The Big Ten's move to capture private equity capital comes amid a rapidly changing college sports landscape that favors those who can spend big for on-field talent and coaching. A recent legal ruling opened the door for athletic departments to participate in direct revenue sharing with athletes, a decision that has contributed to the financial arms race across college athletics and has private capital groups circling.“Were a deal with private equity to be approved, college sports will have become more corporate than professional sports,” said Erik Gordon, a professor at...