Penn State will not be using private equity as a way to fund its athletic department, PSU athletic director Pat Kraft said ...

Penn State athletics has "no affiliation or involvement with any private equity firm or fund," athletic director Pat Kraft ...

Sportico reported that Penn State signed with a new $500 million private equity fund. But Penn State said it has "no ...

Pat Kraft (Penn State) and Martin Jarmond (UCLA) told Yahoo Sports' Ross Dellenger that partnerships with sports consulting ...

Yes. While the House v. NCAA settlement allows schools to spread up to $20.5 million to athletes how they see fit, athletic ...

Penn State Athletic Director Pat Kraft believes some terms of the House vs. NCAA settlement may benefit the Nittany Lions.

Penn State and UCLA are denying they have partnered with Elevate in its $500 million College Investment Initiative. When the ...

Sports agency network Elevate said they have partnered with Penn State and UCLA as the company introduces a $500 million ...

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Since the Court’s initial approval of the settlement in July 2024, Penn State Athletics has been preparing to meet the demands of this transformational change. We will share revenue with our ...

and on Saturday PSU athletic director Pat Kraft reiterated what he's been saying since the initial approval of the settlement last July. Namely, Penn State is all in on paying its athletes.

“Since the court’s initial approval of the settlement in July 2024, Penn State Athletics has been preparing to meet the ...