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| Penn State fined $60m over Jerry Sandusky sex abuse | Penn State fined $60m over Jerry Sandusky sex abuse |
| (40 minutes later) | |
| US college sport authorities have fined Penn State University $60m (£39m) in the wake of child sex abuse perpetrated by a long-serving football coach. | US college sport authorities have fined Penn State University $60m (£39m) in the wake of child sex abuse perpetrated by a long-serving football coach. |
| The university - a famous US football school - will be banned from competing for honours for four years, and lose all wins from 1998-2011. | The university - a famous US football school - will be banned from competing for honours for four years, and lose all wins from 1998-2011. |
| The National Collegiate Athletic Association (NCAA) said href="http://www.ncaa.org/wps/wcm/connect/public/ncaa/20120723/2120723" >the punishments were "corrective and punitive". | |
| Assistant coach Jerry Sandusky was found guilty of 45 counts of sex abuse. | Assistant coach Jerry Sandusky was found guilty of 45 counts of sex abuse. |
| He abused 10 boys over a period of 15 years, a court found, judging him to have preyed on boys he met through a charity, Second Mile, that he founded himself. | |
| Sandusky has not been sentenced but could spend the rest of his life in prison. | |
| Paterno record hit | |
| The fallout from the scandal has sullied the reputation of Penn State's former head football coach Joe Paterno. | The fallout from the scandal has sullied the reputation of Penn State's former head football coach Joe Paterno. |
| Paterno, who died earlier this year, months before the resolution of the case, won more college football games in his long career at Penn State than any other head coach in university sport. | Paterno, who died earlier this year, months before the resolution of the case, won more college football games in his long career at Penn State than any other head coach in university sport. |
| He was heavily criticised in a report by former FBI Director Louis Freeh, issued after the guilty verdict, which said the highest-ranking officials at Penn State failed utterly to protect victims and potential victims from Sandsuky. | |
| Many of his wins will now be expunged from the record books. | Many of his wins will now be expunged from the record books. |
| On Sunday a statue of Paterno was removed from outside the university, after it was deemed to have become a "lightning rod of controversy". |