a few schools have announced plans based on this conceptFind a way to have the AD corporatize and sell shares to the public so that the teams’ success can pay dividends to those who invest. Or the college can sell bonds and raise money for the program.
“the patriot pat four percents “
Howard Coach and Duke graduate Kenny Blakeney went public with his version of this - without administration approval - and was quietly shut down

Howard Basketball Coach Seeks $100M Boost in Post-NIL Era
Kenny Blakeney, Howard University's head coach, seeks a $100 million investment to secure the future of the Bison basketball program.


"Coach Howard Ventures into Private Investment in Evolving NCAA Climate" | FunderLyst
Kenny Blakeney seeks $100 million from investors for Howard men's basketball program. Get involved in transforming college athletics today!

His valuation seems a bit high based on how the program is currently run but could approach that with new and innovative leadership in the Athletic Department.