UofL, L&N Federal Credit Union reach deal on Cardinal Stadium naming rights

UofL, L&N Federal Credit Union reach deal on Cardinal Stadium naming rights
Published: Jan. 30, 2023 at 12:57 PM EST
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LOUISVILLE, Ky. (WAVE) - The University of Louisville football team’s home stadium has a new sponsor and a new name as of Monday afternoon.

Cardinal Stadium’s official naming rights will go to L&N Federal Credit Union, with the official title of the stadium to become L&N Federal Credit Union Stadium.

The decision was reached on Monday afternoon during a Board of Trustees meeting.

According to a release, the deal is a 20-year, $41 million commitment giving L&N Federal Credit Union the naming rights until 2042.

“We are thrilled and honored to have this opportunity to partner with the University of Louisville,” L&N’s CEO/President Chris Brown said in a release. “We are proud to have the L&N name on the stadium as a visible sign of our commitment to the Louisville community and the University. L&N has been a long-standing partner with the University and, ironically, the credit union had its start on the same site as the stadium in 1954.”

Cardinal Stadium had previously been titled the Papa John’s Cardinal Stadium before the university pulled the sponsorship back in 2018, following controversy from the restaurant’s former owner John Schnatter.

L&N Federal Credit Union also has naming rights for UofL’s home volleyball arena, the L&N Federal Credit Union Arena, after committing $2 million to the university’s athletics program in 2019.

This is a developing story.