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Stock impact report

Louisville, L&N reach $41M stadium naming agreement [USA TODAY]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: USA TODAY
The 25-year-old, 60,800-seat stadium had been without a title sponsor since 2018, when the school dropped the name and logo of Louisville-based pizza chain Papa John's amid fallout from a report that founder John Schnatter used a racial slur during a company conference call. The University of Louisville Athletic Association agreed in October 2019 to pay Schnatter $9.5 million over five-plus years in a settlement to terminate naming rights. A final $2 million payment is due this summer. Louisville athletic director Josh Heird said during a news conference on Monday that the school had talked with local, regional and national companies before realizing L&N could be interested. Heird added, “This is one of those stories that sometimes what you're looking for is right under your nose. ... Fortunately for us, when the conversation was had, they didn't say no.” L&N's name is already on the nearby home arena for Louisville's women's volleyball and Denny Crum Hall, a dormitory that ope Show less Read more
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