SALT LAKE CITY — Browse the list of what the University of Utah is seeking bids for these days, and you’ll find it wants to buy parts for power systems and that it’s seeking someone to redevelop the old Fort Douglas military installation.

What you won’t find is requests to bid on its sports teams. Yet, on Tuesday, the campus announced it was essentially selling a stake in Ute athletics to Otro Capital — a New York City-based private equity firm.

It’s a deal worth $400 million or $500 million, according to various news outlets. Normally, when the U of U wants goods or services for anything costing as little as $10,000, it seeks bids posted to a public website.

“All this seems to be backdoor discussions without the public,” said Katherine Biele, president of the League of Women Voters of Utah.

Biele said the league was not taking a position on whether private equity should be part of college sports. Its concern is transparency — how taxpayer money is used and how the deal could impact academics.

“Any kind of information helps,” Biele said. “When you keep everything private and behind closed doors, the public has no idea. And of course that’s where people get worried and confused.”

A U of U spokesperson on Friday said a public bid was not necessary because the new company will be owned by the University of Utah Foundation, an independent nonprofit. The foundation was acting on a directive issued by the university’s board of trustees earlier this year.

“The foundation reviewed many entities,” the foundation’s CEO, David Anderson, said in a statement, “including a large number of private capital firms that have experience in sports-related investments.”

Jerry McGinn, an expert on government and the director of the Center for the Industrial Base in Washington, DC, said it’s normal for government agencies to seek bids privately rather than publicly.

“And the word in that community was likely pretty well known that Utah was looking to do something,” McGinn said.

Ben Rosa, an assistant professor of business economics at the University of Michigan, said the U of U may have sought private bids because it had good information about what its athletics are worth.

“But if they don’t,” Rosa said, “then, by not running an auction, by not requesting proposals publicly, they may have been giving up some value.”

University of Utah Foundation President David Anderson issued the following statement:

As you know, the university has been wrestling with the issues confronting our athletics programs for some time. Several months ago, university leaders, including the Board of Trustees, designated the university’s foundation to explore alternatives, potential impacts and whether a partner made sense, and if so, which one.
In consultation with trustees and university leaders, the foundation reviewed many entities, including a large number of private capital firms that have experience in sports-related investments. The foundation will oversee the partnership between Utah Brands & Entertainment and any final partner, including Otro.

SALT LAKE CITY (KUTV) — Leaders in the Utah Jewish community have prepared security measures ahead of their Festival of Lights celebration, following a deadly attack at a similar holiday event in Australia.

At least 11 people were killed, and 29 were injured after two gunmen attacked a Hanukkah celebration on a beach in Sydney. Government officials called the shooting an act of antisemitism and terrorism.

Officials with the United Jewish Federation of Utah released a statement Sunday echoing this sentiment, saying they are “heartbroken and outraged by the antisemitic terrorist attack.”

“Once again, Jews were targeted simply for being Jewish and for celebrating our traditions and our right to religious freedom. We must not ignore efforts to normalize hatred or to cloak antisemitism in political rhetoric,” the statement read.

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The Jewish community in Utah plans to gather for a Hanukkah celebration at the Capitol Sunday evening, a similar event to the one attacked in Sydney.

Officials said they are working closely with law enforcement and security partners to protect the attendees of the Festival of Lights celebration.

“Chanukah marks the Jewish people’s fight to live openly as Jews – and to bring light into dark times. That message is painfully relevant today. Those who sought to extinguish that light will not succeed,” the statement read.

The statement closed by saying the Utah Jewish community will “stand in solidarity” with communities across the world as they mourn those killed in the attack.

“We mourn the victims, pray for the recovery of the injured, and recommit ourselves to ensuring that the lights of Chanukah continue to shine,” it said.

Read the full statement below:

United Jewish Federation of Utah is heartbroken and outraged by the antisemitic terrorist attack targeting the Jewish community in Sydney, Australia, during a first night-of-Chanukah gathering. According to reports, at least eleven people were killed, with many more injured, as families came together to celebrate the Festival of Lights. As details continue to emerge, we mourn every life lost and hold the victims, the injured, and their loved ones in our hearts.

This was a deliberate act of violence against Jews gathered openly to practice their faith. It must be named clearly: this was antisemitism. Once again, Jews were targeted simply for being Jewish and for celebrating our traditions and our right to religious freedom. We must not ignore efforts to normalize hatred or to cloak antisemitism in political rhetoric.

Chanukah marks the Jewish people’s fight to live openly as Jews – and to bring light into dark times. That message is painfully relevant today. Those who sought to extinguish that light will not succeed. The Jewish people will not retreat from Jewish life in the face of hatred.

As Jewish communities in Utah prepare to gather for Chanukah, we do so with vigilance and resolve. The United Jewish Federation of Utah is in close coordination with local law enforcement and community security partners to help ensure celebrations across our state are safe and secure.

We are grateful for the support of Utah’s elected officials and civic leaders and call on leaders everywhere to speak out clearly and forcefully. This attack must be condemned for what it is: a blatant act of antisemitic terror. Words matter – and so do actions. Strong public safety commitments and an unwavering refusal to normalize antisemitism are essential.

We stand in solidarity with the Jewish community of Sydney and with Jewish communities around the world. We mourn the victims, pray for the recovery of the injured, and recommit ourselves to ensuring that the lights of Chanukah continue to shine.

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