Prohibiting certain private equity and sovereign wealth fund agreements in intercollegiate athletics.
Executive session scheduled, but no action was taken in the Senate Committee on Higher Education & Workforce Development at 1:30 PM.
Summary
The bill bars state universities, community colleges and The Evergreen State College from contracts that give private equity firms or foreign sovereign wealth funds ownership, revenue‑sharing, or control over intercollegiate sports. It allows limited fee‑for‑service, charitable, tax‑exempt bond and non‑revenue‑sharing sponsorship agreements. The goal is to keep athletic revenue and decision‑making in the public domain.
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