Preview

Essay on Sports Sponsorship

Good Essays
Open Document
Open Document
633 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Essay on Sports Sponsorship
Essay on Sports Sponsorship

Sport Sponsorship is a very important issue in Germany. Many Sports Clubs act as companies which merchandise products and promote sports shows. They need sponsors for financing the sport events, the athletes or teams. It is important that the athlete or team has a very good environment so they can do a good job and concentrate on best results.

Sport has become a product that companies pay for. However, why and for what does the industry invest into this product?

The main reason for companies to invest into professional sports is because many kinds of sports have a certain desirable image or the athlete / player is an idol for the people. The identification with the athletes / players is strong, they are role models for the spectators and younger generations. The investors hope that when people see the athlete they also think of the product features and vice versa. Later if the target group goes into a shop, they see the product and remember the connection. Maybe they even buy the product. It is very important that the image of the product and the image of the athlete correspond to each other. Therefore, it is impossible in Germany that a football player would promote red lipstick.
If a company needs a new or better image for itself or for a product, they often sponsor a sports club or an athlete. The German company Siemens sponsors Real Madrid because Real Madrid’s team is supposed to be modern and excellent at what they do, an image that Siemens wishes to imply for their own company.
Another reason for sports sponsorship can be the introduction of a new and still unknown product or that the company itself is still new and unknown. Therefore, the company tries to gain attention by advertising with sport events or athletes. In the 1980s Commodore was a sponsor for the 1. FC Bayern München, because nobody knew Commodore and they gained public attention with their commitment..

But some sponsors work with little clubs to be

You May Also Find These Documents Helpful

  • Better Essays

    The burn would be classified as a second degree burn due to the redness, swelling, pain and blisters associated.…

    • 910 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Adidas uses brand awareness to promote there company and its products, like football boots. They are also the kit provider, to the German national football team; Adidas also sponsors the Argentine, Japanese, Mexican, Scottish, Spanish and Colombian national football teams, among others. Adidas is very active at sponsoring top football clubs in Germany such as Bayern Munich, Schalke, Hamburg, Bayer Leverkusen, and VfL Wolfsburg and top football clubs worldwide such as R.S.C. Anderlecht, Rapid Vienna, Real Madrid C.F., AC Milan, Dynamo Kyiv, Chelsea, Lyon, AFC Ajax, Galatasaray, Benfica, Fenerbahçe, Panathinaikos, Bolton Wanderers and many others.…

    • 882 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A. more and more options for companies large and small to engage in sport sponsorship…

    • 1324 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Swot Analysis Labatt Blue

    • 783 Words
    • 4 Pages

    The brand is the title sponsor, which gives them signage in the stadium, and national exposure…

    • 783 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Over the last several years, it has become undeniable that any kind of sport can, and will, be sensationalized and commercialized by the people from the great companies like "Coca-Cola, Pepsi Cola, and Marlboro" (1667). These companies have hundreds of thousands of dollars budgeted each year to pour into sports in the form of sponsorships, advertising, etc. Once the sponsorships are introduced into a sport, it is exactly the kind of thing that will push an athlete out of competition. An athlete will find himself in a "make-it or break-it" situation. If an athlete receives a sponsorship, then the money is free flowing for equipment, testing, training, etc – anything that the athlete wants or needs to aid in putting himself in a winning position so that the sponsoring company can recoup its investment. Without sponsorship, it is a near hopeless situation for the athlete. The more a sport becomes commercialized, the higher the cost of participating for the athlete. One example would be that there are entry fees established to help raise monies that will be awarded to the winner and the sponsoring company.…

    • 839 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Billabong Case Study

    • 320 Words
    • 2 Pages

    The Company's brands are marketed and promoted internationally through association with high profile professional athletes, junior athletes and events.…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Athenos Hummus

    • 1772 Words
    • 8 Pages

    Fullerton (2010). Marketing through Sports Using Mainstream Strategies. (pp.60-91). International Edition. Sports Marketing. New York, NY: McGraw Hill.…

    • 1772 Words
    • 8 Pages
    Better Essays
  • Good Essays

    promotions, and other efforts to maximize the value of the sponsorship - not an atypical amount…

    • 15652 Words
    • 63 Pages
    Good Essays
  • Satisfactory Essays

    Endorsed by superstar athletes like Michael Jordan, Andre Agassi, Roger Federer, the Williams sisters and many more, Nike is complimented by its mission of ‘bringing inspiration and innovation to every athlete in the world’. Their purpose is to be known, everywhere you look they want you to identify that it’s Nike. Nike sponsor many football teams and provides their kits, and sponsor footballers to where they shoes.…

    • 387 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This journal article mainly discuss about the differences in economics terms which used to explain business outcomes or situations in business world compared to professional sports firms.in that the basic proposition it used is called louis-schemelling paradox.in brief it expresses that always a firm will be better off smaller or less important the competition and it will continuously try to reach a situation in which it is the only supplier in the industry. But this is not the case when it comes to professional sports. For an example if considered the heavy-weight champion of the world if they want to earn more money or in economic terms to maximize it profits the first thing he should need to have is a strong contender or in other words a competition. The stronger the contender the larger the profits from fighting with him, because the doubt or the interest about the competition is what arouse the interest of the spectators hence increases the revenue. Therefore a pure monopoly is a disaster as the professional sport is considered.…

    • 724 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Many advertisers take on the role of sponsoring sporting events or teams to bolster popularity and gain recognition through the team or event. Sport marketing urges memberships, sales, and recognition. These factors represent the biggest benefits for the companies, the athletes, the associations, the leagues, and sport event managers. Well thought out, effective marketing helps to understand the customer and the marketplace. Also, informed marketing decisions help increase status and importance in people's lives, sport is considered a profitable and sustainable marketing source. At large sporting events, sponsors like to take advantage of the large crowd to advertise products (handout products, freebies, contests, etc.) because more people will be able to see it. Therefore this is significant because not only is it a simple way to announce a product but it is also efficient due to the amount of people who would see it at a large event. “Another example of sports marketing through sponsorships, is the renovation of the contract between Adidas and the Mexican Football Federation (FMF). In August of this year the CEO of Adidas Herbert Hainer in companion of the president of the FMF, Justino Compeán announced the renewal of the contract in order to permit Adidas to continue producing and designing the uniform of the Mexican teams until 2018. This is an example of sports marketing because as it was define, sports marketing is a marketing strategy in which companies related to sports products or services promote their trademark through design, production or other resources. In this case Adidas, which is completely related to sports, is the company that is using sports marketing as a strategy, by designing the uniforms of the football team and as a consequence its trademark is being promoted every time there is a game.” (Wikipedia, Sports Marketing)…

    • 651 Words
    • 3 Pages
    Good Essays
  • Good Essays

    On one hand, the staggering popularity of sport is due, to no small extent, to the enormous amount of attention provided it by the mass media. On the other hand, the media are able to generate enormous sales in both circulation and advertising based upon their extensive treatment of sport.” The amount of advertising in sport has become very extreme. In almost every aspect of a sport you can find some form of advertising or media being exposed. The players, the coaches, the memorabilia stores, the stadiums, the teams and especially the commercials during televised games, all include media or advertising in some…

    • 1350 Words
    • 6 Pages
    Good Essays
  • Good Essays

    College Athletes Cons

    • 827 Words
    • 4 Pages

    Business has always been a part of sport. Business follows the money. Collegiate athletes mean money. Their games bring in substantial revenue. Northwestern raised $30 million from their football program alone. One of the top earners is the Texas Longhorns, who this past year raised $139 million(Chavez, 2014). These schools make a profit off the games, selling tickets, concession, team paraphernalia, and so on. All of this financial gain is coming from the extraordinary effort by the collegiate athletes. Though none of this money finds its way into the players…

    • 827 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Sport Marketing

    • 2100 Words
    • 9 Pages

    All of marketing whether it is in sports or out of sports all revolves around the same basic principles the four P 's. In all of marketing the P 's are: Product, Price, Place and Promotion, however in sport there is an added principle and that is Public relations. Even the best marketers can come up short according to these principles because it does not matter how much you know but rather in a service business such as sport it most important to be able to interact with the consumers. A great…

    • 2100 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    athletes not overpaid

    • 659 Words
    • 3 Pages

    Consumers are willing to pay billions and billions of dollars (repetition) yearly to show their passion and dedication towards their favorite sports teams. Many people pay for overpriced tickets and merchandise just to support their team, and will, however complain about the huge paychecks the athlete’s cash in at the end of the day. As long as consumers continue paying that much money for merchandise (alliteration) and games, the teams will continue making a lot of money and consequently the players will make even more. As a fan of the Chicago Bulls, a multi-million dollar franchise, I have spent a…

    • 659 Words
    • 3 Pages
    Satisfactory Essays

Related Topics