However, if a private individual or consortium were able to take control of the grant, I think this would be viewed as a very negative development by the market and cause the price to fall significantly. Thus it would be a self-defeating strategy to try to privatize the grants and I don't expect it to happen.
I truly do hope that you're right about this, but I have a sneaking suspicion that there's plenty of people out there either too blindly greedy, or too stupid to not try this.