The child development center on the Nike campus in Beaverton, Ore., will no longer be named for late Penn State football coach Joe Paterno.
In a statement Thursday, Nike founder Phil Knight, who was Paterno's friend and business associate, said he was saddened to learn of the findings of the independent investigation of Penn State's handling of the Jerry Sandusky sex abuse scandal. Released Thursday morning, the investigation concluded that Paterno and other top administrators concealed allegations against Sandusky to shield the university from bad publicity.
"According to the investigation, it appears Joe made missteps that led to heartbreaking consequences," Knight said. "I missed that Joe missed it, and I am extremely saddened on this day. My love for Joe and his family remains."
Added Mike Parker, Nike's president and CEO, who graduated from Penn State in 1977, "I have been deeply saddened by the news coming out of this investigation at Penn State. It is a terrible tragedy that children were unprotected from such abhorrent crimes. With the findings released today, I have decided to change the name of our child care center at our World Headquarters. My thoughts are with the victims and the Penn State community."
The Sports Xchange contributed to this story.