Current:Home > MarketsPitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium -Wealth Legacy Solutions
Pitbull Stadium: 'Mr. Worldwide' buys naming rights for FIU football stadium
View
Date:2025-04-18 20:54:53
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! (24)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Kelly dominates on mound as Diamondbacks bounce back to rout Rangers 9-1 and tie World Series 1-all
- King Charles III seeks to look ahead in a visit to Kenya. But he’ll have history to contend with
- What is a walking school bus? Hint: It has no tires but lots of feet and lots of soul
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Less boo for your buck: For the second Halloween in a row, US candy inflation hits double digits
- Manhunt for Maine shooting suspect Robert Card prompts underwater searches
- San Diego ranks as most expensive US city with LA and Santa Barbara in the top five
- This was the average Social Security benefit in 2004, and here's what it is now
- Former Vice President Mike Pence ends campaign for the White House after struggling to gain traction
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- UAW reaches tentative deal with Chrysler parent Stellantis to end 6-week strike
- Maine's close-knit deaf community loses 4 beloved members in mass shooting
- Live updates | Palestinian officials say death toll rises from expanded Israel military operation
- Sonya Massey's father decries possible release of former deputy charged with her death
- A man is arrested in a deadly double shooting near a Donaldsonville High football game
- Man charged in killing of Nat King Cole’s great-nephew
- How many muscles are in the human body? The answer may surprise you.
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Live updates | Israeli military intensifies strikes on Gaza including underground targets
UAW and Stellantis reach tentative contract agreement
Gwyneth Paltrow Reflects on Magical Summer Romance With Matthew Perry in Moving Tribute
Arkansas State Police probe death of woman found after officer
Colorado DB Shilo Sanders ejected after big hit in loss to UCLA
Here's what Speaker Mike Johnson says he will and won't bring to the House floor
Thousands rally in Pakistan against Israel’s bombing in Gaza, chanting anti-American slogans