Weatherford Capital, the investment firm founded 10 years ago by former Florida State quarterback Drew Weatherford and two of his brothers, created national headlines this weekend when news leaked that it is teaming up with Redbird Capital to provide up to $500 million in financing to the Big 12 Conference.
The deal hasn’t been finalized, but several media outlets reported that it could be done within the next few weeks.
While many have speculated that Florida State and other university athletics departments will soon turn to private equity as a way to fund the greater financial demands of competing on the national landscape in college football, Weatherford suggested on a recent podcast interview that he does not see that happening in the near future…