Utah state auditor says Utes’ private-equity deal has ‘significant risks.’ Here are her concerns.
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I think Utah was trying to get out ahead of other schools in the Otro Capital private equity sweepstakes, by negotiating an agreement in December. The Utah/Otro deal still has not been finalized, and in a separate, but related development, no B12 school has accepted the Redbird Capital PE offer. The Utah State Auditor’s Office has given the University of Utah perfect cover to withdraw from the Otro offer. If Utah proceeds with Otro and financially things go South, it will have political ramifications in Utah.
Be interesting to see how this plays out.
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More on the PE deal.
Utah sold its soul for private equity. The layoffs were always coming
Safer taking money from the mob