City Weekly · Opinion
University of Utah moneyball gets more money.
Smart Bomb: The completely unnecessary news analysis
Don't look up their sleeve, but University of Utah Athletics—read: football—is soon to be swamped in greenbacks, as much as 500 million of them. What's the magic trick? Is it like pulling a dove out of a top hat? Presto—it's the U of U entering into a legal agreement with a private equity firm and just like that, a flood of money will come to the state-owned school.
How does it work? Hard to tell, but officially it goes like this: In a first-of-its-kind partnership, the Utes will throw in with Otro Capital to form a “for-profit company that runs the business of Utah sports.” What could…
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