Facing rising costs in college sports, the University of Utah will put the future of its athletics department’s finances in the hands of a new for-profit company backed by a private equity firm. The U.’s board of trustees on Tuesday cleared the way for ...

Private equity has officially arrived in college athletics. The University of Utah is on the cusp of striking the industry’s first partnership with an equity firm in a marriage that features a nine-figure capital infusion and the creation and shared ...