A college basketball team gets its first car.
A baseball team gets one.
A football team got a new helmet.
A softball team got one.
And then there’s the football team.
According to the Charlotte Observer, the North Carolina State Panthers will use a $2 million loan from the University of North Carolina-Chapel Hill (UNC-Ch) to pay for the purchase of a Mercedes-Benz S550E Coupe.
It’s the first time a professional sports team has used a loan from an institution for a car purchase.
The car was previously used by the Carolina Panthers, who are currently playing in the Super Bowl.
The team also recently used a $1 million loan to purchase a car, a sports car for the Charlotte Hornets.
The loan from UNC-Ch comes with a $50,000 down payment and a 20-year term.
It also allows the university to use the money to make a purchase of the car at a dealership in Charlotte.
The school said it is “committed to the health, safety and well-being of our students and their families.”
The school’s announcement comes after a letter to the UNC-Charlotte board was sent to the school’s board of trustees by the school.
In the letter, UNC-C had raised concerns about the loan and had requested a meeting with the school to discuss the issues.
“In light of the recent events, including the cancellation of the football program, it is important that you have the opportunity to review the proposed loan and provide us with a full and thorough assessment of its potential impact on our student-athletes, the school community, and our university and the overall athletic community,” UNC-CH wrote.
The letter also asked for more information about the car, its condition and whether it would be loaned out for racing or other use.
The school also asked UNC-ch to provide the university’s financials.
UNC-Holland has a loan for the Mercedes-Benzes used by former North Carolina star quarterback Brad Johnson.
The Panthers were scheduled to play at NC State in the Rose Bowl last weekend.