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Penn State, Pat Kraft and private equity

Is Penn State using private equity to fund athletics? AD Pat Kraft says no

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

Centre Daily Times on MSN · 1d

Penn State will not use private equity for funding, AD Pat Kraft says, refuting report

Penn State will not be using private equity as a way to fund its athletic department, PSU athletic director Pat Kraft said Monday evening. His statement comes after a Sportico report claimed PSU and UCLA would be partnering with Elevate in its $500 million College Investment Initiative, which is a fund that is backed by private equity.

CBS Sports · 1d

Penn State, UCLA athletic directors deny involvement with private equity funding amid House v. NCAA settlement

Pat Kraft (Penn State) and Martin Jarmond (UCLA) told Yahoo Sports' Ross Dellenger that partnerships with sports consulting firm Elevate do not include private capital. This, in response a report from Sportico that the Big Ten members became debut partners in Elevate's new $500 million program to fund college athletic departments.

On3 on MSN3d

Penn State AD Pat Kraft welcomes House settlement, announces program’s intentions

The news landed late on Friday night, an historic settlement reached in the House vs. NCAA case that finally met approval ...

Hosted on MSN3mon

Pat Kraft: Why Penn State wrestling's Cael Sanderson is 'one of one. He's a unicorn.'

The Penn State wrestling juggernaut and coach Cael Sanderson are about to embark on another potential record-breaking postseason. A historic run, even. Leave it to Penn State athletic director ...

YDR9mon

Penn State AD Pat Kraft gets new contract, big pay hike, through 2032. Here's what we know

Pat Kraft is under contract now to lead Penn State's athletic department for the remainder of the decade and beyond. The university board of trustees today approved an extension for Kraft ...

ESPN9mon

Penn State extends AD Pat Kraft's contract through 2031-32

Penn State athletic director Pat Kraft has received a contract extension that runs through June 30, 2032, and will pay him an average of $2.26 million per year over the next eight years ...

Reading Eagle9mon

Penn State AD Pat Kraft receives contract extension through June 2032

Penn State director of athletics Pat Kraft and his family have lived in the State College area for a little more than two years, but they’ve found a home. Kraft received a contract ...

Penn Live3mon

Penn State’s Pat Kraft on Cael Sanderson’s impact: ‘We all have to understand what we are watching’

Pat Kraft was asked a simple question. He knew it would require a detailed answer. Kraft responded in detail, and then some. In the world of college wrestling, what separates Penn State ...

On3 on MSN1d

Penn State makes history as one of the first programs to sign on for Elevate’s eight-figure College Investment Initiative, report says

Penn State Athletics is reportedly adding a new funding avenue to its financial portfolio ahead of the start of the revenue ...

2don MSN

Penn State Pivots Quickly to Revenue Sharing, Roster Limits of House Settlement

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

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