Kennesaw State’s $5 million sponsor is Fifth Third Bank.
An unnamed sponsor was referenced in documents given to the Board of Regents on Wednesday before they approved the $100-per-semester fee increase that will underwrite the Owls’ new football program, which will start in 2015.
The agreement is for 10 years and gives Fifth Third Bank naming rights to KSU Stadium, where the football team will play. The bank, which entered the Georgia market in 2008, will also receive sponsorship recognition at the KSU Convocation Center, Bailey Field and Stillwell Stadium, in addition to being the “official bank of Kennesaw State.”
The sponsor was officially named at a press conference at the school Thursday afternoon.
In the documents given to the Regents, KSU listed a $500,000 annual gift under "naming rights" as part of its revenues from its 2014 fiscal year until its 2018 fiscal year.