University of Utah approves private equity plan for athletics. Here’s what it means for the Utes. Posted Dec 13, 2025 Facing rising costs in college sports, the University of Utah will put the future of its athletics department’s finances in the hands of a new for-profit company backed by a private equity firm. The U.’s board of trustees Tuesday cleared the way for the deal involving New York private equity firm Otro Capital. It's a first-of-its-kind plan for a college athletics department. (Salt Lake Tribune)