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Website Aims to Crowdfund Payments to Former College Athletes

January 9, 2015
 
 

A website formed to crowdfund payments to former college athletes has begun collecting live contributions, despite attempts from colleges and conferences to shut it down, CBS Sports reported. The website, FanPay, has received under $1,000 in anonymous donations so far, but its owner insists that it is compliance with National Collegiate Athletic Association rules, despite warnings from dozens of colleges this fall (in cease-and-desist letters) that the promised donations could render the athletes ineligible for further collegiate competition.

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