Nanne Leads Fundraising For U Of M Sports Facilities Project

Lou Nanne will lead fundraising efforts for $190 million in upgrades at U of M sports facilities; TCB recently reported on the school’s ambitious plans.

Lou Nanne—a Minnesota Gopher’s Athletic Hall of Famer and senior managing director at Minneapolis-based RBC Global Asset Management—has been tasked with raising funds to upgrade University of Minnesota sports facilities.

The school recently announced that Nanne will lead fundraising efforts for a $190 million plan to build new Gopher football and basketball practice facilities, a “student-athlete academic and counseling center, nutrition and training tables, Olympic sports facilities, and other training and support needs for the University’s athletic programs.”

In a recent feature story, Twin Cities Business took an in-depth look at the aggressive new culture of University of Minnesota sports—including the people, and the numbers, behind the school's athletic programs.

Norwood Teague, who was hired in April 2012 to replace Joel Maturi as director of athletics for the University of Minnesota, unveiled his $190 million plan for facility upgrades earlier this year. Read more here.

Nanne recently spoke to TCB about a rumor that the Minnesota Wild lost $30 million. In addition to heading up the university’s financing campaign, he will “lead a new volunteer leadership council that will assist the University Athletic Department in meeting the needs of its student-athletes, coaching staffs, and athletic programs on a consistent basis,” the school said.

Nanne assumed his new responsibilities this week, and there is no set term tied to his volunteer leadership role.