BLACKSBURG, Va., June 2 -- Virginia Polytechnic Institute and State University issued the following news release:
At its full meeting held Tuesday, June 2, in Hitt Hall, the Virginia Tech Board of Visitors approved an affiliation agreement with the newly created Hokie Ventures, a nonprofit corporation that will support the long-term growth and competitiveness of Virginia Tech Athletics through modernized revenue generation, strategic investments, and athletics donor relations.
Hokie Ventures is designed to create greater flexibility and strategic agility as college athletics continues to undergo rapid transformation driven by revenue sharing; name, image and likeness; media rights evolution; and changing governance models nationally.
The...