From the University:
The University of California, Berkeley, baseball program will continue to represent the campus as an Intercollegiate Athletics sport, now and into the future, as the result of a successful and ongoing fundraising effort on the part of alumni, former players, parents of current players and other team supporters, campus officials said today. After a significant increase in philanthropic pledges in the last few days, commitments totaling $9 million were presented to Chancellor Robert Birgeneau yesterday by Stu Gordon, a former Golden Bear pitcher and leader of the fundraising effort. In light of the fact that the funds raised remain about 10 percent short of the previously identified $10 million goal, donors and the campus administration have agreed that the team’s formal reinstatement will be announced once the $10 million target is met through continued fundraising.
Birgeneau said he is encouraged by and appreciative of the tremendous outpouring of support for the continuation of varsity baseball at UC Berkeley. “The baseball team’s preservation is yet another example of how our alumni are stepping up to support their alma mater during a time of unprecedented financial challenges,” he said. “I am grateful, on behalf of the campus community, for what our alumni and supporters have accomplished, and pleased that Cal baseball will continue to represent the university in intercollegiate competition. Most especially, I want to thank Stu Gordon for his inspired leadership of this fundraising effort. It would not have happened without him. I have faith in the community’s ability not only to meet, but to exceed, the $10 million target in the near future.”
Link to rest of press release.