Pitbull simply made a significant buy, shopping for the naming rights to Florida Worldwide’s soccer stadium (FIU).
On Tuesday morning (August 5), information surfaced that Mr. 305 was finalizing a multi-million-dollar deal. Based on ESPN, the FIU Board of Trustees authorised a five-year contract for the naming rights. Pitbull pays the college $1.2 million yearly for 5 years, with the choice to resume for an additional 5 years on the finish of the time period.
FIU Stadium will develop into Pitbull Stadium and reportedly the primary school athletics constructing named after a musician.
The outlet experiences the rapper and singer will breathe new life into the stadium with a recent anthem. Moreover, Pitbull is contractually obliged to put up in regards to the faculty on social media and attend at the very least one fundraiser yearly.
The deal additionally gives some perks for Pitbull, together with two non-public suites for residence video games. He may use the stadium on at the very least 10 days throughout the 12 months, and his vodka model, Voli 305, can be distributed within the stadium. Pitbull may also obtain the title “Official Entrepreneur of FIU Athletics.”
The college celebrated the brand new deal on Instagram, wishing Pitbull a heat welcome. “Mr. 305 is HOME,” the official FIU account wrote, asserting the newly topped Pitbull stadium.
“What we’re doing right here is groundbreaking. We’re making historical past. That is historical past within the making,” Pitbull advised ESPN.”You’re going to see that each different college goes to need to do the identical factor. However the distinction is, we don’t do that for propaganda, we do it from the guts. We do it as a result of it’s significant. We do it as a result of I’m from the crib. I’m 305. I’m from the underside. That is my yard.”
