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Why didn’t University of Utah Athletics put its private equity deal out for bid?

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Why didn’t University of Utah Athletics put its private equity deal out for bid?


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.

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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.

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“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.

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Lawsuit claims Utah teen killed by counterfeit airbag

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Lawsuit claims Utah teen killed by counterfeit airbag


A wrongful death lawsuit filed in Utah alleges a counterfeit airbag turned a routine crash into a fatal explosion that killed a teenage driver within minutes.

Alexia De La Rosa graduated from Hunter High School in May of 2025. On July 30, 2025, she was involved in a crash.

The lawsuit alleges that when the vehicle’s driver-side airbag deployed, it detonated and sent metal and plastic shrapnel into the cabin.

MORE | Crashes

A large, jagged piece of metal struck Alexia in the chest, and she died minutes later, according to the complaint.

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The lawsuit, filed by Morgan & Morgan in Utah’s Third Judicial District Court, was brought on behalf of Tessie De La Rosa, as personal representative of the estate of her 17-year-old daughter.

The defendants are AutoSavvy Holdings Inc., AutoSavvy Dealerships LLC, and AutoSavvy Management Company LLC.

Morgan & Morgan alleges that the Hyundai Sonata had previously been declared a total loss after a 2023 crash and issued a salvage title. The suit claims AutoSavvy later purchased the vehicle and had it repaired — during which counterfeit, non-compliant, and defective airbag components were allegedly installed — before reselling it to the De La Rosa family.

The complaint further alleges that AutoSavvy knew or should have known the vehicle contained counterfeit and nonfunctional airbag components when it was sold.

“This is the third wrongful death lawsuit we have filed involving alleged counterfeit airbags that we believe turned survivable crashes into fatal incidents,” Morgan & Morgan founder John Morgan said in a statement. “No life should be cut short because a corporation puts profits above safety.”

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Attorney Andrew Parker Felix, who is leading the case, said the firm is committed to uncovering how allegedly illegal airbag inflators enter the stream of commerce and are installed in vehicles sold to consumers.

“To make this perfectly clear, these are not supposed to be in the United States at all,” Felix said. “They are not approved for use in any vehicle that’s being driven in the United States.”

“They don’t have approval from any governmental agency to be installed in vehicles that are driven within the United States and regulated here,” he added.

Morgan & Morgan says it is investigating at least three additional deaths involving other defendants and alleged counterfeit airbags.

KUTV 2News reached out to AutoSavvy multiple times by email and phone. We were told a member of the company’s legal team would be in touch, but as of publication we have not received a response.

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Why U. President Taylor Randall, Utah Gov. Spencer Cox plan to meet with Donald Trump this week

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Why U. President Taylor Randall, Utah Gov. Spencer Cox plan to meet with Donald Trump this week


Randall will be among several key visitors in attendance for a meeting on March 6

(Trent Nelson | The Salt Lake Tribune) University of Utah President Taylor Randall speaks on campus during an event on Feb. 7.

University of Utah President Taylor Randall is scheduled to meet with President Donald Trump this week.

Randall is expected to be among several attendees at a White House roundtable meeting on Friday to discuss solutions for the rapidly evolving landscape of college athletics with the president, a U. spokesperson said.

The meeting could be postponed, however, due to the war in Iran. As of Monday, “the odds of it happening this week are 50-50 at best,” according to Yahoo Sports.

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If the roundtable happens as scheduled, the guest list includes several current and former notable figures in sports, including NBA Commissioner Adam Silver, golf legend Tiger Woods and former Alabama head coach Nick Saban.

Utah Gov. Spencer Cox confirmed in a social media post on X that he would be in attendance as well.

“Thank you [President Donald Trump] for inviting me to participate, and for your commitment to addressing challenges in college sports,” Cox said on X. “[Taylor Randall] is a great university leader who will work with us on solutions for this critical issue.”

(Trent Nelson | The Salt Lake Tribune) University of Utah President Taylor Randall speaks on campus on Feb. 7.

Earlier this year, Randall was called on by the federal House Committee on Education and Workforce to schedule a briefing to discuss the school’s planned private-equity partnership with Otro Capital, according to a report from Sportico.

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The Utes announced their proposal in December of last year, which is a first-of-its-kind agreement between a university’s athletic department and a private equity company.

Utah’s deal with Otro has yet to be finalized. In a Feb. 10 interview with The Salt Lake Tribune, Randall said the university is “still just working through all of the issues systematically.”

“We want to do this in the right way to set both of us up for future success,” he added.

The move is expected to infuse hundreds of millions of dollars into the U.’s athletic department to help sustain the financial future of the program with rising deficits across the industry.

“I don’t think any of us would prefer to be in this situation right now,” Randall said in a faculty senate meeting in January. “But it just is what we’re facing.”

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Utah snowpack numbers looking dismal with not much time to catch up

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Utah snowpack numbers looking dismal with not much time to catch up


The 2025-2026 winter season isn’t quite over, but it’s no secret that it’s been a rough one when it comes to snow. Right now, statewide snowpack numbers are hovering around 60% of the median.

But you don’t have to know those numbers to understand what a strange winter it’s been.

“It’s kind of good,” said Carrie Stewart, who lives in Salt Lake City. “I mean, I like it because I like a milder climate. But I realize this summer is going to be hard.”

MORE | Snowpack

“I’m not sad I’m not shoveling,” said Sally Humphreys of Salt Lake City. “But it’s definitely worrying.”

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State water officials are also worried. The clock is ticking to bulk up those snowpack numbers.

“We’re running out of time to get the snowpack that we need,” said Jordan Clayton, supervisor of the Utah Snow Survey. “We have about 40 or so days until our typical snowpack peak.”

There is still some time to make up lost ground, but the odds aren’t great. Clayton estimates a 10% chance of reaching normal by the end of the season.

“Those are terrible odds,” he said.

In fact, the odds of having a record low snowpack are greater, sitting at 20%. It’s a grim reality that has officials looking toward the summer anxiously.

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“I would expect to see watering restrictions outdoors for a lot of places,” said Laura Haskell, Utah’s drought coordinator.

It’s unknown what the next few weeks will bring, but if Haskell had to guess, she doesn’t see state reservoirs filling up much from where they are now.

“In the spring when that runoff hits, we do get a noticeable peak in our reservoir storage,” Haskell said. “The water just starts coming in. But this year, we don’t anticipate getting that.”

Haskell says we have enough reservoir storage to likely make it through the summer, but there are other implications to worry about.

Our autumn season was pretty wet. That led to decent soil moisture levels, which can then lead to higher vegetation growth.

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“If we then have a snowpack that melts out really early, we’ll have a longer than normal summer, if you will, with forage growth that might dry out, and so that’s kind of a bad recipe for promoting fire hazard,” Clayton said.

Utahns have dealt with low snowpack levels in the past. Many Utahns are familiar with their lawn turning brown because of water restrictions.

“We’ll probably just let it go that nice, sandy, golden color that it gets in the summer in a dry climate,” said Dea Ann Kate, who lives in Cottonwood Heights.

As we wait to see what the next few weeks bring, people like Carrie Stewart are just reflecting on an unusual winter.

“It is worrying,” she said. “We need snow. We’ve only shoveled once this season, and that’s very unusual.”

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Water officials are now hoping for something else unusual: climbing out of the snowpack hole that’s been created.

“But there are no times going back where the snowpack totals for the state were close to where they are right now, and we ended up actually at a normal peak,” Clayton said. “So while it’s possible, it’s very unlikely.”

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