“The agreement would potentially total up to $500 million if every school opts in. Big 12 presidents and chancellors have authorized commissioner Brett Yormark to take another step toward finalizing a credit-style deal, with a final decision expected in the coming weeks once the long-form agreements are completed. Sources told Yahoo Sports the conference would not give up any stake or equity as part of the arrangement. The proposal is structured as a three-part package. First, RedBird would provide an initial cash investment into the Big 12 conference office to help expand revenue-generating commercial operations. Second, the firms would offer an optional capital credit line of roughly $30 million per school at a reduced rate, with no requirement for schools to participate. Third, the Big 12 would enter a broader strategic business partnership with RedBird and Weatherford aimed at professionalizing the conference office, growing new revenue streams, and identifying additional investment opportunities inside and outside college athletics.” I’m wondering what “expanding revenue-generating commercial operations” looks like. I’m also not too comfortable about these lines of credit at reduced rates. Thoughts?