Terry Pegula Responds To Penn State Controversy

November 10, 2011 Updated Nov 10, 2011 at 4:22 PM EDT

By WKBW News

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Terry Pegula Responds To Penn State Controversy

November 10, 2011 Updated Nov 10, 2011 at 4:22 PM EDT

BUFFALO, NY ( WKBW / release ) Terry Pegula, the owner of the Buffalo Sabres and major contributor to Penn State University, issued a statement on recent events there after a sex scandal has rocked the college. The firing of legendary coach Joe Paterno resulted in student riots Wednesday night. The President, and top administrators, are also gone.

Here is the text of Mr. Pegula's statement:

“The events that are unfolding at Penn State University are deeply troubling and a matter of great concern to me and my wife Kim. As many have expressed, our primary concern is for the individuals and families who may have been victimized.”

“Penn State's reputation has been severely tarnished. We are encouraged to see the University trustees have begun the process of restoring integrity and trust in the institution. This process will take a period of time and trust will need to be re-earned as a result of these recent disclosures.”

“Penn State is supported by millions of students, alumni, faculty, staff and administrators. Our own support for Penn State and its hockey program is well known and will continue. We expect the University will carry out its educational mission with high standards and integrity.”