It’s worth noting that this statement was released through Rick Pitino’s attorney, Steve Pence, and not through the University of Louisville.
These allegations come as a complete shock to me. If true, I agree with the U.S. Attorney’s Office that these third-party schemes, initiated by a few bad actors, operated to commit a fraud on the impacted universities and their basketball programs, including the University of Louisville. Our fans and supporters deserve better and I am committed to taking whatever steps are needed to ensure those responsible are held accountable.
With rumors swirling of a “big announcement” coming either tonight or (more likely) tomorrow morning, it’s understandable why Pitino felt the need to make a public statement when he did. My guess, though, is that it’s not going to have much bearing on whatever is or isn’t going to happen in the next 24 hours.
I suppose we’ll all find out soon enough.