The Charlotte 49ers' new 15,300-seater football stadium will be named after Carolina Panthers owner Jerry Richardson after his generous $10million donation to the university programme.
Construction on the Jerry Richardson Stadium was completed in October 2012, with Charlotte set to begin play this fall as an FCS independent, before later joining Conference USA in 2015.
Phillip Dubois, the Charlotte Chancellor, praised Richardson for his bountiful gesture, saying that the NFL tycoon "knows that football can bring the students and the city of Charlotte together, and that he wanted to be among the first to stand up and state the programme's importance".
Richardson had previously partnered with Bank of America chairman Hugh McColl to name the playing surface the McColl-Richardson Field, but now has exclusive naming rights to the stadium.
In addition to the $10million dollar gift to name the stadium, Richardson surprised the university by announcing an additional offering – an endowed football scholarship in honour of his son, Jon Richardson.
This is the 49ers' first endowed scholarship restricted to football.
Charlotte will officially open the Jerry Richardson Stadium on August 31, when the university hosts Campbell in its inaugural football game.