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The pride, passion, and pageantry of college football lives here.

This is the Paul Pinebaum Show, Our 2 podcast.

This might be college football.

Yeah.

Good afternoon and welcome back to the second hour.

Some of the new aspects of college football, the one that has concerned many is private equity.

It has been knocking at the door for some time, and now it has arrived.

Headline in The Athletic, Story by Matt Baker and Justin Williams.

Big 12 reaches a private capital deal

to add at least 12.5 million to conference.

Optional 30 million of school.

Former Florida State quarterback is involved in the PI,

in the private equity company.

And Justin, thank you very much for joining us.

Appreciate your time.

And wow, explain.

This has been in the works for some time, but explain exactly how this works.

Yeah.

...