University of Utah board approves private equity deal to support athletics department

SALT LAKE CITY (KSL.com) — Private equity is coming to Utah athletics. In a first-of-its kind deal, the University of Utah’s board of trustees unanimously approved a measure Tuesday to create a for-profit company in partnership with New York-based equity firm Otro Capital that could help infuse more than $500 million to the athletics department. […]
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