UNC Charlotte's Football Stadium To Remain 'Jerry Richardson Stadium'
UNC Charlotte confirmed Thursday that the football stadium will remain Jerry Richardson Stadium.
A school spokesman said in a statement that the Board of Trustees for UNC Charlotte has determined that the university will “honor the naming rights agreement” with Richardson.
The former Panthers owner agreed to donate $10 million to the school in May 2013. According to the gift agreement, it appears he has donated $6 million of that already. The contract lays out the naming rights for the stadium, and also puts Richardson’s name on the football field — along with former Bank of America CEO Hugh McColl.
An item in the contract also makes clear that the stadium and field names will remain in “perpetuity for the life of the football complex.”
UNC Charlotte isn’t the only school to have buildings named after Richardson and members of his family. Wofford College, Richardson’s alma mater, has an indoor stadium named after him and an arts center named after his wife, Rosalind.
A spokeswoman for Wofford said the school has “been indelibly transformed by the generosity of the Richardson family.”
“Beyond that,” she said the school has “no further comment.”
Questions surrounding the name of the stadiums arose following allegations of sexual and workplace misconduct made against Richardson by former Panthers employees. An NFL investigation substantiated the claims, and Richardson was fined $2.75 million — the largest fine in the league’s history.
Richardson put the Panthers up for sale in December. The sale to hedge fund manager David Tepper was finalized in July.