Texas and Oklahoma formally apply for membership of the U.S. Securities and Exchange Commission

Texas and Oklahoma took another step towards major conferences and officially applied to join Securities and Exchange Commission Letter to Commissioner Greg Sankey on Tuesday.In the letter, two people Big 12 The school noted the “mutual benefit” that this adjustment may bring.

This letter follows a statement It was stated on Monday that Texas and Oklahoma would not sign their media rights after the 2025 agreement expires.In order to comply with the current media rights agreement, Texas and Oklahoma stated in a letter to Sankey on Tuesday that schools can join Securities and Exchange Commission July 1, 2025.

“We believe that on the one hand, universities will be mutually beneficial, on the other hand Securities and Exchange Commission On the other hand, for the university to become a member Securities and Exchange Commission,” read This letter was co-authored by Texas President Jay Hazel and Oklahoma President Joseph Harrods Jr. “We look forward to discussing this matter.”

according to ESPN, Securities and Exchange Commission The President and Prime Minister will meet on Thursday to discuss the possibility of Longhorns and Sooners joining the meeting, bringing the number of teams to 16. The addition of Oklahoma and Texas may lead to more adjustments elsewhere, as other power conferences try to keep up and seem to be the first super conferences.

join in Securities and Exchange Commission, 11 of the current 14 schools must vote in favor, and the four opponents will cancel the expansion.

“although Securities and Exchange Commission We have not actively sought out new members. When our members reach a clear consensus that such actions will further enrich the experience of our student athletes and achieve greater academic and sports achievements on our campus, we will seek major changes,” Sankey says one kind statement“The President and the Prime Minister Securities and Exchange CommissionAs the CEO of the conference, these requirements will be considered in the near future. “

If Texas and Oklahoma wait until their current media rights end processing Big 12, They can avoid being punished for leaving the meeting. According to ESPN, leaving early may result in a fine of at least 75 million U.S. dollars.

If a buyout agreement is reached with the company, Longhorns and Sooners can also leave the meeting early. Big 12.

“What happened in the last few days confirmed that [Texas and Oklahoma] I have been considering and planning the transition for several months, and this formal application is the culmination of these processes.” Big 12 Commissioner Bob Bowlesby said in a statement statement“We firmly believe Big 12 It provides an excellent platform for the sports and academic success of its members.We will face the challenge head-on and have confidence Big 12 In the near and foreseeable future, it will continue to be a dynamic and successful entity. “

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