In the future, JQH Arena might not be known as "The Q" anymore. That's because, pending court approval, Missouri State University and JD Holdings, Inc. reached "an amicable agreement" last week. It pertains to the university's claim against the company for the remainder owed to MSU for the naming rights to the arena.
Under the terms of the settlement, JD Holdings will pay the university an additional $8.4 million. The company paid MO State $1.8 million in May 2018.
MSU has received a total of $24.4 million in payments from the Revocable Trust of John Q. Hammons in exchange for the naming rights. The balance of the trust's payment obligation tranferred to JD Holdings in May after a bankruptcy settlement.
MSU President Clif Smart said he's "optimistic that between the settlement and the resale of the naming rights, the university will recoup the amount still owed."
