SBD/Issue 169/Sponsorships, Advertising & MarketingPrint All
Lenovo Speeding Into Indy 500
On No. 98 Car
James Blake Ends Prince Deal
Early To Return To Dunlop
Waltrip Says Sponsor Relations
Strong Despite Poor Performance
EARNHARDT: NASCAR SCENE’s Bob Pockrass reported the will of the late Dale Earnhardt, which was signed in ’92, “didn’t give [Dale Earnhardt Jr.] an ownership stake” in DEI. Earnhardt Sr. gave wife Teresa Earnhardt the power “to retain and carry on any business or property in which I may own an interest at the time of my death.” After Earnhardt’s death, the court-approved asset assignment included a provision giving Teresa “all of the stock owned by decedent in [DEI]” (SCENEDAILY.com, 5/24).
GORDON: USA TODAY’s Gary Graves writes NASCAR driver Jeff Gordon has used business tips Earnhardt Sr. gave him early in his career to “develop his brand.” Gordon ranked 16th on Forbes’ ’06 list of top-earning athletes, with $23.4M from salary and endorsements. Hendrick Motorsports Owner Rick Hendrick, who owns Gordon’s No. 24 Chevy, said, “He just has a natural gift. We never had to give him any marketing training” (USA TODAY, 5/25).
adidas Likely To Make Durant (l)
Top Pick Over Oden
SODA FOUNTAIN: Jones Soda Founder & CEO Peter van Stolk, discussing his company’s new pouring-rights deal at Qwest Field, said of future plans in sports facilities, “Our goal is to create a fan experience. If we create the fan experience for the Seahawks, then we think that people will come to us and say, ‘Hey, that’s really cool. That’s what we want to do.’” van Stolk would not put a dollar figure on the deal, but did say “it was worth a ton to Jones because it gives us the credibility to play against the big boys” (“Street Signs,” CNBC, 5/24).
ROCK YOU LIKE A HURRICANE: Massachusetts-based Saucony is launching a line of running apparel in the U.S. consisting of three performance clothing collections next spring, followed by lifestyle clothing and accessories in fall ’08. Saucony-sponsored athletes will wear the Hurricane Collection, one of the three performance lines. The lifestyle line will be designed to wear to and from athletic activities (BOSTON HERALD, 5/25).