Report: Florida State exploring capital equity with JPMorgan

(Photo credit: Melina Myers-USA TODAY Sports)
Florida State's athletic department is looking to raise money and is working with JPMorgan Chase to try to find investors, Sportico reported Friday.

The report didn't specify how Florida State would use the funds, but it could be to pay a $120 million exit fee from the Atlantic Coast Conference.

The university president and athletic director said earlier this week that they