Purdue Global owes Kaplan $127M, but they have the money to sponsor Purdue basketball.
https://www.sec.gov/ix?doc=/Archives/edgar/data/104889/000010488923000064/ghc-20230930.htm https://www.purdue.edu/treasurer/finance/wp-content/uploads/2023/12/FY-2023-Annual-Financial-Report.pdf
https://www.purdue.edu/newsroom/releases/2023/Q4/purdue-global-announced-as-presenting-sponsor-for-2023-24-purdue-mens-and-womens-basketball-seasons.html
In Forbes...
Purdue Global Owes $128 Million To Its For-Profit Partner. It May Not Be Able To Pay.
https://www.forbes.com/sites/dereknewton/2023/12/17/purdue-global-owes-128-million-to-its-for-profit-partner-it-may-not-be-able-to-pay/?sh=2b41afdf7998
"As of September 30, 2023, Kaplan had a total outstanding accounts receivable balance of $127.8 million from Purdue Global related to amounts due for reimbursements for services, fees earned and a deferred fee. Included in this total, Kaplan has a $19.6 million long-term receivable balance due from Purdue Global at September 30, 2023, related to the advance of $20 million during the initial KU Transaction."