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Michigan Regent Accuses Big Ten of Coercion
19 Nov
Summary
- Michigan regent claims commissioner threatened school over a private investment plan.
- The Big Ten disputes claims of coercion, stating the process was collaborative.
- The proposed deal involves $2.4 billion in private investment for the conference.
A significant dispute has emerged within the Big Ten Conference, with a University of Michigan regent alleging that Commissioner Tony Petitti threatened the school. Mark Bernstein, chairman of the Michigan board of regents, stated that Petitti attempted to "strong-arm" the university into supporting a plan that would facilitate $2.4 billion in private investment. Bernstein suggested this action compromises Petitti's leadership.
The Big Ten Conference has refuted these claims, issuing a statement that emphasizes a collaborative and fair process since discussions began last year. Maryland President Darryll Pines, chair of the Big Ten Council of Presidents and Chancellors, affirmed that Michigan was actively involved throughout. He noted that the conference continues to work with a consultant retained by Michigan to evaluate the transaction.
The proposed deal with UC Investments aims to create a commercial entity, Big Ten Enterprises, to generate revenue for all 18 member schools through 2046. In exchange for a 10% cut of media rights and sponsorships, each school would receive a portion of the $2.4 billion. However, some schools, like Southern California, have expressed reservations about the uneven distribution of revenue.
