There are controverial perspectives heating a debate over the beneficial returns of leading firms’ resource allocation in the form of sponsorship towards prominent
sports
events.
While
some hold a strong statement that it is tremendously conducive, others claim that there are demerits lingering.
While
the latter is valid to some extent, I would contend that sponsoring major
sports
series can do more good than harm.
Without a shadow of a doubt, advertising a corporation’s
brand
name through sponsoring tournaments which are broadcast through either television or social media brings immensely favorable potential.
Brand
awareness has always been the tier-
one
objective of
this
action;
hence
, improving visibility and extensive exposure of companies’ names can greatly draw an appeal and retain potential customers.
For example
, Adidas has been
one
of the long-term sponsors for FIFA World Cup, the greatest tournament on the globe. By providing its high-quality shoes or official uniforms accompanied with its logos to the whole football team players who participate in events televised internationally, Adidas soon becomes
one
of the most leading
sports
-shoe brands, which in turn expands massly its revenue and profits.
Thus
, positioning a
brand
through extensive media coverage is
one
of the advantageous impacts of
sports
sponsorship.
While
the merit of spending expenditures on eminent tournaments has been widely acknowledged, there is still demerit which is worth mentioning.
Due to
the fans’ great preference to the event or the team they are loyal to, they may naturally develop affinity to the brands which make favorite their teams ambassadors, despite the cons those enterprises’ items can bring.
For example
, Budweiser is
one
of the prominent beverage companies whose main product is beer.
This
alcoholic drink can do serious harm to people’s physical health, yet, it is still considered a best-seller consumed by not only adults but
also
adolescents since
this
brand
has sponsored a huge sum of money towards FIFA World cup.
Therefore
, some unfavorable impacts from the products of the sponsoring firms can be greatly brought to the
sports
-lovers once they have the chance to be visually broadcast as the
one
having sponsorship in mass
sports
events.
In conclusion,
while
it is undeniable that spreading and positioning companies’ names through cashing in notorious
sports
tournaments in the form of money or products brings tremendous benefits for the enterprises,
this
action can induce several downsides related to companies’ sorts of aired products.