Overview
- The $100 million contribution is the largest in Illinois athletics history, the university announced Tuesday.
- The football venue, which turned 100 years old in 2024, was originally dedicated to U.S. service members.
- Larry Gies is the founder and CEO of Madison Industries and previously donated $150 million to name the university’s business school.
- The announcement comes as schools implement the House v. NCAA settlement that allows revenue sharing with athletes, with this year’s cap reported at $20.5 million.
- Illinois teams have recent momentum, including football’s No. 9 AP ranking after a 10-win 2024 season and sustained success in men’s and women’s basketball.