Wednesday, October 18, 2006

University of Phoenix stadium

Although it is the largest private university in the United States, I don't think the University of Phoenix has any sports teams. It's not that kind of university -- the students are primarily working adults and many of the courses are online. So it seemed strange during the Arizona Cardinals game tonight when the announcer kept saying "University of Phoenix" stadium. It turns out that the U. of Phoenix bought the naming rights last month to the stadium for 20 years, just like Fedex Orange Bowl and PacBell/AT&T Park.

Bidwill said, "When you look at University of Phoenix, that's what they're really about: They're about technology and improving people's lives. It's a very good, wholesome product, and we're proud to be associated with it."

The school's founder, John Sperling, is considered a pioneer in for-profit education and online education, although the school does have its share of critics, especially among traditional educators. Apollo also has had its share of challenges the past two years, the most recent of which is an investigation into its stock-option grants.



The naming rights cost $7.7 million a year for each of the 20 years of the deal.


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