Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter.
The discussions have been ongoing in recent months, and Sixth Street Partners has expressed interest as an investor, the person said.
The discussions with potential equity investors are not tied to FSU's potential push to leave the conference, according to the person familiar with the matter.
Sportico earlier reported that FSU was working with JPMorgan and that Sixth Street was part of the discussions.
"That effort fell apart, mainly because it was a challenge to mesh private investors with the potential media rights for public schools," said sports media consultant Lee Berke.
Persons:
Lee Berke, we're, Berke
Organizations:
Florida State University, JPMorgan, Sixth Street Partners, Atlantic Coast Conference, NCAA, FSU, Sixth, ACC, Southeastern Conference, ESPN, Media