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Private Equity Firm Eyes Control of FCS Playoffs

9/27/2025

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Summary

Story summary

Sequence Equity proposes transferring management of National Collegiate Athletic Association (NCAA) Division I FCS playoffs to a private equity firm, with FCS conferences owning a majority stake.
The NCAA has not commented; the plan could mirror College Football Playoff model.
Currently, FCS schools miss significant media rights revenue as the NCAA owns postseason rights; ESPN pays about $115 million annually.

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Story summary

Sequence Equity proposes transferring management of National Collegiate Athletic Association (NCAA) Division I FCS playoffs to a private equity firm, with FCS conferences owning a majority stake.
The NCAA has not commented; the plan could mirror College Football Playoff model.
Currently, FCS schools miss significant media rights revenue as the NCAA owns postseason rights; ESPN pays about $115 million annually.