Michael Santos and Ethan Silverman authored an article for Sports Business Journal exploring how universities and investors can leverage partnerships that bring the benefits of private capital to support collegiate athletics while protecting universities’ core missions.
The authors argue that, with thoughtfully designed governance structures, universities and investors can partner in a way that supports the long-term sustainability of college athletics. Michael and Ethan also highlight the benefits private investors can bring beyond capital, including commercial expertise, operational discipline, and access to strategic relationships.
The article proposes several potential strategies, including a governance framework that separates economic rights from the governance structure. Under this approach, investors can participate financially while decision-making authority remains permanently vested in the university and/or an independent steward responsible for protecting the university’s mission.
Read the full article.
