Current:Home > InvestPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -WealthX
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-14 01:06:41
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! (96735)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Avalanche kills seven tourists near Himalayan beauty spot in India
- How 'Chaos' In The Shipping Industry Is Choking The Economy
- Pope Francis to be hospitalized for several days with respiratory infection, Vatican says
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Seal Praises Daughter Leni's Humility as She Follows in Her Mom Heidi Klum's Modeling Footsteps
- Why Beauties Everywhere Love Lady Gaga's Haus Labs Makeup
- Vanderpump Rules' Ariana Madix Encourages Raquel Leviss to Make Mistakes in Must-See Preview
- Current, future North Carolina governor’s challenge of power
- Shop Coach Outlet's Heart Cherry Handbags on Sale for the Perfect New Spring Accessory
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Vanderpump Rules' Lala Kent Says She'd Never Trust Raquel Leviss Around Her Man in New Teaser
- RHOSLC's Jen Shah Recalls Horrible Nightmare Moments Before Entering Prison
- Where No Plywood Has Gone Before: A Space Agency Will Launch A Tiny, Wooden Satellite
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Shop Coach Outlet's Heart Cherry Handbags on Sale for the Perfect New Spring Accessory
- Don't Know What to Pack for a Staycation? Here Are 12 Essentials You Need for the Perfect Weekend Away
- Boost Your Skin’s Hydration by 119% And Save 50% On This Clinique Moisturizer
Recommendation
Meta donates $1 million to Trump’s inauguration fund
How Stuff Gets Cheaper (Classic)
Blinken says he spoke to Russia's top diplomat about arrested American journalist
King Charles III's coronation invitation shows new title for Queen Camilla
Intel's stock did something it hasn't done since 2022
Clear Up Your Acne and Save 42% On These Sunday Riley Skincare Top-Sellers
Tiger Woods' Ex-Girlfriend Erica Herman Sues Golfer's Trust for $30 Million After Breakup
Ex-principal of Australian Jewish girls school convicted of sexually abusing students after extradition from Israel