T. Boone Pickens Releases Statement on OSU Investigation

One of Oklahoma State University's largest donors issued a statement Tuesday afternoon regarding an investigation into the sports program.

Sports Illustrated made public the first part of a series exposing alleged inappropriate activities involving past coaches and players.

On Tuesday afternoon, T. Boone Pickens issued the following statement:

"There's one word I have for the Sports Illustrated reporting on Oklahoma State University: Disappointing. This series is not reflective of Oklahoma State University today. Many of their sensational allegations go back a decade ago."

More: Read the Rest of Pickens Statement

In meetings with OSU officials, Sports Illustrated outlined allegations involving inappropriate activities and actions, the vast majority of which occurred between 2001 and 2007. The allegations outlined do not involve any current coaches or players.

READ THE ARTICLE: "Part One -- The Money"

"Oklahoma State University is deeply troubled by these claims. We will investigate the accuracy of the allegations and take all appropriate action," said OSU President Burns Hargis. "We do not condone or tolerate improper conduct in our athletic programs. OSU requires everyone affiliated with the university to follow the rules and adhere to the highest ethical standards."

Holder says he was apologizing to "all of the athletic directors in the conference for what's about to happen, what's about to be said about a member institution. That reflects on everyone."

In closing during a press conference this week, Holder expressed confidence in Coach Gundy and the staff and their commitment to the highest standards. "Our most important mission is doing all we can to prepare our student athletes to be successful and productive citizens throughout their lives," Holder said.

OSU has notified the NCAA and launched its own investigation.