Current:Home > MarketsPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -Edge Finance Strategies
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-18 17:14:00
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! (81)
Related
- Rylee Arnold Shares a Long
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- A White House order claims to end 'censorship.' What does that mean?
- See you latte: Starbucks plans to cut 30% of its menu
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- South Korean president's party divided over defiant martial law speech
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Trump invites nearly all federal workers to quit now, get paid through September
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Travis Hunter, the 2
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
A South Texas lawmaker’s 15
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
The Super Bowl could end in a 'three
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
The company planning a successor to Concorde makes its first supersonic test
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Stamford Road collision sends motorcyclist flying; driver arrested