Skip to comments.Penn State Could Owe Victims More Than $100 Million
Posted on 11/10/2011 7:07:57 PM PST by TigerClaws
The Penn State University football program is worth more than $50 million each year to the university. But according to one estimate, the Jerry Sandusky sex abuse case could cost the university more than $100 million in civil suits alone.
Read more: http://www.businessinsider.com/civil-suits-could-cost-penn-state-more-than-100-million-2011-11#ixzz1dMVfQZe7
(Excerpt) Read more at businessinsider.com ...
At least. If they are not concerned, they should be.
Maybe that would be an incentive not to cover up child rape for a decade.
I think it will be much MORE than that when it all comes out ‘in the wash’. JMO
If there are others, I hope they remain strong and come forward.
So, maybe the faculty could take a pay cut to help pay the claims?
Thats chump change. PS Football makes about 50 Million PROFIT a year. Thats only 2 years. Not enough.
Link to the grand jury report:
The school has an endowment of about $1.5 billion.
I think that’s precisely why they did cover it up. They eased Sandusky out and tried to disassociate the Univ. from him, without letting on why.
I expect their program is going to take a hit -- expect some existing players to depart and recruits will have to get past the new moniker "Ped State."
When we first initiated the process of normalizing homosexuality, we ignored the inevitable consequences.
Now that it's beginning to come to fruition, we refuse to see what is happening and simply choose to call it something else.
This is not unique in history; societies have experienced it again and again and there's a reason humanity always ends up outlawing it.
there may no longer be a football program,
or any sports for that matter.
ALso consider that the NCAA is considering shutting down the Penn State football program for this year and the entire season next year.
$100 Mil is only the tip of the iceberg ...
Factor in loss in student attendance at PSU [less tuition revenue], alumni donations, corporate donations, government grants, etc. Pretty soon, you’re talking real money ...
Just a cost of doing business. They're still $400 million ahead.
I don't know how many remember it, but back in the 90’s, one of the times Michael Jackson was being sued, several transcripts were published of his victims giving their statement. As I recall, their statements of what went on was so similar to this it is scary. Always involved the adult getting into bed with the kid and making some kind of excuse to have contact.
It's almost like there is a book of instructions somewhere that all of these POS perverts follow.
That figure seems a little low to me.
Hopefully, this scandal means PSU administrators and faculty have to take massive cuts in pay.
Some how none of the media has anything nice to say about the idea of gay leadership in the scouts or in the miitary this week. Do you think that will change soon?forgetaboutit.
I think they’ll be paying the victims for many, many years.
There are so many people that are potentially culpable here.
....And possibly many more involved considering the story about the missing DA that’s presumed dead. That can’t be coincidence.
Geez, this whole this is like watching a disturbing movie.
You missed the PC take on all this?
It’s that these are heterosexual men (look - he’s married!) and not typical gay behavior, which involves only (mostly) monogamous consensual sex between two adults who can now legally marry.
That’s the “party line” on these situations.
The shame is that the actual people involved will skate. None of them will end up paying out of their own pockets!
Before everything is said and done, I think Penn State will voluntarily suspend its football program for a couple of years—or be forced to do so by the NCAA. This is the worst scandal in the history of college football—far worse than the usual incidents of cheating. Given the magnitude of this scandal, it’s impossible to envision Penn State football being allowed to continue with business as usual, or simply forfeit a few scholarships, along with TV and bowl appearances.
They can start with that global warming charlatan Michael Mann whose use of faulty data generated the so-called "hockey stick" graph in an attempt to show global temperatures have dramatically risen since 1950 which correlates with the rise in carbon dioxide. Though seemingly a slam-dunk for the brain dead global warming crowd, correlation does not equal causation and release of the climategate emails show that several researchers conspired to cook the results in their favor.
I agree with the article’s estimate of $100 - $250 million in civil judgments and settlements. IMO the loss of football revenue will be comparable.
Penn St. football USED to make 50 million dollars a year. I fixed it for you.
Oh, that's a killer riposte, the kind of slam-dunk logical smack that blows the whole issue right out of the water.
Oh, did I say "blows?" Oops.
Yes. Penn State did their own investigation of Mann when his fraud was made public, and they exonerated him. Sounds like familiar territory for this institution.
Good point. As one astute columnist in New Jersey pointed out yesterday . . . Without its football program, Penn State is just Rutgers without a short train ride to New York City.
News at the top of the hour said the PS Board of Trustees are not done meeting and more suspensions/firings expected in the next several days.
Sue it until it closes down. It’s time we started shutting the doors of these despicable “institutions”—
He has no natural children.
When you can’t propagate your own species, you have to recruit and indoctrinate, including by force.
Good. It is a pervert organization through and through. Not just the football program.
If I may ask, where did you get that information?