FLINT, Mich. — A unified University of Michigan Board of Regents could jeopardize the Big Ten’s pursuit of a $2.4 billion private equity deal that would flood the league’s 18 members with an influx of funding.

Michigan held a previously scheduled meeting at the Riverfront Center at the University of Michigan-Flint on Thursday. It was presided over by interim president Domenico Grasso, the former chancellor of the University of Michigan-Dearborn, as the university continues its search to find a new president.

The Big Ten is in negotiations regarding a 20-year partnership with the University of California pension system’s investment fund, UC Investments. The private equity fund would pay the conference $2.4 billion up front with payments to the 18 league members that would average $100 mil

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