Current:Home > InvestPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -FundGuru
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-14 20:29:38
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! (34)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Health alert issued for ready-to-eat meats illegally imported from the Philippines
- Chris Sale, back in All-Star form in Atlanta, honors his hero Randy Johnson with number change
- Serena Williams & Alexis Ohanian Make Rare Red Carpet Appearance With Daughter Olympia at 2024 ESPYS
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Two Georgia football players arrested for speeding, reckless driving charges
- Don't let AI voice scams con you out of cash
- 'Actions of a coward': California man arrested in killings of wife, baby, in-laws
- Senate begins final push to expand Social Security benefits for millions of people
- New York law couldn’t be used to disarm reservist before Maine shooting, Army official says
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- How long should I walk my dog? And how often? Tips to keep your pup healthy.
- Nicolas Cage’s Son Weston Arrested for Assault With a Deadly Weapon
- Social Security recipients could see the smallest COLA increase since 2021. Here's what to expect.
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Computer hacking charge dropped against Miami OnlyFans model accused of killing her boyfriend
- Owner offers reward after video captures thieves stealing $2 million in baseball cards
- Nick Wehry responds to cheating allegations at Nathan's Hot Dog Eating Contest
Recommendation
South Korean president's party divided over defiant martial law speech
Amazon Prime Day presents opportunities for shoppers, and scammers too
Serena Williams Calls Out Harrison Butker at 2024 ESPYS
Horoscopes Today, July 11, 2024
What to watch: O Jolie night
The Esports World Cup, with millions at stake, is underway: Schedule, how to watch
Miracle dog found alive over 40 feet down in Virginia cave, lured out by salami
Home insurance costs — already soaring — are likely to keep climbing. Here's why.