LAST WEEK'S SPONSORSHIP NEWS
These stories cover sponsorship news for January 27 to February 2, 2020. This is part of our "Last Week Today" series that includes a weekly roundup of the past week's most exciting and industry-altering news. Check back on our blog every Monday for updates!
ARMS RACE BETWEEN NIKE & ADIDAS
An arms race has developed between Nike and adidas to acquire elite European club assets with Nike securing a deal with Liverpool FC last week. There's potentially more opportunity with higher royalty fees in this new deal with Nike. You can read more details about this potential upside for Liverpool at SportBusiness.com.
NEW SHIRT SPONSOR
English soccer giants Chelsea secured a three-year principal partnership with British telecommunications company Three, which is said to be comparable to the expiring $52.5 million annual deal with Yokohama slated to end with the 2019/2020 season. The brand will become the primary shirt sponsor for the Premier League club.
Read more at SportsProMedia.com
CRYPTOCURRENCY
French football champion Paris Saint-Germain welcomes Poland-based CoinCasso as an official partner in all territories outside of France including Europe, Asia, and the US. This supplements an existing deal in the cryptocurrency space with Socios.com who is focused on the French market.
“The cryptocurrency exchange market is both young and innovative,” said Luke Ozimski, chief executive of CoinCasso. “We are delighted to be one of the first specialists to reach out to the general public and team up with one of the most popular football clubs in the world."
Read more on SportBusiness.com
NEW NAMING RIGHTS PARTNER
Tampa Bay Lightning announced last week that the Ice Sports Forum is now the TGH Ice Plex® following a multiyear partnership extension with Tampa General Hospital.
A long-standing partnership between the two for nearly two decades was definitely a factor in expanding the deal which includes entitlement of the team's training facility as well as in-ice logo placement at AMALIE Arena, signature engagement, and activation platforms.
Read more at NHL.com
ANOTHER NEW NAME
The Dayton Dragons also announced a new naming rights agreement with Day Air Credit Union that will change the name from Fifth Third Field to Day Air Ballpark.
Financial terms of the agreement were not revealed, but it is a 10-year agreement, which Phil Parker, president and chief executive of the Dayton Area Chamber of Commerce, called a smart business move for both the team and the credit union.
More details available at DaytonDailyNews.com
BRITISH PARALYMPIC SPONSOR
Nestlé Cereals UK to sponsor ParalympicsGB which will see the company provide its packing to athletics, table tennis, powerlifting, and cycling.
The team's sponsorship portfolio includes British Airways, adidas, Allianz, Hogan Lovells, Mondelez International, Sainsbury's, Toyota, Virgin Media, Asos, BP Oil, and Citigroup.
Read more on SportBusiness.com
TOYOTA SPONSORS MLF
Toyota announced a formal sponsorship of Major League Fishing (MLF), professional bass fishing's newest premier tournament organization. The partnership also includes Fishing League Worldwide (FLW), the world's largest tournament-fishing organization.
John Acosta, Vice President, Marketing and Business Development for Major League Fishing. “Through this comprehensive, multi-year deal, Toyota continues its rich history of supporting the outdoors, now leveraging MLF’s highly rated media platforms and angler-centric tournament trails to further position Toyota as a catalyst for growth in the sport of competitive bass fishing.”
Read more at FLW Fishing
NEW OFFICIAL AIRLINE
Allegiant, who has been an airline sponsor of the Colts since 2015, entered into a new partnership with the Indianapolis Colts and will become the "Official Airline of the Indianapolis Colts."
Read more at PRNewsWire.com
Look out next Monday for the usual round-up on sponsorship news.
GO BACK IN TIME:
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Sponsorship news covering February 17-24, 2020. Captain Morgan makes moves, sponsorship revenue double for soccer giants, plus new stadium naming rights & more
This report looks at the origin and spreading of coronavirus (COVID-19) along with its impact on travel and tourism, events and sponsors.
A breakdown of all the brands that activated at the Super Bowl LIV Experience, as well as the investment levels for all sponsorships including those that did not include activation space.
These stories cover sponsorship news for January 27 – February 2, 2020. This is part of our “Last Week Today” series that includes a weekly roundup of the past week’s most exciting and industry-altering news. Last week brought new naming rights to a couple properties, a significant Nike deal, and sponsorship growth in the cryptocurrency space.
These stories cover sponsorship news for January 6-12, 2020. This is part of our “Last Week Today” series that includes a weekly roundup of the past week’s most exciting and industry-altering news. This week, while Nike was named the official sponsor of a team, another team was losing a handful of sponsors…
LAST WEEK’S SPONSORSHIP NEWS These stories cover sponsorship news for December 30, 2019 – January 5, 2020. This is part of our “Last Week Today” series that includes a weekly roundup of the past week’s most exciting and industry-altering news. Check back on our blog every Monday for updates! JBL & HUGO BOSS … Continue reading Last Week Today: December 30 – January 5 Sponsorship News