Penn State drops to 19th on collegiate sales list
STATE COLLEGE (AP) – Penn State has fallen to 19ths on the list of universities that generate royalties from merchandise sales.
The Centre Daily Times reports Penn State dropped seven slots, from 12th, in the most recent year tracked by Collegiate Licensing Co. The company helps major universities license sports and novelty products, and tracks those sales.
Penn State’s ranking dropped in the most recent fiscal year, which ended June 30. The University of Texas at Austin led the list for the eighth year in a row.
Penn State spokeswoman attributed some of the drop to the Jerry Sandusky sex abuse scandal, saying “it would be impossible for a university – or any organization – to experience the unprecedented events that Penn State has been through and not expect some decline in sales.”