CFB fans outraged as Big Ten closes $2.4 billion capital deal amid objections

Big Ten executives are reportedly planning a move with member schools to move forward with their proposed 20-year, $2.4 billion capital investment even without Michigan and USC. Michigan and USC are reportedly the two schools among 18 in the league that have voted against expanding the conference franchise.

When fans learned the Big Ten was closing in on a historic equity deal to extend the conference's franchise another ten years, they had some wild reactions.

“Big Ten single easily destroys college sports, first they conspire and kill PAC-12, now they're letting private capital in,” tweeted one.

“disgusting”, added another.

“Of all the Big Ten schools, only Michigan and USC refuse to be bought out. I guess everyone else is okay with just selling them, I guess.” commented a third.

Here are some more reactions.

“Michigan and USC are bigger than the B10. Stay strong,” one wrote.

“This will be the tipping point that will make the super league form.” added another.

“News dump before Sunday. See you Big Ten,” one user tweeted.

Reports state that Michigan and USC face a tentative deadline to change their vote, potentially as late as Nov. 21. If not, the two schools could lose the additional capital as part of the historic deal and risk their future within the conference beyond 2036.

Big Ten schools would each receive $135 million in upfront payments under a new capital deal

Each Big Ten school would reportedly receive an average of $135 million each in upfront payments if the conference adopts the lucrative deal with a California pension fund.

The University of California Pension System is a $190 billion entity responsible for managing the system's investment portfolio. As part of the deal, UC Investments would buy a 10 percent stake in the new conference arm, Big Ten Enterprises.

The Big Ten had been exploring a private investment for nearly a year, and now it appears the deal is close to being completed.