Financial brands have been making significant investments in sports for decades. From sponsoring teams, professional athletes, and events to buying naming rights of arenas, these brands understand the value of associating themselves with the excitement and energy of sports.
Financial brands commonly sponsor teams, leagues, and individual athletes, that align with their values and target audience. These sponsorships can take the form of jersey ads, signage in the arenas, field or court, or broadcast advertisements. For instance, financial service giants like American Express and Visa have sponsored the Olympics and FIFA World Cup for years because of their global appeal.
Investments in sports teams and organizations are another way financial brands get involved in the industry. Examples of this are Fidelity Ventures investing in the Boston Red Sox and Goldman Sachs investing in Major League Soccer. These types of investments not only bring financial support to the team or organization, but they also make for a sound long-term investment, given the constant growth of the sports industry over time.
The Benefits of Associating with Sports
The relationship between sports and finance can be mutually beneficial for both parties involved. For sports teams and organizations, securing sponsorships or investments can provide a significant source of revenue, which can be used to improve their facilities, attract better talent, and expand their fanbase. For financial brands, the association with sports can help to build their brand image as trustworthy, stable, and well-established. Moreover, it provides exposure to a massive audience that is passionate about sports.
The relationship between sports and finance goes back a long way and will continue to thrive in the future. The appeal of sports transcends borders, language, and culture, making it an attractive deal for financial brands globally. Overall, the partnership between finance and sports undoubtedly enriches both fields and opens the door for innovation and growth.