University of Arkansas in Final Stages of Deal With Coca-Cola, Students to Benefit Internship Opportunities & Scholarships
Categories: US Education News
The University of Arkansas (U of A), which is in negotiations with Coca-Cola to make the latter its exclusive non-alcoholic cold beverage sponsor and provider again, is almost closing the deal.In a media release, U of A says that the planned agreement becomes effective on July 1 and will run through a 10-year period, Erudera.com reports.After completion, the agreement with the Coca-Cola, according to the university, will include an initial fixed-length term and many annual renewal options that will run through June 2032.Interim Chancellor Charles Robinson expressed delight to have the opportunity to cooperate with the Coca-Cola Company and Ozarks Coca-Cola Bottling Company. He highlighted that the new agreement will benefit U of A students in the form of internship opportunities and student scholarships. Under the contract, the university will also recognize Coca-Cola as the exclusive beverage sponsor in different university athletic venues including the Donald W. Reynolds Razorback Stadium, Bud Walton Arena, Baum-Walker Stadium, Bogle Park, Barnhill Arena, and John McDonnell Field. At the same time, Coca-Cola company will be able to introduce its brand on campus through sponsored activities.Vice-Chancellor and Director of Athletics Hunter Yurachek praised the investment of Ozarks Coca-Cola and Coca-Cola Company for the future of the university.The total value of the U and A contract with Coca-Cola will be revealed once the deal is completely done.Coca-Cola was chosen to be the university’s exclusive cold beverage sponsor in a competitive selection process after presenting the best proposal.U of A collaborated with Coca-Cola even previously, with the company being the beverage provider for the university for many decades.Currently, the university has an agreement with PepsiCo that will end on June 30.