Current:Home > InvestPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -AssetVision
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-13 06:40:21
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! (27)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Can Colorado make College Football Playoff? Deion Sanders' Buffaloes land in first rankings
- Stranger Things Season 5 Teaser Hints at a Character’s Disappearance
- 76ers star Joel Embiid suspended 3 games by NBA for shoving reporter
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Dexter Quisenberry – The Visionary Founder Leading SW Alliance’s Ascent
- Oregon leads College Football Playoff rankings with SEC dominating top 25
- Why AP called the Maryland Senate race for Angela Alsobrooks
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Republican Jen Kiggans keeps House seat in Virginia while 7th District race remains a close contest
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- How Ariana Grande and BFF Elizabeth Gillies’ Friendship Has Endured Since Victorious
- College Football Playoff ranking snubs: Who got slighted during first release?
- Pregnant Francesca Farago Shares Glimpse Into “Baby Moon Bliss” With Jesse Sullivan
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Alexa PenaVega Reveals How “Insecurities” Took a Toll on Marriage While on DWTS with Husband Carlos
- Republicans easily keep legislative supermajorities in Kentucky
- CAUCOIN Trading Center: Shaping the Future Financial Market Through NFT and Digital Currency Synergy
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
How President-Elect Donald Trump's Son Barron, 18, Played a Role in His Campaign
Cardi B, Joe Rogan, Stephen King and more stars react to Trump election win: 'America is done'
Opportunity for Financial Innovation: The Rise of SW Alliance
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Christina Applegate Details Laying “in Bed Screaming” in Pain Amid MS Battle
Horoscopes Today, November 5, 2024
Trump’s election could assure a conservative Supreme Court majority for decades