Current:Home > MarketsPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -Quantum Capital Pro
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-23 07:27:22
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! (297)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Most Agribusinesses and Banks Involved With ‘Forest Risk’ Commodities Are Falling Down on Deforestation, Global Canopy Reports
- Charting a Course to Shrink the Heat Gap Between New York City Neighborhoods
- Amazon pauses construction in Virginia on its second headquarters
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Inside Clean Energy: Explaining the Crisis in Texas
- The value of good teeth
- Over $30M worth of Funkos are being dumped
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- SEC Proposes Landmark Rule Requiring Companies to Tell Investors of Risks Posed by Climate Change
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Microsoft's new AI chatbot has been saying some 'crazy and unhinged things'
- Indigenous Land Rights Are Critical to Realizing Goals of the Paris Climate Accord, a New Study Finds
- In a Major Move Away From Fossil Fuels, General Motors Aims to Stop Selling Gasoline Cars and SUVs by 2035
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Shein lawsuit accuses fast-fashion site of RICO violations
- How to prevent heat stroke and spot symptoms as U.S. bakes in extreme heat
- For the first time in 2 years, pay is growing faster than prices
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
As a Senate Candidate, Mehmet Oz Supports Fracking. But as a Celebrity Doctor, He Raised Significant Concerns
Microsoft's new AI chatbot has been saying some 'crazy and unhinged things'
Why some Indonesians worry about a $20 billion climate deal to get off coal
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
See Landon Barker's Mom Shanna Moakler Finally Meet Girlfriend Charli D'Amelio in Person
Why does the Powerball jackpot increase over time—and what was the largest payout in history?
Exploring Seinfeld through the lens of economics