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TCF Financial Corporation and the University of Minnesota announced an amended sponsorship agreement for TCF Bank Stadium that immediately invests $8 million in the University’s Athletes Village, a transformative project to modernize athletics facilities and deliver a first-class collegiate experience for all current and former Gopher student-athletes. The amendment also provides the University with $541,000 in additional revenue over the remaining term of the agreement.
In 2005, TCF entered into a 26-year, $35 million sponsorship agreement with the University to support Gopher Athletics and the construction of TCF Bank Stadium. Under terms of the amended agreement, pending approval from the University’s Board of Regents on Friday, TCF also has secured an option to extend its sponsorship and the naming rights for TCF Bank Stadium for another 10 years through 2040 season. Exercising this option includes a $4 million initial contribution to the University.
In recognition of TCF’s long-time support of Gopher Athletics, the University has agreed to place a field mark, denoting the stadium name, on the playing field and the TCF logo just outside the field of play. In addition, a newly designed logo will appear on stadium scoreboards and in other locations throughout the facility beginning in 2018.
“TCF has been an incredibly generous and supportive partner to our University and our athletics department for many years, and today’s announcement is another significant milestone in that partnership,” said Gopher Athletics Director Mark Coyle. “By contributing to Athletes Village, TCF is making a positive impact in the lives of every Gopher student-athlete and is helping our department fully fund this critical project through private contributions. I’m excited to continue our collaboration with TCF and keep the name of a great Minnesota company on TCF Bank Stadium, our community’s premier open-air sports and entertainment venue and one of the cornerstone facilities on our University’s Twin Cities campus.”
http://www.gophersports.com/genrel/090717aaa.html
In 2005, TCF entered into a 26-year, $35 million sponsorship agreement with the University to support Gopher Athletics and the construction of TCF Bank Stadium. Under terms of the amended agreement, pending approval from the University’s Board of Regents on Friday, TCF also has secured an option to extend its sponsorship and the naming rights for TCF Bank Stadium for another 10 years through 2040 season. Exercising this option includes a $4 million initial contribution to the University.
In recognition of TCF’s long-time support of Gopher Athletics, the University has agreed to place a field mark, denoting the stadium name, on the playing field and the TCF logo just outside the field of play. In addition, a newly designed logo will appear on stadium scoreboards and in other locations throughout the facility beginning in 2018.
“TCF has been an incredibly generous and supportive partner to our University and our athletics department for many years, and today’s announcement is another significant milestone in that partnership,” said Gopher Athletics Director Mark Coyle. “By contributing to Athletes Village, TCF is making a positive impact in the lives of every Gopher student-athlete and is helping our department fully fund this critical project through private contributions. I’m excited to continue our collaboration with TCF and keep the name of a great Minnesota company on TCF Bank Stadium, our community’s premier open-air sports and entertainment venue and one of the cornerstone facilities on our University’s Twin Cities campus.”
http://www.gophersports.com/genrel/090717aaa.html
