Penn State Football Drops From No. 3 to No. 13 on Forbes’ Most Valuable List

Via Mike Dawson of the Centre Daily Times:

Penn State has tumbled down Forbes’ list of most valuable college football teams from No. 3 last year to No. 13 this year.

Forbes put Penn State’s value at $79 million this year, which was down 21 percent from $100 million last year.

Forbes said Penn State spent nearly $11 million in new expenses that were from the Jerry Sandusky child abuse scandal.

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