The head of UC Investments, which is deep in discussions to purchase a minority stake in the Big Ten Conference, said Monday that any finalized deal should include the approval of all 18 schools, including the University of Michigan, arguably the conference’s biggest brand. Michigan regents have publicly stated their opposition to the proposed $2.4-billion deal. The University of Southern California has stood with Michigan in opposition.

Jagdeep Singh Bachher, chief investment officer for UC Investments, said in an open letter Monday that he recognizes some schools need additional time to assess the proposed landmark deal, seemingly signaling a pause in discussions that appeared to pick up serious steam in recent weeks as the Big Ten commissioner has pushed for a deal, with or without Mic

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