Louisville coach Rick Pitino releases statement on FBI investigation

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.