That is why it needs reform DBT. Because we have politicians in political positions. I don't necessarily agree with it yet, but adding seats to the BOR and having those members appointed is likely to moderate the political winds that plague the current BOR. Right now you have members who can gain votes by being vocal about pet political topics that could be harmful to the University - like being anti-athletics.
You seem to be implying that because the legislature and governors office is controlled by Democrats, that they would appoint Democrats to the BOR and kill athletics. I disagree with your assertion. There is quite a bit of evidence that those appointments would be far less political than the current structure.
Look at CSU - their Board of Governors is appointed by the Governor, and their Board is extremely diverse with people who have high level experience in the private and public sectors:
http://www.csusystem.edu/board-of-governors/board-members - Better yet, none of their bios mention their political affiliation! Compare that to CU's site, where everyone's political affiliation is prominently displayed.
CU has folks whose resumes are a far bit thinner (Kroll and Sharkey in particular)
Finally, just a side note - but the BOR at CU has been Republican dominated for the past 40 years. It will be ok if the Democrats take over one seat for a little while. They will not kill off sports.