Why do banks sponsor sporting events




















Brainstorm with your colleagues about how an in-person experience can evolve to a virtual one. Some examples:. Your ability to successfully pitch these ideas to the team will vary depending on the sport and the division of play. Be adaptable and think outside the box. Before saying yes to an opportunity, evaluate carefully. Hanley says regional and high school sponsorships can be really fun. Be willing to commit.

Hanley says to go into the relationships with a long-term view. Be ready to devote time and budget to see long-term results from your sponsorship investment. Pursue approaches beyond sponsorships. Investec secured the headline sponsorship for the event in , signing a ten-year extension in , which was subsequently renewed taking the deal through to The sponsorship deal is viewed by the French banking group as an integral part of its corporate and cultural identity.

News Analysis Analysis Analysis. These are often not the type of businesses consumers will typically engage with, or at least, that is often not the main aim of these sponsorship campaigns. Instead, these are all about positioning brands for the benefit of eventual big money clients, who will buy into the brand association and reputational benefits that come from being seen as a major sporting sponsor. Banks have the money for these large deals, and do most of their business with corporate and investor clients, as opposed to retail clients.

Sports sponsorship is also a straightforward way to build brand profile for financial companies, both at home and internationally, which can have long-lasting benefits to their business. Sponsorship opportunities are almost always hot property, from the ranks of the lower leagues through to the upper echelons of global sport.

With intense competition from the likes of banks, airlines and gambling brands, sports teams continue to attract ever-increasing price tags for their sponsorship deals, providing a crucial source of income to sport at every level. For the businesses themselves, these deals represent an excellent change to align with a much-loved brand, and to buy ongoing, often international exposure for a fixed price.

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