Cody Campbell , a major Texas Tech booster, sold his oil and natural gas company Double Eagle to Diamondback Energy on Tuesday for approximately $4.08 billion in cash and stock. The founder of Texas Tech’s NIL collective The Matador Club , Campbell was the main financial source for the Red Raiders’ top-ranked transfer portal class this winter.
Campbell is the co-founder and CEO of Double Eagle along with John A. Sellers . Diamondback will pay roughly 6.9 million shares and $3 billion in cash. It expects the deal to close on April 1.
Working with Texas Tech head coach Joey McGuire and general manager James Blanchard , Campbell helped piece together the No. 1 portal class according to On3. The price tag came out to a reported $10 million, per ESPN…