|
Title: MORE Bad News for Penn State-UPDATE Post by: Marshal Dillon on July 24, 2012, 05:17:01 PM This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically?
Quote Penn State has about $1 billion in debt, Moody's said. A downgrade could make it more expensive for Penn State to borrow money, which would be another long-term cost in a scandal that has already cost the school immeasurably. Read more: http://sportsillustrated.cnn.com/2012/football/ncaa/07/24/penn-state-credit.ap/index.html#ixzz21a4YRixj http://sportsillustrated.cnn.com/2012/football/ncaa/07/24/penn-state-credit.ap/index.html?sct=hp_t2_a10&eref=sihp :popcorn2: Title: Re: MORE Bad News for Penn State Post by: Marshal Dillon on July 24, 2012, 05:52:34 PM This is incredible, they are getting hit from every direction. What next, they get downgraded to junior college status academically? Quote Penn State has about $1 billion in debt, Moody's said. A downgrade could make it more expensive for Penn State to borrow money, which would be another long-term cost in a scandal that has already cost the school immeasurably. Read more: http://sportsillustrated.cnn.com/2012/football/ncaa/07/24/penn-state-credit.ap/index.html#ixzz21a4YRixj http://sportsillustrated.cnn.com/2012/football/ncaa/07/24/penn-state-credit.ap/index.html?sct=hp_t2_a10&eref=sihp :popcorn2: Sheesh! Less than 15 minutes after I started this thread, Penn State takes another huge hit. The wolves are out and they want Penn State blood. Quote State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school's credit rating, suggesting the price of the sexual abuse scandal could go well beyond the $60 million fine and other penalties imposed by the NCAA. http://msn.foxsports.com/collegefootball/story/penn-state-nittany-lions-sponsors-leaving-state-farm-general-motors-072412 Title: Re: MORE Bad News for Penn State-UPDATE Post by: Chechem on July 24, 2012, 06:06:53 PM Well, snap. This is really sad news. (http://media.247sports.com/Content/Img/Smilies/sarcasm.gif)
Title: Re: MORE Bad News for Penn State-UPDATE Post by: Marshal Dillon on July 24, 2012, 06:39:22 PM Well, snap. This is really sad news. (http://media.247sports.com/Content/Img/Smilies/sarcasm.gif) LOL!! Try not to get too sympathetic and upset. :eyeroll: |