Las Vegas business leaders are coming to the defense of UNLV President Len Jessup amid some disapproval within the state university system over his practices and performance.

The future stability of UNLV is in question after the announcement that the university’s president might be on his way out the door.

One of two regents pushing most vigorously for UNLV President Len Jessup’s ouster brushed off the notion that the board should be concerned about fundraising at the university despite a mounting revolt by some of the school’s largest backers.

A third donor to UNLV has suggested they will pull their contribution to the university if Len Jessup is removed from his position as president.

Add $8 million to the funding that UNLV stands to lose if Len Jessup is pushed out as the university’s president.

UNLV President Len Jessup’s decision to sign an agreement conditioning a $14 million donation to the medical school on him keeping his job through 2022 “raises serious questions about Dr. Jessup’s ethics” and “the optics are appalling,” a lawyer for the Nevada System of Higher Education wrote in a legal opinion obtained by The Nevada Independent.

An agreement signed by UNLV President Len Jessup for the university to receive a $14 million gift for its medical school has become ammunition in a behind-the-scenes attempt by members of the Nevada Board of Regents to pressure Jessup into giving up his position.

The 8 News NOW I-Team has obtained the letter written by the Engelstad family rescinding their $14 million donation from UNLV's School of Medicine.

A donor says she is rescinding a $14 million donation made to UNLV after reports that there may be an effort to push the university’s president out of office.

On the heels of reports that there may be an effort to push UNLV President, Dr. Len Jessup out of office, a big donor is pulling a large donation from the school. The I-Team has learned that the Engelstad Foundation is pulling a $14 million donation.

Funding for UNLV’s medical school building may be collapsing as two megadonors, citing concerns over the Nevada Board of Regents’ leadership, have rescinded or begun reconsidering gifts totaling $39 million. Future gifts also are in question.

The I-Team has obtained a letter from UNLV President Len Jessup that was sent out to the campus community Wednesday saying media reports about his pending departure are misleading.