Current:Home > StocksPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -EverVision Finance
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-11 22:39:01
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! (67427)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- Michigan county can keep $21,810 windfall after woman’s claim lands a day late
- Asteroid Apophis has the tiniest chance of hitting earth in 2029 – on a Friday the 13th
- Nevada is joining the list of states using Medicaid to pay for more abortions
- 2025 'Doomsday Clock': This is how close we are to self
- Teen Mom's Jenelle Evans Reacts After Son Jace Says He Feels Safer Without Her Ex David Eason
- Asteroid Apophis has the tiniest chance of hitting earth in 2029 – on a Friday the 13th
- Ariana Grande's Boyfriend Ethan Slater Finalizes Divorce From Lilly Jay
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Tyreek Hill's attorney says they'll fight tickets after Miami police pulled Hill over
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Ballerina Michaela DePrince Dead at 29
- Michigan’s Greg Harden, who advised Tom Brady, Michael Phelps and more, dies at 75
- Boar’s Head closing Virginia plant linked to deadly listeria outbreak
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Dancing With the Stars' Artem Chigvintsev Responds to Nikki Garcia’s Divorce Filing
- Garth Brooks to end Vegas residency, says he plans to be wife Trisha Yearwood's 'plus one'
- Georgia’s governor says a program to ease college admission is boosting enrollment
Recommendation
The White House is cracking down on overdraft fees
Lil Tay's Account Says She's Been Diagnosed With a Heart Tumor One Year After Death Hoax
A cat named Drifter is safe after sneaking out and getting trapped in a sewer for nearly 8 weeks
Trump Media stock jumps after former president says he won’t sell shares when lockup expires
A South Texas lawmaker’s 15
Pittsburgh proposes a $500,000 payment to settle bridge collapse lawsuits
Megan Rapinoe wants Colin Kaepernick to play flag football in 2028 LA Olympics
Lawsuit alleges plot to run sham candidate so DeSantis appointee can win election