Current:Home > FinancePitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -FutureFinance
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-25 09:43:51
Pitbull’s collaborations in the music world helped turn him into a Grammy Award-winning international superstar and entrepreneur, but his latest partnership represents a groundbreaking foray into college sports.
Florida International announced Tuesday during a news conference that it is renaming its football stadium “Pitbull Stadium” for the next five seasons in what’s believed to be an unprecedented sponsorship arrangement between a university and a celebrity.
REQUIRED READING:Georgia tops preseason college football poll. History says it likely won't finish No. 1
The five-year deal is worth $6 million — Pitbull will pay the school $1.2 million annually and has an option to extend the contract an additional five years — according to ESPN. It includes Pitbull’s purchase of the naming rights to the stadium, the sale of Pitbull’s Voli 305 Vodka at FIU games, use of the venue for 10 days each year, an FIU anthem created by Pitbull, the title of “official entrepreneur of FIU athletics” and other promotional and fundraising perks.
The facility, formerly known as FIU Stadium, has a seating capacity of 20,000 and opened in 1995. FIU athletic director Scott Carr said it’s the first time an athletics venue will be named after a musician. The arrangement was formally approved by the FIU Board of Trustees on Tuesday.
“What we’re doing here is groundbreaking. We’re making history. This is history in the making,” said Pitbull, whose real name is Armando Perez. “You’re going to see every other university wants to do the same thing. But the difference is we don’t do this for propaganda. We do it from the heart. We do it because it’s meaningful. We do it because I’m from the crib. I’m 305. This is my backyard.”
REQUIRED READING:College football season outlooks for Top 25 teams in US LBM preseason coaches poll
The singer and rapper — known as “Mr. 305” because of his Miami upbringing — acknowledged that he didn’t attend FIU, nor did he graduate from high school, but that he has ties to the school through “people that I love dearly.” He also emphasized that investing in education has become one of his passions.
“I want to say thank you to FIU for believing in me and believing in this movement,” Pitbull said.
FIU football will host its first game at Pitbull Stadium on Sept. 7 against Central Michigan.
veryGood! (72244)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- If Pat McAfee is really Aaron Rodgers' friend, he'll drop him from his show
- South Carolina Republicans back trans youth health care ban despite pushback from parents, doctors
- Federal judge says Alabama can conduct nation’s 1st execution with nitrogen gas; appeal planned
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Acupuncture is used to treat many conditions. Is weight loss one?
- Acupuncture is used to treat many conditions. Is weight loss one?
- At CES 2024, tech companies are transforming the kitchen with AI and robots that do the cooking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Mega Millions January 9 drawing: No winners, jackpot climbs to $187 million
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto
- Alabama coach Nick Saban retiring after winning 7 national titles, according to multiple reports
- Elderly couple found dead after heater measures over 1,000 degrees at South Carolina home, reports say
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Boston reaches $2.4 million settlement with female police commander over gender discrimination case
- How to make an electronic signature: Sign documents from anywhere with your phone
- Longest currently serving state senator in US plans to retire in South Carolina
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Bears fire OC Luke Getsy, four more assistant coaches in offensive overhaul
Ronnie Long, Black man wrongfully convicted and imprisoned for 44 years, gets $25 million settlement and apology from city
Court sends case of prosecutor suspended by DeSantis back to trial judge over First Amendment issues
2025 'Doomsday Clock': This is how close we are to self
Christie ends his presidential bid in an effort to blunt Trump’s momentum before Iowa’s GOP caucuses
Tennessee governor, music leaders launch push to protect songwriters and other artists against AI
How to make an electronic signature: Sign documents from anywhere with your phone
Like
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- From snow squalls to tornado warnings, the U.S. is being pummeled with severe storms this week. What do these weather terms mean?
- Bernice King says mother Coretta Scott King 'wasn't a prop' after Jonathan Majors comments