Are you willing to sponsor?
Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
By Riccardo Tafà| Posted July 17, 2019 | In MotoGP, Sport Sponsorship
We are often asked how sports sponsorships work in Italy and in the world. The most frequent questions include: “What does it mean to be a sponsor?”, “What do sponsors do?” and generally “How can a sports sponsorship be used as a marketing strategy?” “What is a Sponsorship Activation?”.
Sports sponsorships are rooted in passion: irrespective of their geographical location, fans all over the world feel the same emotions, and brands and businesses capable of connecting with these passions can draw amazing benefits. Passion and affection to a team’s colours are the same everywhere, regardless of nationality, race and religion. Sport can overcome cultural barriers and geographical borders. Businesses, on their turn, can use sports sponsorship as one single marketing strategy to communicate with Jim in the UK, Joshua in the Philippines and Franco in Milan, without any adjustment and fine-tuning being necessary.
It goes without saying that the key concept expressed above makes everything more efficient and easy to manage: one single programme, one universal language, and simplicity as the baseline scenario. When businesses partner with sports, they have the opportunity to speak to the fans effectively from basically anywhere, using one single marketing strategy and one single message to fulfil their commercial and communication goals. So, how do sports sponsorships work and why are they successful?
Normally, the large appreciation enjoyed by sponsorships comes from the very fact that the brand of a product or a service is part of a sporting event, which the target audience of a company deliberately decide to watch and to which such audience turn with an open-minded and barrier-free approach. In other words, sponsorships are a non invasive tool, which, unlike advertising, does not break the enjoyment of the show.
Over time the association of a brand to the target’s favourite team or event will eventually convert into the fan preferring the brand. The preference for a brand, which is continuously associated to the target’s passion, will in the long term result in propensity to purchase and ultimately in a purchase.
Moreover, as time goes by, sponsorship can build or improve brand perception. The positive values of the selected sports discipline will eventually settle on the brand. This aspect is easy to check through research, first, and sponsorship operations then. A sponsorship operation has an impact on brand awareness and sales, besides being able to reposition the brand, to breath new energy to it, and to open up new innovative commercial routes.
Sponsorships are characterised by a high level of flexibility: what you can do is basically limitless (the only constraint being the imagination of your CMO). For instance, one single initiative may be used to simultaneously pursue both B2B and B2C objectives. Let’s draw a very trivial, but useful example. Suppose you are a coffee producer and there is a race in Silverstone tomorrow. You have decided to invite to the race track an especially interesting customer for your company, giving him/her a VIP pass. The customer is the purchasing manager of a large food distribution chain in the UK and you will offer him/her the chance to see the backstage of the race and experience your travelling sampling and testing initiative in the Hospitality area of the team you are sponsoring. In addition to the above, you have organised a promotion for end consumers which consists in offering them the opportunity to win an experience on the racing track. It goes without saying that the promotion is only open to purchasers of your product. In this case one race serves two different purposes: it is used to communicate with two different targets and to fulfil two objectives.
Brand awareness, brand placement and/or replacement, hospitality, PR, B2B and B2C operations, on the one hand, and licenses and much more, on the other. If you are curious to know more about what you can generally find in a sponsorship plan.
How far have sports sponsorships gone in Italy, the homeland of some of the most popular teams/clubs, events and sports in the world? Ferrari, Juventus, Milan, Ducati, Valentino Rossi, Giro d’Italia, Nibali, Francesco Molinari are just a few examples.
Sports sponsorships are undoubtedly very much focused in Italy. A handful of properties draw the attention of most sponsors and investments mainly reward disciplines which ensure large TV audiences, although the extra value of sponsorships lies in activations and in the ability to create an emotional bond with the fans.
Innovation and the design of activations capable of granting high ROIs are required, including in cases of partnerships with events, sports and teams that do not enjoy great visibility on the TV networks. Streaming and the organisers’ ability to use new technologies and new media for event broadcasting may be a remedy to this problem.
Why are we so prone to recommend motor sports (including the new electric and therefore sustainable series, now) ? Start asking yourselves a few questions: have you ever seen F1 or MotoGP fans fighting with the police forces or starting scuffles? Have you ever seen F1 drivers or MotoGP riders disqualified for taking doping drugs? Have you ever heard about riders/racers altering a result, betting on a race or deliberately losing a race? If your answer was “no” to all three questions, then you have the answer to the initial one. If you need some more reasons, have a look at the calendars of other more popular disciplines than motor sports and check out for competitions that travel in 5 continents every year, granting a global scale promotional and communication travelling platform.
If you wish to have more in-depth information on the subjects addressed in this post, click this link or contact us at: info@rtrsports.com.
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Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
Managing Director for RTR Sports, Riccardo graduated in law at the University of Bologna. He began his career in London in PR, then started working in two and four-wheelers. A brief move to Monaco followed before returning to Italy. There he founded RTR, first a consulting firm and then a sports marketing company which, eventually, he moved back to London.
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Read MoreIn an era where it is possible to get anywhere with a click, there is a strong temptation to approach teams and properties directly for sponsorship projects.
By doing so, we are convinced that we are shortening the value chain, saving time and money. However, these DYI methods are anything but risk-free and what initially appears to be a competitive advantage soon turns into a problem that is difficult to resolve. That’s why there are agencies. And this is why you should rely on us for your sponsorships.
When first approaching a sponsorship or sports marketing project, it is difficult to know immediately which stakeholders are correct, what the decision flow is, and what the right timelines are for each process. Sports is a very specialized field of action, and fitting effectively into its paths can take a lot of time and therefore money. We, on the other hand, know referents and spheres of action and know who to talk to, when and how. So you are also more effective.
Sports is an immense passion, and for our heart colors we would be willing to do anything. But business is a different business, and it is important to make the best possible strategic decisions based on independent research, statistics and reliable data. A sports marketing and sports sponsorship agency like RTR has an objective, 360-degree picture of the scenario and can tell you what is really best for you: which sport, which athlete, which team. This is because we possess a great deal of data and information on ratings, segmentation and attitudes. Because the numbers don’t lie. Never.
Activations are the real heart of sports sponsorship. Without them, there remains only a blank sticker on a motorcycle, car or uniform and no contact with the public, no emotional connection, no impact on the bottom line. Then how do you do it? It certainly won’t be the teams or the athletes who will help you leverage sponsorship and enjoy the many marketing rights you have paid for. To bring out the best in a sports marketing project you need an agency that knows how to use sponsorship to engage the fanbase on the Web, to reach out to Shopping Centers, to organize hospitality, to develop B2B and B2C opportunities, and to get “your” athletes in front of millions of potential consumers.
Would you ever go to the dealer who sold you the car and ask if the competitor’s car is better? No, of course. So, how do you expect to get firm measurements of the effectiveness of your sponsorship if you do not rely on someone super partes? At RTR, we have always worked with independent third-party agencies that allow us to know the return on any exposure of your brand on TV and in the media. In addition, we believe in calculating ROI as the ultimate measure of your success-so we can tell you for every penny you spend how much you are making.
We have been involved in sports sponsorship and sports marketing for more than 15 years. We are consultants in the sense that our goal is to maximize your investment, but we are also an agency that manages the project from start to finish. We have been doing this since 1995 with passion and professionalism, following three principles that have become cornerstones of our business: independence, verticality and transparency.
I would like to highlight the fact that one of the qualities of RTR is its great ability to approach the sponsorship scenario strategically, together with its passionate attitude, its amazing enthusiasm for solving problems, and its high level of professionalism.
Gianluca Degliesposti
Executive Director Server&Storage EMEA
Eurosport is truly delighted with its business relationship with Riccardo Tafà, who has become extremely popular, thanks to his detailed knowledge of the sports marketing sector and his highly diligent attitude to work.
Francois Ribeiro
Commercial Director
Passion and Expertise are the features that I have found in RTR since the very beginning. Serious and reliable professionals but also very helpful, nice and open-mind people, willing to listen and compare different ideas. All the values in which RTR believes make this agency a partner, not just a supplier, a partner with whom we have had the opportunity to achieve significant commercial results in term of success and image.
Luca Pacitto
Head of Communication
We have been working with RTR Sports Marketing for over 10 years. The objectives and the programmes of collaboration continue to be renewed and to grow with mutual satisfaction. I believe RTR is a team of great professionals led by Riccardo Tafà, who I consider a manager of exceptional skills and with a great passion for his work.
Lucio Cecchinello
Team Principal
I have known and worked with Riccardo Tafà since 1995 when we collaborated for the first time on a project for the Williams Formula 1 team. Several clients followed. After leaving Williams to work for Gerhard Berger then owner of the Toro Rosso F1 Team, I turned again to Riccardo to seek his help in finding a tool supplier for the team and Riccardo duly obliged with an introduction to USAG, a partnership with Toro Rosso which endured for five years. I recently started a new role as Group Commercial Director for the renowned Andretti Autosport organisation and I find myself working with Riccardo once again on a number of interesting projects. Why has this relationship with Riccardo endured ? He’s smart, knows the commercial side of sport inside out and back to front and he’s honest and trustworthy. Riccardo Tafà is a “doer” not a “talker”: in over 20 years I have never had a dispute either with him or with a company that he has introduced and each partnership introduced by Riccardo has delivered quantifiable ROI to rights holder and sponsor alike. I can think of no better testimonial of Riccardo’s diligence, knowledge, contact base and hard work than that.
Jim Wright
Group Commercial Director
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