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flag FCS playoff teams lose money despite strong viewership, spurring a push to restructure under private equity.

flag FCS playoff teams face significant financial losses despite strong attendance and viewership, prompting conference leaders to explore a private equity-backed overhaul. flag A proposal from Sequence Equity would restructure the playoffs with FCS conferences as majority owners, injecting tens of millions to boost revenue and distribute funds to schools, similar to the Bowl Subdivision model. flag The NCAA currently manages the playoffs under a $115 million ESPN deal through 2032, requiring approval from multiple bodies to shift control. flag Recent title games drew up to 3.1 million viewers, highlighting untapped potential.

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