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FOXBusiness.com’s Kate Rogers breaks down the hefty NCAA sanctions for Penn State and how they will impact local small-business owners for this foot...
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Ready we're joined by Kate Rogers with foxbusiness.com.
Talking about some ramifications.
From the awful scandal involving the Penn State.
Football yes so Penn State -- about to start its first he's in in the shadow and united arguably the biggest scandals ever hit college -- sports.
In history so anti deadly came down with some unprecedented really heavy sanctions for the -- -- -- sixty million dollars.
Wiped out fourteen years of winds from Joseph Paterno now from.
Also the football team and program itself is on probation for five years Douglas we have really ugly and there's been so much focus on what this means for -- actual team and the players but nobody's really talking up the local economy in this college town it's the college's highest -- college towns are typically typically snow.
All -- -- a lot of locals than -- rely on.
On what impact seniors graduated family weekend sports teams and -- -- has a huge filing its huge alumni -- so this is really going to have a major impact on their local economies some small businesses so.
I had control but I did track down a few business owners who are willing to kind of -- -- -- and landed him so hard to say they intend to speak it's very touchy and I think that.
They want to be solid stand by the school and they're probably sick of talking about at this point.
I felt like half the people like called I would say reporter and they just didn't even you know they tents up meeting and we're talking about personal well yes definitely -- the first thing is I talked it was -- Eileen.
-- and practiced -- Pennsylvania Tennessee college and it's been there for 27 years and the -- remain -- -- she's telling me that she's really scared she's been reading these local newspapers.
And every day seems like another football player is leaving the school to go.
Two different football program and she relies on those football fans -- all of her rooms and -- she said she's nervous about that talent for this upcoming season and while she hasn't had any cancellations yet.
-- just yet definitely good sign that she's starting to -- some of the price on her website -- entice people.
Coming today did she tell you if there ever sold down loaded if so plan are yeah I think usually those probably -- weekends are huge.
Openers and home games Democrat and probably towards -- of this year.
But for -- actually say -- books completely but she said that for.
The beginning of the seasons haven't had any cancellations yet which is a really good sign -- -- the next different and yes I'll absolutely the next business I spoke to I I really thought she would be hit hard because.
She is clothing and apparel retail and hand and it's called.
-- hate clothing come you're not gonna -- -- Gear that corner in the name of this controversial football I -- not any immediate future of course she saw a major shift in west shoppers were looking for some analysts -- O'Leary she's the next in 1990 toga and so she's.
You know -- -- all of those fourteen years that we're just wiped out of all those wins he said that the hot items in the past where those Joseph Paterno -- -- T shirt sweat shirts -- -- all that but that they're not be sold there anymore not allowed to know yet if an indoor and Scott.
And I -- -- -- they too so this whole scandal really.
Hit him hard as well.
And so she -- what they're looking for now I'm more inspirational things that we believe pumpkins the least in my Penske to she's its kind change around what she's an order.
Friday's selling now yes they're still selling she hasn't noticed -- -- down debt he said they're flocking really inspirational gear -- a -- I think.
Like what we're saying meaning people wanna stand by the school they want to show -- pendency I didn't have -- really ready to move on me and another thing that she said she -- that you know.
They have the largest -- maybe in the country so this.
For her she doesn't think it's going to really impact -- two RB she said she doesn't -- I need to say it wouldn't have any sort of a -- scouts so.
DSL SR.
It says OK Kate you said.
Fourteen years of winds were wiped out in the name -- -- nick need lions.
He doesn't -- paper you can't change history no matter how or why you -- right it yes that's sure I know landed the big players are forgetting me that he said it you know either metal plate in my back from one of those -- that was wiped out so.
You can't say it didn't happen we feel that way so it is they probably really hit hard for a lot of these being -- And then at our lessons that we spoke to was a restaurant retaliate they have and it is Italian restaurants and my popular when parents coming to town and when I come to visit.
-- as a sports bar.
So he was really concerned with -- doubly sanctions that they were going to wipe out a weight -- is being broadcast on television which they didn't they're still -- -- broadcasted.
He said about 10% of his business is means deep crowd.
-- 10% as business comes from those sports bars and people watching the door anyway gains yeah.
So that's great because the Penn State fans go to the local bar to watch if they can't get -- exactly so he was concerned about that.
But incidentally did it take that away from them the way -- can still live broadcast until he was happy about that.
And -- the opposite of may from the bed and breakfast he's concerned about the future.
-- Tennessee football because along with those -- -- sanctions scholarship numbers were attacked.
So there giving out when he fewer scholarships and they weren't passive he said he's nervous about.
You know attracting that meet your town is still going to black -- and university gains bringing us that different.
And LN RS go out to all those local businesses to money or -- that they'll still be effective this excellent book article on foxbusiness.com.
It depends capable sanctions mean bust for local businesses we hope that that's not.
The case kit Rodgers thank you thank you so much for gonna go to break we'll be back with some Yahoo! News that.
