Mart Green, the man behind the craft retail chain Hobby Lobby, has offered $70 million to Tulsa's financially strapped Oral Roberts University if the school will reform its financial structure.
News of the gift was announced Tuesday following a two-day meeting of the school's board of regents. The offer came after the board accepted Richard Roberts' resignation as the school president. In a lawsuit filed earlier this fall, Roberts and his family were accused of lavish spending on personal items.
According to today's Tulsa World, "The Roberts family will no longer have a say in the school's business operations."
The newspaper also reported that Green has had no previous connection with ORU, but referred to the school as "God's College." Ok, but we always through the label belonged to a certain school in South Bend, Indiana.