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.”
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.
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Cameras showed former New York Giants co-owner Steve Tisch in the team’s draft room Thursday night during the first round.
At one point, Tisch was seen standing near Giants head coach John Harbaugh. Despite no longer holding a majority stake in the NFL franchise, Tisch remains the Giants’ chairman of the board.
ESPN obtained an NFL memo last month detailing plans by Steve Tisch and his siblings to transfer their stake in the Giants to trusts for their children.
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New York Giants co-owner Steve Tisch warms up before the NFL game between the Washington Redskins and New York Giants at Met Life Stadium in East Rutherford, N.J., on Oct. 28, 2018. (Rich Graessle/Icon Sportswire)
“Prior transfers to these Trusts were completed pursuant to 2023 and 2024 Finance Committee approvals,” the memo stated. “The Sellers now propose to transfer their entire remaining interests, totaling 23.1% of the Club, to the Trusts. … Following the transactions, the Sellers will no longer own any interest in the Club.”
It was not clear if the transfer requests were in any way related to Tisch’s name appearing in the Epstein files released by the U.S. Justice Department in January. Tisch’s name came up more than 400 times in the files. Tisch at the time said he knew Epstein but denied visiting Epstein’s island.
As for draft night, the Giants made what some viewed as an unconventional pick at No. 10, selecting offensive lineman Francis Mauigoa.
Francis Mauigoa of Miami celebrates after being selected as the tenth overall pick by the New York Giants during the first round of the 2026 NFL Draft at Acrisure Stadium in Pittsburgh, Pa., on April 23, 2026. (Emilee Chinn/Getty Images)
Before that, the Giants added another piece to their pass rush, selecting hybrid edge/off-ball linebacker Arvell Reese at No. 5.
Reese earned All-American honors at Ohio State and finished his first season as a full-time starter with 6.5 sacks.
Arvell Reese of Ohio State celebrates after being selected as the fifth overall pick by the New York Giants during the first round of the 2026 NFL Draft at Acrisure Stadium in Pittsburgh, Pa., on April 23, 2026. (Emilee Chinn/Getty Images)
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Reese is set to join a pass rush that includes Brian Burns, Abdul Carter and, likely, Kayvon Thibodeaux.
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One of the most intriguing stories entering the first round of the NFL Draft was where Alabama quarterback Ty Simpson might land. Well, fans got their answer sooner than they expected.
The Los Angeles Rams surprisingly selected Simpson with the No. 13 pick in the 2026 NFL Draft.
The selection isn’t completely out of left field and is arguably the best-case scenario for Simpson. The Rams have Matthew Stafford as their starter for 2026, but Stafford has flirted with the idea of retirement each of the past two offseasons. It’s clear the clock is ticking on his NFL career.
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The Los Angeles Rams pulled a stunner and drafted Alababam QB Ty Simpson with the No. 13 pick in the NFL Draft. (CFP/Getty Images)
Now, Simpson gets to sit behind one of the NFL’s best veteran quarterbacks, learn the position while adapting to life in the NFL, and not face immediate pressure to succeed. Additionally, the Rams are one of the most well-run franchises in the league right now. Sean McVay is an elite head coach who led the team to a Super Bowl victory to cap the 2021 season and just had the team within one win of another Super Bowl berth before falling to the Seattle Seahawks in the NFC Championship.
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The most surprising aspect is the Rams looking toward the future, quite frankly. This is a team that has had no problem trading away first-round picks to make its team the best it can be each season. It seemed most likely the team would use the No. 13 pick to improve its team for next season, which could be Stafford’s last. Instead, the team decided to put itself in position for Stafford’s retirement without skipping a beat.
Los Angeles Rams QB Matthew Stafford, now 38-years-old, has flirted with retirement after each of the past two seasons. (Kevin Sabitus/Getty Images)
There were several surprises in the first 13 picks of the 2026 NFL Draft: the Cardinals taking Notre Dame running back Jeremiyah Love at No. 3, the Titans selecting Ohio State wide receiver Carnell Tate at No. 4, the Kansas City Chiefs trading up to take LSU cornerback Mansoor Delane at No. 6 and even the Cowboys trading up one spot to make sure they drafted Ohio State safety Caleb Downs at No. 11.
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But the Rams completely abandoning their recent strategy (usually trading away first-round picks and loading up for now) to select Stafford’s heir apparent is easily the biggest early shock of the 2026 NFL Draft.
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