Colleges will spin out athletic departments to private equity
Shaan Puri · We spent 48 hours with MrBeast + 11 Billionaires · Jan 29, 2025 · at 7:14
Shaan Puri (co-host, My First Million) discusses how billionaire investors at a recent retreat are exploring novel private equity deals in collegiate sports.
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“I think what's going to happen is again, it's uncharted territory. You don't know exactly how it's going to play out, but I think the short version is the college will spin out the program. Their athletics program is its own business entity. They'll sell equity in it. They'll use that equity to finance all of their sports, like women's lacrosse, like things that aren't going to be the big revenue generators. So they use it to fund all their programs and maybe even school stuff. And then those, and then, and the costs now are born by the private equity person.”
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