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Senator warns Big Ten of private equity risks

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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.”



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College football is chaotic, messy — and more popular than ever

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Amid the wild west of NIL money and transfers, college football is attracting viewership unmatched in its history.



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Patrick Mahomes says he has to be held back from pushing so hard in injury rehab, shares hopes for Week 1

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Patrick Mahomes says he has to be held back from pushing so hard in injury rehab, shares hopes for Week 1


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Patrick Mahomes said Thursday the doctors have been holding him back a bit in his rehab because he’s been pushing hard as he recovers from the knee injury he suffered late in the season.

The Kansas City Chiefs quarterback set a hopeful timeline for when he’ll be ready to go as he addressed reporters while he continues to work on getting back to full strength.

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Kansas City Chiefs quarterback Patrick Mahomes (15) throws a pass during the second half against the Los Angeles Chargers at GEHA Field at Arrowhead Stadium on Dec. 14, 2025. (Jay Biggerstaff/Imagn Images)

“First off, rehab is going great so far. I’ve been hitting all the checkpoints that the doctor wants you to do and getting the strength and the range of mobility back,” Mahomes said. “So, that’s been going great. I’ve been doing all of it here in Kansas City so far. (Assistant athletic trainer) Julie (Frymyer) has been crushing it, pushing me. The doctor kind of gives you goals to get to, and I just try to maximize those, and they hold me back because I always want to go a little bit further. It’s been going great.

“I think the long-term I want to be ready for Week 1. The doctor says that I could be, but I can’t predict what’s going to happen throughout the process but that’s my goal, so I’ll try to prepare myself to be ready to play in that Week 1 and have no restrictions. You want to be out there healthy and giving us the best chance to win. Obviously, I hope to be able to do some stuff in OTAs and get to training camp and hopefully be able to do a lot there. I’m excited for the process. It’s a long process, but I’m excited for it.”

Mahomes had 3,587 passing yards and 22 touchdowns in 14 games during the year, but Kansas City’s season was a bit unusual.

Patrick Mahomes watches games from a suite

Patrick Mahomes watches the action from a suite during the third quarter at GEHA Field at Arrowhead Stadium on Dec. 25, 2025. (Jay Biggerstaff/Imagn Images)

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The one-score games they won in 2024, which helped them to a Super Bowl appearance, turned out to be defeats in 2025. Too many dropped passes and other silly mistakes cost the team multiple times.

“I think just compounding mistakes,” Mahomes said when asked what went wrong in 2025. “You make mistakes throughout a game. For myself, I look at some of the red zone interceptions I threw in kind of bigger moments in the third and fourth quarter of games. That’s stuff that I haven’t done in the past, and so speaking for myself, just trying to be better in those moments. I think offensively we weren’t consistent enough throughout games. We had stretches in games where we played good, we had stretches in the season where we played really good.

“We’ve got to be better and that starts with me and then it kind of has to feed throughout the entire offense. So, I think like I said, guys are motivated, coaches, players, we’re all motivated to be better this next year. Like I said, it sucks watching these games. I want to be out there playing football, especially this time of year, it’s the best time of year to play football. It’ll give us the motivation, hopefully, for us to come back stronger next year.”

Patrick Mahomes walks off the field

Kansas City Chiefs quarterback Patrick Mahomes (15) lowers his head during the fourth quarter against the Houston Texans at GEHA Field at Arrowhead Stadium on Dec. 7, 2025. (Denny Medley/Imagn Images)

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The Chiefs finished 6-11 and missed the playoffs for the first time since the 2014 season.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.





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Carrick given Manchester derby baptism | The Express Tribune

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Carrick given Manchester derby baptism | The Express Tribune


Michael Carrick takes charge of Manchester United against Manchester City. Photo: AFP/File


MANCHESTER:

Michael Carrick has the chance to make a fine first impression to his short-term stint as Manchester United manager by derailing local rivals Manchester City’s Premier League title challenge on Saturday.

City, meanwhile, have the chance to cut the gap on leaders Arsenal to three points at Old Trafford, while United need the points to boost their chances of Champions League football next season.
At the other end of the table, Tottenham’s Thomas Frank and West Ham boss Nuno Espirito Santo are fighting to save their jobs as the sides clash in a London derby.

AFP Sport looks at three talking points ahead of the weekend action:

Carrick meets challenge ‘head on’

Carrick faces a baptism of fire with the Premier League’s top two the opponents for his first two matches in charge of United.
“It’s what we live for (big games) – some are more challenging than others but it’s why we are here. So we’ll go for it head on,” said Carrick.
Before a daunting trip to Arsenal next weekend, the former United and England midfielder has the chance to galvanise a season at risk of coming completely off the rails.
An FA Cup exit to Brighton last weekend followed a run of just one win in six league games for United either side of Ruben Amorim’s dismissal.

The Red Devils, however, remain well in contention for a place in next season’s Champions League, just three points adrift of fourth-placed Liverpool.
Carrick was unbeaten in a previous three-game interim spell at United after the departure of Ole Gunnar Solskjaer in 2021.
Since then he gained far more managerial experience at second-tier Middlesbrough, but was sacked in June for failing to achieve promotion to the Premier League.
“I understand the job, what it entails and the responsibility of it,” added Carrick. “Now I feel in a strong place to move forward and, hopefully, be successful here.”
 
Jobs on the line
Both Frank and Nuno have defied speculation over their futures to remain in charge for Saturday’s clash at the Tottenham Hotspur Stadium.
Spurs have won just four of their last 17 games in all competitions to slip to 14th in the Premier League and bow out of both domestic cups.
 Frank is on the brink of joining a long list of managers who have failed to make the grade in north London, including Nuno, who lasted just 17 games as Tottenham boss in 2021.
The Portuguese coach, already sacked once this season by Nottingham Forest, has managed just two wins in 16 Premier League games since joining the Hammers in September.
West Ham desperately need a quick upturn in results as they sit seven points adrift of safety in 18th place,
 
Can Arsenal fell Forest?
Top of both the Premier League and Champions League, the Gunners are on course for an unprecedented quadruple after FA and League Cup victories this week.
But Mikel Arteta’s men must overcome a poor record at the City Ground against a Forest side keen to make amends to their furious manager.
Arsenal have won in just one of their last five visits to Nottingham.
Forest were dumped out of the FA Cup by second-tier Wrexham on penalties last weekend, sparking an outburst from Sean Dyche.
“It’s unacceptable to me, but it’s unacceptable to the badge as well,” he said of his side’s first-half performance left them battling back from 2-0 down before drawing 3-3.



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