JMI Sports Secures Lucrative Marketing Rights to University of Kentucky Athletics
By Community | June 23, 2014
JMI Sports has secured lucrative multimedia marketing rights over University of Kentucky’s athletics and campus in a new 15-year, $210 million agreement.
“This partnership reflects the fact that the University of Kentucky is a national brand with the largest and most loyal fan base in all of intercollegiate athletics,” UK Athletics Director Mitch Barnhart said. “The size of this partnership – and our partnership with an emerging force in college sports in JMI Sports – will enable us to maintain and grow as one of the country’s few financially self-sustaining programs, allowing us to continue to provide incredible educational opportunities to more than 450 young men and women as well as continue to partner with the university in unique and distinctive ways.”
“It is critically important that our athletic program remain not only financially self-sustaining, but is also positioned to continue to be an aggressive partner in our academic efforts,” University of Kentucky President Eli Capilouto said. “Nowhere else in the country is an athletics program more essential to building a thriving public, residential, research university. This partnership with JMI Sports helps ensure those contributions are strengthened.”
Last year, Capilouto and Barnhart announced the UK athletics department was paying for $65 million of a more than $100 million Academic Science Building – an unprecedented partnership between academics and athletics in American higher education.
JMI Sports is an innovator in sales, marketing, and project management services to universities and professional teams. Kentucky will be JMI Sports’ first client for which it will serve as its multimedia rights holder, but its leadership has substantial experience in sports business.
“We are delighted to be partnering with the University of Kentucky,” Moores said. “Erik, Tom and I would like to thank President Capilouto, Mitch Barnhart and the entire UK administration for the confidence they have placed in JMI Sports. We are enthusiastic supporters of higher education, recognizing the many important roles these institutions play in our society. We look forward to working with UK to build the most innovative and successful multi-media venture in the country.”
JMI Sports’ college clients include the Southeastern Conference, Alabama, North Carolina, Oregon, Auburn, Colorado, Duke, Syracuse and many more.
“We are very impressed with JMI Sports and excited to begin working with them,” Barnhart said. “Their work with many of our peers in college athletics and the experience of their team will make them an excellent long-term partner for UK Athletics and a valued part of the Big Blue Nation.”