Siegel, a walk-on basketball and baseball player for the Illini in the 1980s, and the Sholem family have put together a group of investors called Alpha Custard Cup to purchase the assets of the eatery from Doug and Christy Jarling.
He said the group of investors includes former Illini basketball coach Bruce Weber, former Illini football coach Ron Turner, former Illini quarterback Kurt Kittner and former Illini offensive tackle Tony Pashos..
