Cody Campbell, a big Texas Tech booster, offered his oil and herbal gasoline corporate Double Eagle to Diamondback Power on Tuesday for about $4.08 billion in money and inventory. The founding father of Texas Tech’s NIL collective The Matador Membership, Campbell was once the primary monetary supply for the Crimson Raiders’ top-ranked switch portal category this iciness.
Campbell is the co-founder and CEO of Double Eagle in conjunction with John A. Dealers. Diamondback pays kind of 6.9 million stocks and $3 billion in money. It expects the deal to near on April 1.
Running with Texas Tech head trainer Joey McGuire and normal supervisor James Blanchard, Campbell helped piece in combination the No. 1 portal category in step with On3. The cost tag got here out to a reported $10 million, in line with ESPN.
Following Texas Tech’s loss 41-27 loss to Colorado in early November, Campbell wrote on X that there was once “terrible officiating” within the recreation. A consumer commented beneath, telling the billionaire to “purchase us an O-line.”
Campbell responded, announcing, “I can.” The Texas Tech booster adopted via along with his procedure, hanging in combination the highest category within the portal. That was once highlighted via operating again Quinten Joyner (USC), who picked the Crimson Raiders over Ohio State. In addition they added receiver Reggie Virgil (Miami, OH), who had 41 catches for 816 yards and 9 touchdowns in 2024. Virgil selected Tech over Oklahoma, Florida and Florida State.
The Matador Membership has been at the vanguard of NIL because it was once introduced in February 2022. In July 2022, the NIL collective introduced it had signed 100 Crimson Raider soccer gamers to a one-year $25,000 NIL contract.
The highest softball pitcher within the country remaining season, NiJaree Canady, transferred to Texas Tech remaining offseason. She signed a one-year handle The Matador Membership this is just about $1.2 million, resources instructed On3 remaining summer time.
“We’re excited to announce our settlement with Diamondback,” Campbell stated in a remark on Tuesday. “We imagine our group has constructed a really standout asset that additional will increase Diamondback’s fine quality stock. It was once vital to us that we handle the stewardship of this asset going ahead no longer most effective with a world-class Midland operator but additionally a bunch that stocks our core values and understands the significance of neighborhood have an effect on in West Texas.”
