In Reply to: I think this story has been debunked posted by ClockBlocker on June 10, 2025 at 11:18:47
I read a few different articles on this yesterday, which I think is the same article, but just presented a little different. There was something that stood out in that Elevate did say they have two programs that they have lined up for private equity (I think was the term) that they expected to announce possibly next week who they are. It does make you wonder if UCLA and Penn St are denying any private equity involvement in case Congress intervenes or the legal decision isn’t upheld or other reasons? I don’t think that’s likely based on both AD’s comments, but who really knows anymore.
Regardless, does look like UCLA did receive a pretty substantial amount of money and hopefully these strategies really pan out.
I just have a big issue with media reporting in this social media world we created because it’s who gets a story out first regardless of any facts and no consequences if any is wrong.