Two events in consecutive days have shaken the long-established marketing foundations of sport and its sponsorship. Cristiano Ronaldo, first, took two Coca-Cola bottles out of the camera's line of sight, and Paul Pogba, later, got rid of a Heineken alcohol-free beer, both sponsors of Euro 2020, and both incidents have gone directly against the rules of the business and created negative publicity for two leading advertisers.
These were two unwise and selfish gestures. These are two sports stars who, as they say in the United States, "know the game" and who know that without private money this cannot be sustained. Their attitude is reprehensible because they are at the forefront of promotional events when it is their money that is at stake. The effect of Cristiano Ronaldo's childishness has translated into a four billion dollar loss for Coca-Cola. If that figure is true, the renewal of Cristiano Ronaldo's contracts in the coming years will have to be multiplied by a factor of five given the magnitude of the consequences. Not even the COVID-19 pandemic has created such a big hole.
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