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:
http://kstp.com/kstpImages/repository/cs/files/Sandusky-Grand-Jury-Presentment-1.pdf
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.
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