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Rich College Sports Fans Are Funneling Millions to Athletes Carly Wanna, Bloomberg News Wealthy college sports fans across the US are racing to set up organizations that can channel money to student athletes in the wake of a Supreme Court ruling last year letting amateur players receive compensation. Supporters of Penn State University, including the son of famed coach Joe Paterno, have set up multiple funds, known as collectives. Miami's billionaire booster defends his big-dollar NIL deals Liz Clarke, The Washington Post The NCAA gave notice recently that penalties could be coming for universities whose boosters use endorsement deals to coax recruits or transfers to enroll amid the evolving rules of amateurism in college sports. One high-profile booster who's not worried about the enforcement staff's scrutiny is Miami graduate John H. Ruiz, a billionaire entrepreneur and lawyer who has pledged to spend at least $10 million on athletes he believes can help promote his businesses. |
---Morning Consult
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