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The famous rapper Pitbull has acquired the naming rights for the FIU football stadium in Miami, which will now bear his name. As a result, 2.18 billion forints will be paid to the university over the next five years.
Pitbull, aka Armando Christian Perez, has done something great again! World-renowned performer Pitbull has reportedly purchased the naming rights to the FIU football stadium in Miami for the next five years, so the stadium will now be known as Pitbull Stadium, where the Miami Panthers play their home games. Athletic.
Pitbull will pay the university 436.8 million forints ($1.2 million) per year, for a total of 2.18 billion forints ($6 million) over five years. The contract can be extended for another five years.
The stadium renaming is more than just a name change
Pitbull added: “This is about inspiring communities, creating opportunities, and showing the world that with determination and a clear vision, anything is possible. We are making history together, and we’re just getting started. Why dream when you can live?”
As part of the settlement, Pitbull will create a school song, make 12 social media posts per year, and participate in one athletic fundraiser per year. In return, the rapper can use the stadium ten times per year for his own purposes. Additionally, his vodka company, Voli 305 Vodka, will become the stadium’s official beverage brand and will provide two reserved suites for all home games.
This is not the first time Pitbull has been involved in college sports this year. At the University of Texas, he performed at a large celebration held to commemorate the team’s entry into a new conference. At this event, Pitbull and another artist performed together for 221.84 million forints ($610,000).
Pitbull also co-owns Trackhouse Racing, where Daniel Suarez and Ross Chastain compete in the NASCAR Cup Series, and has interest in a new MotoGP team.
Florida International University (FIU) will spend HUF 16.48 billion ($45.3 million) on athletics in 2023, ranking 78th among the largest public athletic departments in the FBS league and 26th among the top five leagues. In comparison, the Panthers’ athletics revenue is only HUF 4.77 billion ($13.1 million).
(Cover photo: famous rapper Pitbull. Photo: Getty Images)
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