Sports Sponsorships

Football, boxing, badminton, kho kho and kabaddi are finding sponsors too, finds GroupM report

Sponsorships bagged by sporting events and personalities more than doubled to Rs 5,907 crore in 2022, but cricket continues to corner a bulk of the money, a report said on Tuesday. Sports celebrities pocketed Rs 729 crore in 2022, which was a 20 per cent growth over the previous year, the report by media agency Groupm said, adding that Virat Kohli, M S Dhoni, Rohit Sharma, Sachin Tendulkar, Neeraj Chopra, and PV Sindhu are among the highest billing sportspersons. The overall spends on sports were pegged at Rs 14,000 crore by the agency, as against Rs 9,500 crore in the year-ago period. A report 'Sporting Nation 2023' highlighted "the unprecedented growth of sports sponsorship in India, with spends on-ground, team, and franchise rising by Rs 3,021 crore, a whopping 105 per cent growth from 2021, making the total sponsorship spends Rs 5,907 crore". It attributed the rise in overall spends in 2022 to a jump in the number of IPL matches, addition of two new teams in the popular cricket

The cricket body, according to persons in the know, has asked Byju's to continue as the Team India jersey sponsor until March 31, 2023, after which it may announce a replacement

A former chairman and two senior managers of Japanese major business suit retailer Aoki Holdings Inc. have admitted in court to having bribed to win sponsorship rights for the Tokyo Olympic Games

In 2014 Bollettieri was inducted into the International Tennis Hall of Fame, and in 2015, he became the first white man to be inducted into the Black Tennis Hall of Fame

The International Cricket Council (ICC) on Monday announced BYJU'S, India's largest EdTech company as their global partner from 2021 to 2023.

A group of US lawmakers on Tuesday (local time) urged corporate sponsors to back out of the 2022 Beijing Olympics, over human rights violations in China's Xinjiang province.US Congressmen invited the representatives from domestic firms who sponsor the Olympics to a hearing to address how they could leverage their influence to insist on concrete human rights improvements in China.Senator Jeff Merkley, chair of the Congressional-Executive Commission on China (CECC), in his opening remarks said the hearing was not meant to attack or embarrass individual companies but rather to explore how key Olympic movement stakeholders, corporate stakeholders, could use their influence to ensure the Olympics live up to its values."Holding the 2022 Winter Olympics in China and allowing its authoritarian government to reap the rewards in its prestige and propaganda of hosting this globally-beloved event does not uphold the Olympic spirit," he said.Representative James McGovern said, "unless things ...

Online brokerage Upstox, earlier known as RKSV Securities, on Thursday announced a three-year partnership with the International Cricket Council (ICC) for an undisclosed sum.

An easy-going atmosphere has allowed Mumbai Indians to flourish on the field, which, in turn, has contributed greatly to its fortunes off it

Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners

Media planners say Vivo, Oppo and others will go all out on digital and TV, as IPL is only high-impact sports event from India this year. It also falls in festive season, which is key for phone brands

The meeting of the IPL Governing Council will review the yearly Rs 440 crore title sponsorship deal with Vivo among others

Media spends grew 15.8% from Rs 35.11 billion in 2016 to Rs 40.65 billion in 2017