DEAL ACCEPTED: Legendary Indiana Hoosiers Player Steve Alford Resurfaces as Co-Owner Indiana Hoosiers owners Family has made the historic announcement that legendary Steve Alford, who has long been associated with the team, would rejoin the team as a co-owner in 2025……Read more 👇

DEAL ACCEPTED: Legendary Indiana Hoosiers Player Steve Alford Resurfaces as Co-Owner Indiana Hoosiers owners Family has made the historic announcement that legendary Steve Alford, who has long been associated with the team, would rejoin the team as a co-owner in 2025……Read more 👇

In a landmark decision that has thrilled Indiana basketball fans across generations, the Indiana Hoosiers ownership group has announced that legendary former player Steve Alford will officially rejoin the team — this time as co-owner. The move marks a full-circle moment for Alford, who carved his name into Hoosiers history as a star guard under Coach Bob Knight and led the team to a national championship in 1987.

The ownership family called the decision “historic and deeply meaningful,” citing Alford’s lifelong connection to the program and unwavering support over the decades. “Bringing Steve back in this capacity is about more than basketball. It’s about legacy, loyalty, and leadership,” the family said in a statement.

Alford, who has spent decades in the coaching ranks since his playing days, expressed his pride in returning home. “Indiana basketball is in my blood. To come back not just as a former player, but now as part of the ownership group — it’s humbling and exciting. I’m committed to building the future of this storied program.”

Fans and alumni are already celebrating the move, hailing it as a bold, emotional step toward honoring the Hoosiers’ rich heritage.