Sponsorship and Sports

tart -->and therefore television) stage. There is also
Sponsoring is one of the ways to build anduncertainty about Telefonica; the Spanish Telecom
fortalice a brand. And sport is always a goodcompany that could leave Renault F1 sponsorship
target. But sport it not the only target.after Fernando Alonso (from Spain) switches
Sponsorship at ING consists of three mainfrom Renault to the McLaren team).
programmes: sports, art and culture, andING is a company that is both a (investment)
community development. states the ING sponsorbank and an insurer.
policy. (According to ING, ...ING has selected Formula 1 as
)a strong platform from which to build global brand
Running has been ING's main target for sponsoringawareness ... The opportunities this agreement
sports events; because it is a sport of universalprovides include virtually year-round global
appeal, practiced by and accessible to millions ofexposure. Grand Prix races take place in 17
people across the globe ... One of the largestcountries, of which ING is active in 15. Formula
events in our programme is the ING New YorkOne attracts 850 million television viewers per
City Marathon.year.
Running is one of the healthiest sports there is,In difference with running, Formula One
healthy in many senses: it is a sport that can be(sponsorship) is a lot more risky. Not only for
practiced indoors, in nature, on the street (Newwhat happened to Ayrton Senna. But Formula
York) and nearly everybody can join and itOne is a more controversial sport than Running,
doesn't require any fuel.maybe not as controversial as Bull fighting, but
Only recently, ING added a new sport to itsthere are people who are against it.
sponsorship portfolio and that is Formula One, byAs ING is a Bank as well as an Insurer, I would
sponsoring the Renault F1. Renault has beensay that running would fit better with the insurer's
looking for a new sponsor as the tobaccoimage, the Formula One more with the
sponsors (Mild Seven) are banned from the (F1(investment) bank image.