Kenny Blakeney wants to sell stake in Howard Basketball [Video]

WASHINGTON — Howard University’s men’s basketball coach is reportedly pitching a proposal to potential investors in which a 33% stake in the program could be sold for $100 million.

“College athletics is a full-fledged business now,” Kenny Blakeney, the team’s coach, told the Washington Post.

Blakeney has met with a private equity firm and spoken with private equity investors, according to the report, which said he is eyeing upgrades to the team’s arena and roster and a possible move to a bigger conference. Howard currently plays basketball in the Mid-Eastern Athletic Conference.

The athletic department did not immediately respond to a message seeking comment Monday. The Washington Post report said Blakeney was holding off on more significant discussions with school officials until investors are lined up.

It’s not clear how realistic Blakeney’s pursuit of that kind of investment money is, but his efforts are another indication of how …