OT - PSU May Take Out $30 Million Loan

[MikeSU02]

http://www.statecollege.com/news/lo...versity-may-take-out-30-million-loan,1386039/

...Penn State will continue to pay annual $12 million installments required to cover a $60 million fine imposed by the NCAA. The upgrade of the Beaver Stadium scoreboards will cost an estimated $10 million. The university says the athletic program will miss out on $21.6 million over the same five year span due to Big Ten conference sanctions that prohibit Penn State from collecting its share of money generated by football bowl games.

 

[FAL]

BFD--a speed bump for the House that JoPa built.

 

[javadoc]

http://www.statecollege.com/news/lo...versity-may-take-out-30-million-loan,1386039/

...Penn State will continue to pay annual $12 million installments required to cover a $60 million fine imposed by the NCAA. The upgrade of the Beaver Stadium scoreboards will cost an estimated $10 million. The university says the athletic program will miss out on $21.6 million over the same five year span due to Big Ten conference sanctions that prohibit Penn State from collecting its share of money generated by football bowl games.

I know of some very fine gentlemen who can help with this, Messrs. Volsky and Pavelvich.

 

[chakka3421]

ACC should offer PSU membership and allow sharing of bowl & conference monies. The timing is perfect and this is a once in a lifetime opportunity for Swofford to solidify ACC place in all future realignments! This opportunity will not come around again. Arb - any opinions on this possibility?