University of Michigan President Lee C. Bollinger today (April 28) issued the following statement, related to press statements released by Nike:

Earlier statement regarding the Nike action

“I am authorizing the one time transfer of $3 million from the President’s unrestricted gift fund to the Michigan athletic department. We are part of the one university community. When people try to punish Michigan for acting with honor, we will stand behind those who are harmed. The amount transferred does not reflect any particular estimated loss but instead is a sign of our support.”

Lee C. BollingerEarlier statement regarding the Nike action