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Former University of Tennessee Basketball Coach Bruce Pearl on the financial fallout of a college scandal.
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Emotional blow from Penn State sexual abuse scandal will likely be felt for -- the content and then there's the financial -- calls to suspend the football program entirely are becoming louder.
In the wake of accusations former defensive coordinator Jerry sandusky abused kids on the Penn State campus.
The football team has been the shining star of this university bringing in a lot of money to the school could the scandal crush the program the school financially.
Bruce Pearl is the former head basketball Coach of the University of Tennessee men's basketball team -- He was fired by the University of Tennessee earlier this year after being sanctioned by the NC double -- for committing recruiting violations back in 2010.
Full disclosure purses of relative of mine my cousin who I thought that's how I got him -- a Fox Business exclusive.
Up -- listen we cannot underestimate or understate how horrible it is for potential victims.
Of this alleged sexual abuse so we get that right out here but.
You're here to talk about how powerful some of these sports programs have become financially to the school.
And how much of -- hit Penn State might take governments.
This is devastating list for some reasons.
As a Coach we're teachers and we have responsibility.
To make a difference when a student comes to the cultural the teacher -- you've got to do something about this hum postage don't know we don't know.
More and more is coming on every day Joseph Paterno short -- of course but Liz what was there's some things going on to protect the -- to protect Coach Paterno.
To not tarnish the brand.
Which is Penn State football and Penn State football.
Has been built on doing it the right way more than just football about about life and yes the power of a Coach the power position.
And what potentially could be millions of dollars as relates -- a program was enormous and perhaps folks keeping this quiet.
Well 72 million in revenues comes in from the Penn State football program so that is a massive chunk of change right now.
Moody's the ratings agency has.
Really put this company this this is -- call it a company because it almost as -- -- -- -- dollar operating budget but Moody's has put pen State's bond rating on review.
We can't understate how important that can be first school but where what they take the hit their potential lawsuit -- potential victims etc.
what I'll.
Donors and what's gonna happen there are they're gonna stop making their contributions to television what's the interest to Penn State football without Joseph Paterno.
What's gonna happen to this coaching staff now recruits look.
Perception moves the market as you know perception.
Influences -- as to where they go who's gonna take or Penn State.
What's going to be left of this football program it's -- -- a major major impact on their future do you think that sports programs -- universities have become too important to powerful list 99% of what goes on a college campus.
Intercollegiate athletics is really do -- okay some of its back.
But yes there there there is power you gotta find a -- them merry academics we have athletics that got exist together excellence at -- for -- -- Pressure obviously to get the best recruits and that led you to you know have a barbecue at your house for recruits than that was the alleged that was -- violation -- which of course pressure to win.
Pressure to win when you're winning they're worried you're going to lose it leave and when you're losing their packing your bags you're either coming and going and is -- a win at all cost.
Sometimes it is and -- ha -- Listen Penn State has been downgrading -- return -- role in the football program for the last several years okay.
He's 82 years old now they've been trying to run it without him anyway so.
I think if this happened ten years ago when maybe it happens.
This would have had up a bigger impact -- having on the program right now.
There are cries to suspend the football program for hero do you think that happens no no it shouldn't happen.
Because of what's what's going on is really good these kids are of all the student athletes are not involved.
This is a terrible terrible crime this is a great example of you must do the right thing regardless of -- if if if we don't know all that they know and she can't you know you can't sit there and -- completely but if it's true.
-- and they did not go to the authorities and they didn't stop this predator that's terrible at that Coach and as a teacher.
There are newscasters who are saying right now you know what.
Then that there are not suspended for years then and this actually happened then that they they have been punished joint returns legacy is going to be damaged by this big -- Nolan and an attempt to protein -- from.
The Maxwell war is a college Coach here it -- -- for -- it's not anymore.
To -- that the man is gonna suffer tremendously because he didn't.
Go forward to remind he's not wanted to the crime but he has -- responsibility it's just the lesson for all of us that we have to do the right.
Bruce -- former basketball Coach of university Tennessee now -- basketball analyst for college basketball for -- some serious Monday night's.
My camera -- one -- and -- channel anyone and the vice president of the HT -- company the 82 largest privately held company in America that's a wholesale grocery distributor I'm using my marketing degree from Boston College while moving forward.
And you know accepting what you did wrong so good for you gotta be accountable thanks Lazarus pearl thank you very much.
