Latest news with #DavidBooth
Yahoo
2 days ago
- Automotive
- Yahoo
West Virginia athletic department agrees to partnership with local mulch company
On the same day Kansas received a record-breaking $300 million donation, one of the Jayhawks' Big 12 counterparts secured a deal of its own. West Virginia has agreed to a multi-year partnership with Grant County Mulch that makes the company the official mulch supplier of the Mountaineers' athletic department, the university announced August 13. Based in Petersburg, West Virginia, about 90 miles southeast of West Virginia's Morgantown campus, Grant County Mulch is the largest bulk mulch supplier in the country, according to the Mountaineers' release. REQUIRED READING: Kansas receives record-setting $300 million gift from donor David Booth As part of the newly inked and undeniably unique agreement — after all, how many colleges have an official mulch supplier? — Grant County Mulch will be racing a West Virginia-themed truck in the NASCAR Craftsman Truck Series at the Richmond Raceway in Virginia on August 15. The truck is owned by CR7 Motorsports and will be driven by Grant Enfinger. Beyond the company's logo being displayed on LED boards at football and basketball games, as well as on the outfield wall at baseball games, the Mountaineers' post-game radio show for football and men's basketball will award a 'Tough as Mulch' player of the game. Financial terms of the deal were not disclosed. "Both of us — and our parents — were born and raised in West Virginia, so this partnership means more than business to us," Larry and Janie Berg, founders of Grant County Mulch, said in a statement. "It's about honoring our roots, supporting our home state, and being part of something that represents the pride and spirit of West Virginians everywhere." This article originally appeared on USA TODAY: West Virginia agrees to partnership with local mulch company
Time of India
3 days ago
- Business
- Time of India
This man just gave KU $300 million, the largest gift in school history. Who exactly is David Booth? Here's his story
David Booth , an alumnus of the University of Kansas , has given the school an amazing $300 million donation. This is one of the biggest single gifts in the history of college sports. This record-breaking donation will change the future of Kansas football and help the school's entire athletic program in the long term. The money will be used to make the Jayhawks ' football facilities better and help the school's sports programs grow in the future. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program This unprecedented funding will help speed up renovations to the stadium and create new sources of income, taking Kansas college sports to a whole new level. It also makes David Booth one of the most important people at the university in recent history, as per a report by ESPN. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Family Adopted A New 'Dog', But When The Vet Sees It He Calls The Police Undo ALSO READ: Every iPhone 17 model gets upgrades — here's the full breakdown and what's new across every model How will this change Kansas Football? Live Events Kansas will use $75 million from Booth's gift to pay for the second phase of renovations at David Booth Kansas Memorial Stadium. This phase will focus on making improvements to the east side of the stadium. Construction is set to start after the 2025 football season. The improvements will come after the first phase of the Gateway District project, which cost $450 million and included major upgrades to the Anderson Family Football Complex and the southwest, west, and north sections of the stadium, as per a report by ESPN. The Jayhawks will play their first home game in the new stadium on August 23, 2025, against Fresno State. This will happen after Phase 1 is over. For the time being, home games will be played in the Kansas City area during the 2024 season, as per a report by ESPN. ALSO READ: Orca attack mystery: What really happened to marine trainer Jessica Radcliffe What makes David Booth's gift so important? David Booth, who is from Kansas and started Dimensional Fund Advisors, has been a supporter of KU for a long time. He gave $50 million in 2017 to start renovations on the century-old Memorial Stadium, which is now named after him. But this new $300 million donation takes his legacy to a whole new level. Travis Goff, the athletic director, said, "This gift has a huge effect on our top priority right away, and it also gives us an amazing source of income that lets us invest in new ways in the future of Kansas athletics,' as per a report by ESPN. Booth called the gift an investment in the community that made him who he is, "Philanthropy, like investing, pays off over time." Each gift adds up, making chances not just for today, but for years to come. What will happen in the Gateway District? Besides making the stadium better, Phase 2 of the Gateway District will bring a huge redevelopment to the east of the stadium. Plans call for a new hotel, an outdoor event plaza, student housing, stores and restaurants, and more parking. The Lawrence City Commission has approved a $94 million package of financial and tax incentives to help pay for this phase, which is expected to cost $360 million, as per a report by ESPN. The university sees the Gateway District as more than just a sports project. It's a plan for a lively hub near campus that will help students, fans, and the Lawrence community as a whole, as per a report by ESPN. With the stadium renovation and the Gateway District expansion coming up, this gift puts KU in a better position to compete in terms of facilities, fan experience, and financial stability. It's a real game-changer for the Jayhawks. FAQs Who gave $300 million to Kansas Athletics? David Booth, a KU alumnus and investor, made the record-breaking gift. How will the money be used? $75 million is allocated to stadium renovations, with the remainder funding ongoing athletic revenue.
Yahoo
3 days ago
- Business
- Yahoo
Kansas receives $300 million gift from donor
Yahoo Sports' Jason Fitz and Caroline Fenton discuss the news that the Jayhawks received one of the largest single gifts in college sports history. View more Video Transcript Kansas Athletics have gotten a $300 million donation from David Booth. So, uh, that's a massive, massive donation for them, believed to be among the largest single gifts in the history of college athletics and it's huge. Lance Leipold, in full disclosure, is a close friend of mine, the head coach of the University of Kansas football team to watch the transformation that that program is gone under, uh, gone through under somebody that I just consider to be a great man, is really incredible. There was a moment where Kansas football was wildly irrelevant and there were questions about whether or not they should even play games, Carolina. Now, not only have they become a contender, a, an annual contender, this donation is going to set them up to begin to continue that next step. 100%. We had Andy Staples on the show yesterday, which, of course, you could find on the Yahoo Sports YouTube page. And we talked about, you know, in 2021, when NIL became legalized, there was so much fear about, well, the big are only going to get bigger. The Alabamas, the Ohio States, the Texases that have so much money, they're only going to get better. And Andy Staples said, Well, those people are idiots, um, because that's not how that works. And we have schools like Kansas that don't really have any sort of history or not a very strong program. They're a Blue Blood basketball program. They're not a football school. We have schools like Kansas that have very wealthy and dedicated alumni like David Booth here, and I don't even know who David Booth is. Looks like he's an American businessman, yes. Oh, American businessman. OK, well, there you go. That is detailed. Um, but I've just looked him up, it says he has a, a net worth of $2 billion, don't we all? Um, that would be great. But we now have programs like Kansas that have wealthy and passionate alumni that say, hey, I want my team to be good. And money doesn't necessarily equal championships. I think we have several examples of that. But Ohio State invested $30 million into their roster last year and they did what? They won a national championship. So money can equal success in college football. So good. Kansas with $300 million worth of playing money. I don't even know what I would do with that. Uh, some fun money there, but good for Kansas and in the Big 12 with Texas Tech. It has said we have zero price tag. Give us all the money that you possibly can. And for a school like Colorado that has been resurrected in the NIL era, that, you know, that conference all of a sudden just got really, really interesting. Yeah, by the way, uh, it, it's been pointed out, uh, Michael Farb, our great producer, got us this nugget. He's the chairman of Dimensional Fund Advisors. So, uh, there we go, uh, Chairman of Dimensional Fund Advisors. Close
Fox Sports
3 days ago
- Sport
- Fox Sports
David Booth's $300 Million Gift to Kansas: How it Will Transform Stadium, More
College Football David Booth's $300 Million Gift to Kansas: How it Will Transform Stadium, More Published Aug. 13, 2025 11:49 a.m. ET share facebook x reddit link Kansas has received a $300 million gift from donor David Booth, the largest in school history and believed to be among the richest in the history of college sports. Booth, a graduate of Lawrence High School and KU, already has his name on the football stadium. Kansas was expected to allocate $75 million toward the next phase of the renovation of the David Booth Kansas Memorial Stadium and additional construction of the surrounding area, called the Gateway District. Kansas athletic director Travis Goff said the remainder of the gift was expected to generate a stream of income for the athletic department that could last for generations. "There is no more generous and impactful Jayhawk, and we are so fortunate to call him a friend and mentor," Goff said. The Gateway District's next phase was expected to add a hotel, additional retail and restaurant spaces, student housing, improved parking and an outdoor event plaza. Booth is founder of global investment firm Dimensional Fund Advisors, which managed $853 billion in assets as of June 30. The longtime benefactor made a $50 million pledge in 2017 to help with the overhaul of the football stadium, which at the time was the largest donation in KU history. He has given several other financial gifts to the university, including $4.3 million to buy and donate James Naismith's original rules of basketball. "KU and Lawrence are a big part of my story, and it means a lot to support the community that invested in me," Booth said. "Philanthropy, like investing, pays dividends over time." The Kansas football team played six games last season in the Kansas City area while the stadium underwent renovations. The Jayhawks are set to play their first game at Memorial Stadium on Aug. 23 against Fresno State. ADVERTISEMENT Reporting by The Associated Press. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account, and follow leagues, teams and players to receive a personalized newsletter daily! FOLLOW Follow your favorites to personalize your FOX Sports experience College Football Big 12 Kansas Jayhawks What did you think of this story? share
Economic Times
3 days ago
- Business
- Economic Times
Kansas University receives $300 million record-breaking surprise from David Booth, among largest gifts in college sports
Synopsis The University of Kansas has received a monumental $300 million donation from alumnus David Booth, marking one of the largest gifts in collegiate athletics history. $75 million of the gift will kickstart the second phase of the $448 million renovation of the Jayhawks' football stadium and the adjacent Gateway District. David Booth, a graduate of both Lawrence High School and KU, is an investing legend and founder of Dimensional Fund Advisors The University of Kansas announced Wednesday it received one of the largest single gifts in the history of college athletics. Kansas has received a $300 million gift from donor David Booth, the largest in school history and believed to be among the richest in the history of college sports, according to news agency Associated Press. The 300 million gift from David Booth comes just days before the Kansas Jayhawks football season's kickoff against Fresno State on August Booth, a graduate of both Lawrence High School and KU, is an investing legend and founder of Dimensional Fund Advisors — a global investment firm that manages $853 billion in assets as of June 30, 2025. He already has his name on the football that $300 million, $75 million will go toward launching the second phase of a $448 million overhaul of the Jayhawks' football stadium and the abutting Gateway District, a multi-use development planned next to the stadium that includes a new hotel, retail and restaurant spaces, student housing, parking and an outdoor event plaza. Of that $300 million, $75 million will go toward launching the second phase of a $448 million overhaul of the Jayhawks' football stadium and the abutting Gateway District, a multi-use development planned next to the stadium that includes a new hotel, retail and restaurant spaces, student housing, parking and an outdoor event plaza. Kansas athletic director Travis Goff said the remainder of the gift was expected to generate a stream of income for the athletic department that could last for generations. 'There is no more generous and impactful Jayhawk, and we are so fortunate to call him a friend and mentor,' Goff said.
