Current:Home > FinancePitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -Trailblazer Capital Learning
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-12 12:21:18
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! (4818)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- NBC's hospital sitcom 'St. Denis Medical' might heal you with laughter: Review
- SNL's Chloe Fineman Says Rude Elon Musk Made Her Burst Into Tears as Show Host
- The White Stripes drop lawsuit against Donald Trump over 'Seven Nation Army' use
- Former Danish minister for Greenland discusses Trump's push to acquire island
- 'We suffered great damage': Fierce California wildfire burns homes, businesses
- Britney Spears Reunites With Son Jayden Federline After His Move to Hawaii
- Mike Tyson emerges as heavyweight champ among product pitchmen before Jake Paul fight
- Intel's stock did something it hasn't done since 2022
- Joel Embiid injury, suspension update: When is 76ers star's NBA season debut?
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- John Robinson, successful football coach at USC and with the LA Rams, has died at 89
- Apologetic rapper Tekashi 6ix9ine gets 45 days in prison for probation violations
- Queen Bey and Yale: The Ivy League university is set to offer a course on Beyoncé and her legacy
- Stamford Road collision sends motorcyclist flying; driver arrested
- Sister Wives’ Christine Brown Shares Glimpse Into Honeymoon One Year After Marrying David Woolley
- Megan Fox Is Pregnant, Expecting Baby With Machine Gun Kelly
- 'Gladiator 2' review: Yes, we are entertained again by outrageous sequel
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Brands Our Editors Are Thankful For in 2024
Georgia House Republicans stick with leadership team for the next two years
Police capture Tennessee murder suspect accused of faking his own death on scenic highway
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Should Georgia bench Carson Beck with CFP at stake against Tennessee? That's not happening
Brittany Cartwright Defends Hooking Up With Jax Taylor's Friend Amid Their Divorce
Indiana man is found guilty of murder in the 2017 killings of 2 teenage girls