Nike, Addidas , Coca Cola and Red bull to name a few have begun to assert there power and influence across the Sporting industry as a whole . They’ve established themselves as credible affiliations and sponsors for sporting brands, athletes and competitions across the globe .
In an age where sponsorships and advertisements are more lucrative money spinners than conventional means of income . These companies have changed their marketing strategies to reflect the rising advantages of communicating there brand and influence to there audience . They are focusing a lot of their strategies towards sponsorships and affiliating themselves with the top athletes and teams in the world (chadwick et al,2017) .
Nikes marketing department have focused on this type of promotion extensively by offering mega money deals to the worlds top stars on a few occasions offering life time mega money deals to athletes such as Lebron James and Cristiano Ronaldo . Focusing on them as a brand and the exposure and following they have globally . Through focusing on already established stars and sports franchises they are able to project there product to an already growing fan base . They have extensively focused on sports in which they provide the clothing and Equipment for enhancing there exposure furthermore. They are a formidable presence in sports such as Tennis , Golf, NBA, NFl, Football and MLB .
There presence in the sporting industry has helped them to use to there affiliated stars to promote their products and even there ethical views globally.
References
- Top 15 Most Influential Nike Sponsored Athletes on Social https://opendorse.com/blog/top-nike-sponsored-athletes-on-social-media/
- Chadwick, s,Arthur,D. and Beech, J. (2017) international cases in The Business of Sport . Oxon; Routledge .