Penn State University Football head coach, Joe Paterno will retire at the end of the season, amid a child abuse scandal involving former defensive coordinator Jerry Sandusky, which has rocked the sports world.

The following statement, from Joe Paterno, was released this morning:

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STATE COLLEGE, Pa. - I am absolutely devastated by the developments in this case. I grieve for the children and their families, and I pray for their comfort and relief.

I have come to work every day for the last 61 years with one clear goal in mind: To serve the best interests of this university and the young men who have been entrusted to my care. I have the same goal today.

That's why I have decided to announce my retirement effective at the end of this season. At this moment the Board of Trustees should not spend a single minute discussing my status. They have far more important matters to address. I want to make this as easy for them as I possibly can.

This is a tragedy. It is one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more.

My goals now are to keep my commitments to my players and staff and finish the season with dignity and determination. And then I will spend the rest of my life doing everything I can to help this University.

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Penn State hosts Nebraska at Beaver Stadium Saturday at 11a. 1340 The Fan will have live coverage of the game from Westwood One beginning at 10:30a.