Sports
Senator warns Big Ten of private equity risks
Sen. Maria Cantwell, D-Wash., sent a letter to Big Ten presidents Friday, warning that a move into private equity could have negative consequences, including impacting the schools’ tax-exempt status.
“The primary goal of these companies is to make money for the firm, which is unlikely to align with the academic goals of your university or its obligations as a not-for-profit organization,” Cantwell said.
The Big Ten has been exploring a partnership with private equity firms, with reports saying it could be looking at a $2 billion investment that would involve placing the sale of its media rights and other assets under a new entity partially owned by the equity investors.
Big Ten commissioner Tony Petitti was short on specifics at the conference’s basketball media days this week.
“Whether or not we need strategic investment to help us, we’ll determine,” he said. “It will be done by all 18 leaders. I think it’s no different than looking at the other buckets that we have to maximize resources. Just one other avenue that may or may not be available to us.”
Cantwell, the ranking member of the Senate Commerce Committee whose state has a Big Ten school, said in her letter she had been told that not all regents and trustees in the conference had been fully briefed on the deal.
“It is unclear from my conversations with these regents and trustees whether the athletic-focused Conference has fully considered the potential impact of the deal on your university and its overall educational mission,” she wrote.
Her letter comes a day after the senator spoke at a Knight Commission seminar that looked into the changes occurring in college sports, which settled a long-running lawsuit that now allows schools to pay players for their name, image and likeness.
Cantwell spoke in favor of her recently introduced SAFE Act, which proposes rewriting a 1961 law that would make it legal for conferences to pool their TV rights. She was followed at the event by Texas Tech regent chair Cody Campbell, who is a proponent of changes to the law and who blasted the Big Ten idea of looking into private equity.
“The fact that we’re bringing private equity into something that is, in my view, owned by the American public in college sports, is outlandish,” Campbell said.
Campbell estimates pooling of TV rights could bring an additional $7 billion to schools — a figure he did not back with any data and that conference commissioners disagree with.
“I have never stated — publicly or privately — that pooling media rights would increase revenue, nor do I believe that it would,” the Southeastern Conference’s Greg Sankey said.
Among the issues involved in pooling TV rights is that each conference has an assortment of deals with different expiration dates, which would make it hard to sync the deals and bring them under one umbrella.
Petitti acknowledged a private equity move for the Big Ten could create the same challenges.
“If we’re going to do something different, we’re going to respect everything we’ve set up in our current deals,” Petitti said. “There’s nothing being contemplated that would change anything in our current media relationships.”
One Michigan regent, Jordan Acker, recently posted on social media that “selling off Michigan’s precious public university assets would betray our responsibility to students and taxpayers.”
In her letter, Cantwell was blunt in outlining the stakes a private equity investment could have.
“Your university’s media revenues currently are not taxed because they are considered ‘substantially related to’ your tax-exempt purpose,” she wrote. “However, when a private, for-profit investor holds a stake in those revenues it raises questions whether the revenue loses its connection to your institution’s educational purpose.”
KARACHI: Islamabad United on Friday handed Hyderabad Kingsmen a humiliating eight-wicket defeat in the 36th match of the ongoing Pakistan Super League (PSL) 11 at the National Bank Stadium.
The victory, which marked United’s fifth in the ongoing eight-team tournament, propelled the three-time champions into the playoffs, joining leaders Peshawar Zalmi and 2021 champions Multan Sultans.
Set to chase a modest 81-run target, the United comfortably knocked the winning runs for the loss of just two wickets and 80 balls to spare.
The 2024 champions, however, had a contrasting start to the pursuit as they lost left-handed opener Devon Conway (zero) on the second delivery of the innings.
But Sameer Minhas and Mohsin Riaz batted sensibly to put United within touching distance as they put together 79 runs for the second wicket until Ali struck again, dismissing Riaz, who top-scored with 42 off just 18 deliveries, studded with six fours and two sixes.
Minhas, on the other hand, remained unbeaten with 27 off 20 deliveries, featuring three fours and a six, while skipper Shadab hit the winning runs in the same over with a boundary on the first delivery he faced.
For the Kingsmen, Mohammad Ali remained the solitary wicket-taker in the gruelling defeat with two scalps.
United captain Shadab Khan’s decision to field first paid dividends as his team’s bowling unit booked the new entrants for 80 in 15.5 overs.
Kingsmen got off to the worst possible start to their innings as Gleeson dismissed Maaz Sadaqat (zero) on the first delivery of the innings.
The right-arm pacer swept through their top order by getting rid of Marnus Labuschagne (five) and Saim Ayub (12) in his next two overs and brought the total down to 24/3.
Following Gleeson’s early blitz was backed by the experienced spin duo of captain Shadab and Imad Wasim as they dismantled Kingsmen’s middle and lower orders by taking three wickets each despite last match centurion Usman Khan’s grit.
The wicketkeeper batter waged a lone battle for the Kingsmen with an unbeaten 25 off 35 deliveries, during which he struck only one boundary.
Besides Usman and Saim, only Kusal Perera and Asif Mehmood, 12 each, could amass double figures against a ruthless United bowling attack.
For United, Gleeson, Imad and Shadab bagged three wickets each, while left-arm pacer Salman Mirza chipped in with one scalp.
Playing XIs
Hyderabad Kingsmen: Maaz Sadaqat, Marnus Labuschagne (c), Saim Ayub, Kusal Perera, Usman Khan (wk), Glenn Maxwell, Muhammad Irfan Khan, Hassan Khan, Hunain Shah, Mohammad Ali and Asif Mehmood.
Islamabad United: Devon Conway (wk), Sameer Minhas, Mark Chapman, Mohsin Riaz, Shadab Khan (c), Haider Ali, Faheem Ashraf, Chris Green, Imad Wasim, Richard Gleeson and Salman Mirza.
Secretary of State Marco Rubio said on Thursday Washington had no objections to Iranian players participating in the 2026 Fifa World Cup but he added the players will not be allowed to bring with them people with ties to Iran’s Islamic Revolutionary Guard Corps (IRGC).
“Nothing from the US has told them they can’t come,” Rubio told reporters.
President Donald Trump also said his administration “would not want to affect the athletes” in comments he made at the White House.
The 2026 soccer World Cup is set to begin on June 11 across the United States, Mexico and Canada.
Paolo Zampolli, a Trump envoy who has no official connection with the World Cup, had earlier suggested that Italy should replace Iran at the tournament.
“The problem with Iran would be not their athletes. It would be some of the other people they would want to bring with them, some of whom have ties to the IRGC. We may not be able to let them in but not the athletes themselves,” Rubio said.
“They can’t bring a bunch of IRGC terrorists into our country and pretend that they are journalists and athletic trainers,” Rubio added. Washington has designated the IRGC as a “foreign terrorist organisation.”
Currently there is no suggestion Iran will withdraw or be banned from the tournament that Italy missed out on.
After the start of the Iran war, Iran requested that Fifa move the team’s three group matches from the US to Mexico, which was rejected.
The US and Israel attacked Iran on February 28. Iran responded with its own strikes on Israel and Gulf states with US bases. US-Israeli strikes on Iran and Israeli attacks in Lebanon have killed thousands and displaced millions. A fragile ceasefire in the Iran war began over two weeks ago.
VILLARREAL:
Villarreal moved closer to securing third place in La Liga with a 1-1 draw at Real Oviedo on Thursday, while another defeat left Sevilla teetering on the brink of the relegation zone.
Nicolas Pepe’s first-half penalty looked to have been enough to send Villarreal seven points clear of Atletico Madrid, but Ilyas Chaira’s strike midway through the second period ensured the spoils were shared.
Despite the result, Villarreal moved to 62 points and boast a five-point cushion over fourth-placed Atletico, who are on a four-match losing streak in the league.
Real Oviedo, who were looking to make it three wins from three, remain bottom of La Liga, six points away from safety.
Former Arsenal winger Pepe won and converted a penalty on 13 minutes to put the visitors in front.
But Oviedo levelled in the 69th minute as Ilyas’ heavily-deflected effort left goalkeeper Arnau Tenas with no chance.
Ayoze Perez came within inches of winning it for Villarreal inside the final 10 minutes but his effort came off the bar and bounced to safety from the goal-line.
Earlier, seven-time Europa League and UEFA Cup winners Sevilla sank further into the relegation battle as they went down 2-0 at Levante.
Ivan Romero netted in the 38th minute to put the 19th-placed hosts in front, before adding a second late on to secure all three points for Levante.
Sevilla languish in 17th place, one point above Alaves in the final relegation spot.
Victory for Levante gave them hope of escaping the drop zone as they climbed to 32 points — two behind the Andalusians and safety.
Rayo Vallecano put some distance between themselves and the relegation dogfight courtesy of a 1-0 win at home to Espanyol.
Sergio Camello’s 87th-minute winner took Rayo to 38 points and 11th place, one spot ahead of the Catalans on goal difference.
On Friday, Real Madrid will look to close the gap, provisionally, to Liga leaders Barcelona when they visit Real Betis.
Alvaro Arbeloa’s charges sit nine points behind their arch-rivals and know a victory early in the weekend’s round of matches will amp up the pressure on Barcelona 24 hours after the news that star Blaugrana attacker Lamine Yamal will miss the rest of the season with a hamstring injury.
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