The newly created nonprofit corporation is designed to support the long-term growth and competitiveness of Virginia Tech Athletics.

Virginia Tech is navigating a sweeping leadership transition at the top, with both its president and athletic director set to leave before the 2026 fall semester begins.

Virginia Tech President Tim Sands announced in a statement on Thursday that he would be stepping down in the coming months.

This week, seven international students from Virginia Tech and two alumni had their visas revoked. In a letter from Virginia Tech President Tim Sands, the students were informed that their Student and Exchange Visitor Information Records had been revoked and terminated, meaning they must leave the U.S. immediately.