Everyone please stay on the topic of 2019 recruits in this thread and let's try to keep it relatively clean. There are plenty of other threads to complain about coaches and each other.
Even if it's privately financed, the money flows through UND and they'd be competing under the UND name. UND would have to provide equivalent opportunity to female participants, regardless of funding source.
I've never really understood why it matters who the players play against, as long as the college prospect didn't sign or take money. After all, college players play against pros in international competitions, camps, and da beauty league....