Whatever happened to LSU's big announcement awhile back?

Remember when they did the big booster meeting and it sounded like LSU was going to PE? People surrounding program said it's not PE yet I see media reporting it's PE. Are they guessing?

Unless I missed something I haven't seen any announcement on this. Are they letting it cooldown with SEC before this is announced? I'll bet some of this ire is exactly that with SEC because they're being threatened as the governing institution money wise.

I'll bet other schools are complaining about it too. I hope it's not private equity that would be a horrible move for the university.