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The University of Missouri athletics department announced Monday morning that it received a $62 million donation from an anonymous donor. According to the department’s website, it is the single largest donation ever given to the athletic department, more than doubling the previous record in 2012.
Of the donation, $50 million will be used for renovations towards Memorial Stadium. In November, the University of Missouri Board of Curators approved renovations to the north side of the stadium.
“This extraordinary commitment is a major step toward fulfilling our vision to transform Memorial Stadium and create the best college football game-day atmosphere in the country,” athletic director Desireé Reed-Francois said in a news release. “Our pivotal stadium project is not possible without our donor, whose passion for Mizzou’s success, coupled with humility, faith and generosity, are unparalleled. Mizzou Football fans displayed their passion last season with five consecutive home sellouts, and our donor’s momentous contribution will not only enhance those magical experiences at Memorial Stadium but will greatly impact our student-athletes across every sport as they pursue their dreams as Tigers.”
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Mizzou’s Tiger Fund will receive the remaining $12 million. Launched in 2023, the Tiger Fund has a goal to “capitalize on the advantages afforded to us by the changing landscape of college athletics and the support of our state legislature,” according to the department website. As the university’s de facto Name, Image, Likeness (NIL) initiative, money can be given to the athletic department as a whole, or directed to a specific sport.
It helps athletes with resources for travel, equipment, educational opportunities, marketing, mental wellness support, and mental…
Source link : https://sports.yahoo.com/missouri-athletics-receives-record-breaking-181258680.html
Author : Columbia Daily Tribune
Publish date : 2024-02-05 18:12:58
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