(Photo: Robert Killips | Lansing State Journal)
Days after George Perles stunned members of the Michigan State University community by announcing that he was immediately stepping down from his board of trustees seat, MSU formally wiped out a nearly $200,000 debt the former football coach owed on a gift pledge.
The move zeroed the balance that Perles, also the school's former athletic director, owed on a $500,000 pledge to the school, according to confidential donation records obtained by the Free Press. The pledge was to cover half the cost of a $1-million plaza in front of the school’s football building.