2 things that stand out.
1. Any proposed changes can't happen until 2031? So much changes in college football year to year. What the heck will it look like 4, 5 years from now much less 7? Any plan they propose now most likely will not look the same by the time it can be implemented.
2. If I'm a University, I'm concerned to see Private Equity involved. PI is only in it for the money. So, they fit right in here. The thing is, they seek money at the expense of those who are making it for them. Private equity firms are predatory and have a history of devouring what they acquire then just moving on to the next thing once they bleed all they can from the prior business.