Daily Independent (Ashland, KY)

Local Sports

June 23, 2014

Stultz, JMI Sports broker $210M deal with UK

(Continued)

LEXINGTON —

“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.

The company was founded in 2006 by developer and philanthropist John Moores and Chief Executive Officer Erik Judson. Moores is the former owner and chairman of the San Diego Padres and Judson has experience managing major sports development projects, including the Padres’ Petco Park and the University of Oregon’s Matthew Knight Arena. Stultz formerly served as senior vice president and managing director of IMG College’s multimedia rights 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.

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