college sports landscape that’s facing significant upheaval. The NCAA and its member schools are expected to vote on a proposed $2.77 billion settlement of an antitrust lawsuit this week. The settlement could leave schools with tighter budgets or financial hardships in the coming years.

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