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01 April 2003
When your sponsored boat sinks |
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| Just before it fades from our memories, it is useful to reflect on some of the commercial interests that surrounded Team New Zealand's unsuccessful defence of the America's Cup. For the major sponsors, the down-sides of backing a losing team became apparent for the first time.
Sports sponsorship always has its risks. Winning streaks never last forever. Andrew Merhtens may describe your product as a "pig", or worse still, your star may commit a crime or be shown to be a drug cheat. Any sponsorship strategy should have a contingency plan for dealing with these sorts of scenarios, even if it is as simple as keeping your head down until the storm passes over. But at the end of the day, sponsors only want to back winners - and no-one wants to be associated with gear that's poorly designed and breaks. That's even worse than backing a loser. - Trevor Walton |
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