Former NBA Exec Dave Checketts: Utah ‘Sold Off Their Future’ With PE Deal
Former NBA executive Dave Checketts criticized the University of Utah's private equity deal with Otro Capital, claiming it compromises the school's future. He expressed concerns about the implications of selling off athletic program assets for immediate improvements. The deal, which is still being finalized, would create a separate LLC for Utah's athletic department, marking a significant shift in college sports financing.
- ▪Dave Checketts believes the Utah-Otro Capital deal represents a sell-off of the university's future.
- ▪The deal was approved unanimously by the university board in December but is still pending final agreements.
- ▪It will create a separate LLC called Utah Brands & Entertainment, with Otro Capital holding a minority stake.
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