Tag: Sports Marketing

My Placement Year In The Sponsorship Industry 27th June, 2019

University is a platform for a higher earnings potential, but it certainly doesn’t guarantee it. With few real-world skills, more and more graduates are finding that 6 months to a year post graduation: they have yet to find a job in their preferred industry.

Naturally, this is an alarming reality for anyone attending university, but there is something that can be done to increase chances of employment: placement years. Placement years are a ‘sandwich’ option, allowing UK students to defer their final year in order to get a taste of the real world and in my case, a taste of sponsorship.

There are nearly 2 million undergraduates in the UK every year, I need to do something to stand out.

Away from the often-rigid restraints of university assignments – “this is the task, and this is how you must do it” – the real world is sometimes a stark contrast. There are a thousand ways to complete a job and often, there’s little instruction on how to do it, one must use their initiative. You know it. I know it. Employers know it. Hence, those with a strong employment history appeal more than a green undergraduate.

I deferred my final year. I applied for over 70 internships. I landed at Slingshot Sponsorship. A small yet renowned agency who weren’t even looking for a new team member but were willing to take me under their wing.

Working a year in an agency has been so highly advantageous to my career development, its hard to put into words (However I will attempt to for the remainder of this blog). I’ve learnt a lot: not just about the sponsorship industry, but about the workings of an agency, how to be malleable and more importantly how to balance multiple tasks, leads and clients at once: something university definitely doesn’t prepare you for.

One Key Thing I’ve learnt:

Learn. I have always been a keen learner. But having little experience within the industry and little experience in a 9-5: you really have to open your eyes and open your ears. Being able to be taught is an invaluable skill and it is essential to progressing in any career. Sponsorship is an ever-evolving landscape and coupled with working in a small agency – where job roles aren’t necessarily heavily defined – it’s crucial to adapt your skillset and learn new ones as quick as you can: if not, you’ll be left behind.

The top 3 favourite aspects of working in sponsorship:

Insight. Working in a small agency has given me the opportunity to grow my knowledge beyond what I could have imagined 12 months ago. My role at Slingshot as been sales and yet: I’ve valued sponsorship properties, created proposals, liaised with clients, pitched global brands, managed social media accounts and taken care of the blogging. Additionally, our clients aren’t just sport. I’ve worked across all industries from B2B conferences to government initiatives to entertainment and live music, making me think on my toes and adapt my skillset on a daily basis. On top of this: my directors have even made me coffee. I doubt there’s many large agencies that give the same opportunities; I sure as hell wasn’t going to waste a year doing admin.

Creating relationships.As mentioned, my main role at Slingshot has been sales, and I’ve enjoyed (nearly) every minute of it. Working in sales for 12 months has allowed me to build my contact base exponentially and create some great relationships along the way. Relationships are the key to the sponsorship industry (insert classic tale of the Manchester United/Chevrolet deal here) so to have been given the platform and guidance to make so many connections will prove to be extremely beneficial down the line.

Working as a team. Coming from a team- sport background, working in a small team that co-operates and thrives has been one of the most enjoyable factors of my experience. Especially as there’s been no hierarchical malarkey: Slingshot is one of the most open and transparent workplaces I’ve experienced. I’ve really jelled with the team here and to say I’m going to miss it would be a BIG understatement.

Presenting to sponsorship students at Leeds Beckett University

Placement year has exceeded my expectations.

I truly never expected to have learnt so much in a relatively short space of time, and on top of that: didn’t expect to enjoy it half as much as I have. But most importantly I’ve given myself a head-start against my fellow graduates, the skills I’ve learnt will put me in best stead for sealing that all-important grad job and will certainly differentiate me for other candidates.

I cannot recommend a placement year enough.

Whilst university teaches you time management and a degree demonstrates your knowledge in a specialist field: neither provide you with a well-rounded skillset or real-world industry knowledge. Slingshot and my placement year have delivered on both accounts and given me a deep pool of industry contacts which are crucial for success in the sponsorship industry.

Now, just got to go and write that dissertation.

China, The Sleeping Giant 12th January, 2017

China, a country already with the world’s second largest economy, made a bold statement in 2015. President Xi Jinping announced a goal to create a domestic sports economy worth $850 billion by 2025, a plan that also involves winning the football World Cup by 2050.

This has commenced rapidly, with Chinese Super League clubs paying stars like Oscar and Carlos Tevez at a premium, £60 million and £71.6 million respectively. The effect is simple – bigger names bring more spectators, more commercial interest and greater global reach. As teams gain more exposure around the world due to the leagues increased profile, they become an even more attractive property to brands. This heightened market activity has a knock-on effect to sponsorship fees throughout the rest of the world, as these large rights holders are able to command higher fees, smaller clubs can ride the coat-tails and leverage more expensive properties to their own benefit.

Outside of their home league, Chinese brands have become progressively active as sporting event sponsors and investors, lured by the potential profits of associating their brands with a sport, team or athlete to access a new market. Chinese brands are shown in each of the major European leagues – AIA at Tottenham, 138.com at Watford and Rastar Group gracing the jersey of RCD Espanyol, to name a few.

The biggest example is Hisense, who became the first ever Chinese sponsor of the Euros when aligning with the 2016 competition. Although the official sponsorship fee has not been disclosed, Hisense is said to have invested a sum of 370 million yuan (roughly £43 million).

It is not just football that China is attracted to, but also rugby and basketball. The levels of investment being seen will lead to an effect that can be likened to sponsorship inflation, as activity from within China develops rights holders into even larger properties. Global sports sponsorship investment levels have continuously grown year on year by 4-5% since the late 2000’s and with the sports industry estimated to be worth $73.5 billion by 2019, not surprisingly the bulk of that money will come from China.

Contrastingly, Western brands now have a way to penetrate the largely untapped Chinese market. With significant increases in awareness and media value, gaining a foothold in China would be a lot of brands’ number one goal, however there hasn’t been a platform big enough to promote themselves effectively, until now. The huge audience means Western brands now have a solid foundation to build exposure and revenue in this massive economy, just like the Chinese brands are doing in European sporting markets.

The next few years are going to be a very interesting period for sports sponsorship in China. An already global sport like football is becoming accessible to far more people, allowing rights holders to generate more money for their assets. While some may say that the money in sports is already at a ridiculous level without China’s new-found interest, it is another way of increasing globalisation by providing a platform for China to integrate with the West and vice versa.

Can too many Sponsors Dilute a Rights-Holder’s Brand? 22nd August, 2013

In sports leagues around the world, success on the field is ultimately driven by commercial revenue. As a consequence, their response has been to bring in sponsors to help facilitate the gap in funding. But this growing emphasis upon sponsorship has left many people asking – are too many sponsors diluting the right-holder’s brand?

Sponsors make the brand more vibrant

When discussing the ever increasing number of sponsors in sport, it would be hard not to mention Manchester United, having just signed another spread of partners across the globe. The club has recently signed the Indonesian tyre producer bringing the club’s sponsorship total to 33. It begs to ask the question – are these sponsors devaluing the Manchester United brand?

Jonathan Rigby CM for MU, has rejected that the club has anywhere near reached its limit. He states that by implementing a local model amongst the 77 countries they have sponsors in currently, they are appealing to each fan individually, making the brand more vibrant and producing a follow on effect which will ultimately benefit all sponsors involved.

This certainly seems to be the case when you look at their operating profit, which has increased this year by 13.7%. The club has also just signed a new shirt deal worth nearly £500 million over 8 years, increasing their commercial sponsorship revenue to £118 million annually.

More value lies in fewer partners

In comparison, Juventus believe going the other way is more rewarding. The club believes that having valuable relationships with fewer brands will bring you more credibility amongst your following, and as a result will lead to greater financial weight behind the deals. This is the case for Jeep who is currently their headline sponsor, and one of 15 corporate partners. In a public image driven market, and where it is only public interest which governs your reach; keeping it close to home can be seen as vital.

It’s the end product that matters

Brands enter into sponsorship for a multitude of reasons, but generally speaking, brands sponsor rights-holders for the audience, exposure, association and to fulfill their own brand objectives. For rights-holders, one of the main things they rely upon, aside from funding, is the fans/ their audience. As a platform, sponsorship allows both the rights-holder and brand to connect to their audience in a wholly tailored way.

The focus, therefore, shouldn’t be based on the amount of sponsors, but upon the end product – what the partnership has created for the fan, the overall experience and the club. MU’s model works because it has such a wide fan base and global sponsorship platform that allows them to associate with their following in all corners of the world. Juventus, on the other hand, has had success through its emphasis upon a few partners that have a strong affiliation to the club, keeping it close to home allows them to stay true to both the sponsor and the rights-holder’s objectives.

The Outcome

So long as the sponsorship is delivered and is aligned to the brand’s objectives and these objectives align with those of the rights-holder, the end product should ultimately benefit both club and sponsor. Dilution of the brand will come when parties lose sight of their overall objective.

GB Taekwondo appoints Slingshot Sponsorship to develop sponsorship strategy and sales for their Road to Rio Olympics 11th July, 2013

GB Taekwondo, one of the biggest sporting stars to come out of London 2012, has appointed sponsorship specialist marketing agency Slingshot Sponsorship to develop strategy and sales across their commercial properties in the lead up to the Rio Olympics. The initial activity will allow corporate sponsors to grow with the sport both nationally as well as abroad.

GB Taekwondo’s enormous success of gaining two medals from only four athletes at the London Olympics has presented a huge return for Team GB and an incredible opportunity for brands to align with. The 2000 year old martial art has over 60 million participants worldwide with over 100,000 in the UK alone. Slingshot Sponsorship will be working with GB Taekwondo to identify and uncover their assets in order to connect with this diverse sporting audience – contributing to a stronger engagement with brands during the growth of the sport in the lead up to Rio Olympics.

Steve Flynn, Operations Director at GB Taekwondo said:

We are really pleased to be working with Slingshot Sponsorship who are helping us showcase the sponsorship opportunities within our sport. Their expertise will allow us to maximise our commercial potential and amplify our activity – both with the sponsors we are currently are working with as well as identifying new commercial partners that will help us achieve our objectives in the lead up to Rio.

Jackie Fast, MD at Slingshot Sponsorship said:

We are thrilled that GB Taekwondo have chosen us as their sponsorship agency. Sitting at such a vital turning point coming out of London 2012, we cannot wait to start helping them develop and grow their commercial potential – creating relationships that will help them realise their Rio Olympic goals.