Saint Augustine’s University (SAU) is thrilled to announce a groundbreaking strategic partnership with 50 Plus 1 Sports, showcasing its dedication to fostering innovation and strengthening ties with the vibrant Raleigh community.

“This agreement marks a pivotal moment for SAU as we embrace a bold vision for future growth,” said Brian Boulware, Chairman of the SAU Board of Trustees. “We are excited to collaborate with 50 Plus 1 Sports, a proactive and dynamic partner, and it’s team of global investment partners, to deliver long-lasting benefits to our students, faculty, and the amazing Raleigh community. Together, we’re building a future that solidifies SAU’s role as a cornerstone of this city.”

The collaboration, formalized through a Letter of Intent signed on November 17, 2024, reflects a forward-thinking investment in SAU’s growth. This partnership is expected to generate an impressive $70 million, along with additional future revenues, fueling the University’s mission and creating transformative opportunities that extend throughout the Raleigh area.

“We are absolutely thrilled to come to Raleigh and partner with Saint Augustine’s University, local developers, and community leaders in this incredible city,” said Monti Valrie, President & CEO of 50 Plus 1 Sports. “This collaboration underscores our commitment to creating projects that resonate with the community, enhance local opportunities, and establish meaningful relationships within the business ecosystem.”

This transformative partnership positions SAU to tackle its financial challenges head-on while proactively engaging with the broader Raleigh community to create a lasting positive impact.

SAU will share more details, including the scope of the development plans and cost of this exciting collaboration at an official press conference in December. The date and time of the event will be announced soon.