As we pointed out, there was an odd reference to a provision of the Education Code dealing typically with real estate transactions as the rationale for keeping the discussion closed.
Yours truly has now confirmed that the reference used was not a mistake. It was the correct reference, given the discussion.
But that adds to the mystery. What investment - one that apparently cannot be named for agenda purposes - is entailed?
There is, however, the item below from Yahoo Sports, which may well be what was discussed. Unfortunately, the article does not make clear exactly what the investment will entail:
From Yahoo Sports: A California pension fund may soon invest in the Big Ten Conference. An investment fund of the University of California pension system is in negotiations with the nation’s largest and perhaps most valuable collegiate athletic conference to infuse about $2.4 billion in immediate cash to its 18 schools and help create the conference’s long-discussed subsidiary, Big Ten Enterprises. Those with knowledge of the negotiations spoke to Yahoo Sports under condition of anonymity as they were not authorized to speak about the potential 20-year agreement with the UC pension system’s investment fund, better known as UC Investments — a $190 billion entity responsible for managing the system’s portfolio. UC Investments manages the endowment and retirement savings of the UC system and is independent from the universities within the system, such as UCLA and Cal.
The Big Ten’s year-long exploration into the private investment world is at its seminal moment, with a decision expected in a matter of days. Under the proposal, UC Investments will finance the potentially groundbreaking deal with the league to deliver an average of $140 million to each of the conference’s schools in up-front payments...
In what is described as a minority investment, UC Investments will provide an infusion of roughly $2.4 billion in a one-time equity distribution to the conference to own a 10% stake in Big Ten Enterprises and receive a cut of the league’s annual distribution. The $2.4 billion will be distributed to the league’s 18 schools in an uneven way, with a portion also used to create Big Ten Enterprises, a private offshoot of the league intended to better monetize the conference’s assets in this more professionalized environment of college athletics.
All schools will receive at least $100 million in up-front, one-time payments with several programs’ payouts exceeding $150 million — a massive influx in cash at a financially stressful time for athletic departments. Eight-figure bonuses to schools are also expected in fiscal year 2037, when the Big Ten’s deal with TV partner FOX is scheduled to end, likely triggering a significant media rights fees increase...
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*https://uclafacultyassociation.blogspot.com/2025/10/behind-closed-doors-this-coming.html.
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