Ya these guys aren't offering up this deal because it's bad for them.This hamstrings the decision process moving forward if they own part of your brand.As a few posters remarked in the comment section:
"And it’s hilarious how they are trying to limit decision-making to university presidents - the ones that likely are the least sophisticated in high finance. Why not loop in successful business savvy trustees?"
"Why would you let the decision of a few people that will only be there for a short time affect forever? By selling part of the football team, you lose that money from years 10/15 range to eternity. PE WANTS THIS CAUSE ITS A GOOD DEAL FOR THEM!"
This is absolutely accurate,too many empty suits up top that don't care about a budget just that they have a big slice of it.Not all obviously but many