Sports sponsorships provide alternative marketing platform for companies
Companies tether their names to promising athletes and sports growing in popularity
Singapore
THE business of sports sponsorship is very much a two-way street. Athletes get the cost of training and competitions defrayed, and the companies sponsoring them gain marketing mileage and public profile, which in turn supports their growth.
In February, e-commerce and e-gaming company Garena signed a S$4 million sponsorship deal with the Young Lions, in what the Football Association of Singapore called the biggest sponsorship deal for an S. League club since the domestic professional football competition began 21 years ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale