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Michigan Board Rejects $2.4B UC Investments Deal Amid Criticism

11/21/2025

Summary

Story summary

The University of Michigan's governing board opposes a $2.4 billion UC Investments deal that would yield a 10% Big Ten stake.
Board chair Mark Bernstein cites the Big Ten commitment amid financial challenges.
Negotiations paused after criticisms from Michigan and Southern California.
Michigan State officials raised concerns about transparency and governance.
Senator Maria Cantwell (D-WA) questioned the tax-exempt status of college sports amid private equity pursuits.

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Story summary

The University of Michigan's governing board opposes a $2.4 billion UC Investments deal that would yield a 10% Big Ten stake.
Board chair Mark Bernstein cites the Big Ten commitment amid financial challenges.
Negotiations paused after criticisms from Michigan and Southern California.
Michigan State officials raised concerns about transparency and governance.
Senator Maria Cantwell (D-WA) questioned the tax-exempt status of college sports amid private equity pursuits.