text:  In 2023, the original owners sold Subway to a private equity firm called Rourke Capital for about $9.6 billion. Rourke also owns chains like Duncan, Arby's, Jimmy John's, and more. So that's Subway. And who is Jared Fogle? The Jared Fogle story begins in the late 1990s when he's an undergraduate in college. This was at Indiana University in Bloomington.