Saint Augustine’s University is urging the North Carolina Attorney General’s Office to swiftly approve a $70 million deal with 50 Plus 1 Sports in a significant move aimed at securing its financial future. With only nine days left to secure this approval, university officials stress that time is essential as they prepare to appeal for reaccreditation from the Southern Association of Colleges and Schools Commission on Colleges in February.
“Saint Augustine’s University has shown its willingness to cooperate with the Attorney General’s Office by providing them with all the information they have requested to facilitate a timely decision,” said SAU Board of Trustees Chairman Brian Boulware. “Approving this deal is not just a financial necessity; it’s a critical opportunity to showcase our commitment to academic excellence and long-term sustainability.”
The road to securing this approval began in December when discussions were initiated under then-Attorney General Josh Stein, who has since transitioned to the governor’s office. The new Attorney General, Jeff Jackson, now holds the reins, raising concerns about potential delays that could hinder the university’s progress.
“With the community’s support, we are confident that this approval will allow us to build a brighter future for our university and those we serve,” remarked SAU Interim President Dr. Marcus H. Burgess. “We urge everyone to reach out to the NC Governor’s Office and the NC Attorney General’s Office, advocating for the swift approval of this deal. Your voices can play a critical role in securing the future of Saint Augustine’s University. Every call and message counts.”
A Big Deal
The 50 Plus 1 Sports deal represents an enormous opportunity for SAU. It empowers the university to enhance its financial infrastructure while continuing to serve a diverse student body. Approval of this initiative is paramount to the institution’s immediate financial health and long-term operational viability.
“We believe in the mission and vision of Saint Augustine’s University and are committed to working collaboratively to ensure its success,” shared Monti Valrie, managing partner of 50 Plus 1 Sports. “The approval of this deal is essential to sustain the university and enrich its community.”
As the deadline approaches, SAU is mobilizing its community members, supporters, and stakeholders, calling for immediate action to expedite the approval process. The university’s leadership implores those invested in the institution’s future to advocate decisively for this critical financial lifeline.
Saint Augustine’s University continues to exemplify resilience and determination in the face of adversity, and the outcome of this deal could define its path forward for years to come.
This article draws information from Saint Augustine’s University.