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SBD/February 1, 2011/Marketing and Sponsorship
Published February 1, 2011
SHOW ME THE MONEY: In Indianapolis, Curt Cavin reports Florida-based CV Sports Marketing claims that IndyCar and the Indianapolis Motor Speedway “owe it millions of dollars for attracting Izod as a title sponsor of the IndyCar Series.” CV Sports Marketing said that it helped IndyCar “reach an apparel sponsorship agreement with Izod in 2008, and that agreement turned into a title sponsorship in 2009.” The lawsuit claims that IndyCar initially paid 10% “of the annual apparel sponsorship to CV Sports Marketing but didn’t pay commission on the title sponsorship.” The suit claims the title sponsorship is now worth between $90-100M, and CV Sports Marketing “should have received a cut of that money” (INDIANAPOLIS STAR, 2/1).
SMOKING BAN: REUTERS’ Alan Baldwin noted Renault F1 Chair Gerard Lopez “dismissed concern on Monday that his Lotus-backed team's new black and gold livery could fall foul of anti-tobacco legislation.” Some contend that Renault “could be in breach of strict anti-tobacco advertising laws” when it competes in Canada because of the past association with Imperial Tobacco. Lopez said, “Number one, we have no relationship with a tobacco company. Even if we had had, there is another famous team racing around in a colour that is ... very close to a cigarette manufacturer." Ferrari is the “only outfit still sponsored by a cigarette maker, Philip Morris's Marlboro brand.” But there is “no branding on the car or uniforms, other than the red and white colours” (REUTERS, 1/31).