Menu
Marketing and Sponsorship

PED Scandals Damage Track & Field Sponsorships, But Bolt Continues To Thrive

A recent series of PED scandals among U.S. and Jamaican track and field stars "threatens the sponsorship landscape for both the sport and its athletes," according to Morgan Campbell of the TORONTO STAR. Canadian decathlete Damian Warner, who won bronze at the IAAF World Track & Field Championships on Sunday, has a "modest endorsement portfolio" that "includes a deal with Nike and smaller local companies." Warner said, "Just because a couple people are doing the wrong thing, you shouldn’t punish everybody else." Agent Kris Mychasiw said, "Major meets are losing key partnerships, making it tougher for athletes to make money (since) less funds are available. Only the top of the top make anything." Campbell notes top-level track "grappled with sponsorship dilemmas even before the summer drug scandals." If the sport "can’t shake the perception that many top stars are drug cheats, sponsorship dollars for athletes and events might grow even scarcer." Meanwhile, Jamaican sprinter Usain Bolt "still prospers as a pitchman." Forbes data shows that Bolt pulls in $24M annually in endorsements, a figure that includes a deal he signed with Samsung earlier this year. But Samsung, shortly after signing Bolt, announced that it "wouldn’t renew its title sponsorship of track and field’s premier circuit, the Diamond League," a deal worth $4.5M annually (TORONTO STAR, 8/14).

MR. CLEAN: In Australia, Robert Craddock wrote Bolt's "greatest future responsibility to his sport is not winning so much as another race but never returning a positive drug test." He alone "generates more than 20 per cent of the sport’s sponsorship." If he "stumbled and fell then the whole sport would end up face down in the sandpit" (Brisbane COURIER-MAIL, 8/13).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/08/14/Marketing-and-Sponsorship/Track-Sponsors.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/08/14/Marketing-and-Sponsorship/Track-Sponsors.aspx

CLOSE