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The 2024 Wimbledon Championships saw record-breaking sponsorship and prize money, reflecting the event’s growing financial clout. Barclays’ significant $118.65 million deal highlighted the tournament’s evolving commercial landscape, while British Broadcasting Corp’s (BBC) media coverage underscored shifting viewer dynamics. Despite lower viewership due to competition with the UEFA final, Wimbledon’s commitment to equal prize money continues […]
2024 UEFA European Championships generates estimated sponsorship revenue of $535.25 million, reveals GlobalData
The 2024 edition of the UEFA European Championships saw sponsorship deals from a total of 25 brands, with the largest deal in terms of annual value being with adidas. Alongside Sportradar, Coca-Cola’s deal ranks joint second in terms of the largest sponsorship deals. Overall, the 2024 UEFA European Championships generated sponsorship revenue of $535.25 million, […]
Soccer dominates payments sector as Mastercard and Visa drive major sponsorship deals in 2024, reveals GlobalData
Soccer continues to dominate the payments sector in 2024, with 140 deals totaling $371.60 million annually. Mastercard’s landmark $195 million sponsorship of the UEFA Champions League highlights soccer’s unparalleled commercial value. UEFA’s substantial annual expenditure, followed by FIFA and other major leagues, reinforces the sport’s global appeal. Visa also makes a strong impact with high-profile […]
Women’s elite sports revenues to hit $1.3 billion in 2024 amid persistent gender challenges, reveals GlobalData
Global revenues for women’s elite sport are projected to reach $1.3 billion for the first time in 2024, driven by rising attendances and television viewing figures. The 2023 FIFA Women’s World Cup and Women’s Ashes series highlighted this surge. Despite progress, women’s sports still face challenges in closing the gender gap and achieving equal pay, […]
2024 US Open Golf sees major sponsorship and prize pool milestones despite viewership dip, reveals GlobalData
The 2024 US Open Golf Championship showcased significant sponsorship investments, with financial services giant American Express leading the pack at $10.75 million annually. Despite a slight dip in viewership from 2023, the event remained a major draw, offering a record $12.5 million prize pool. Long-term sponsor partnerships underscore the event’s enduring appeal and financial stability, […]
Goodyear sponsorship deal drives NASCAR’s growing commercial success, reveals GlobalData
The Goodyear Tire & Rubber Company has secured The National Association for Stock Car Auto Racing’s (NASCAR) largest sponsorship deal for 2024, worth $25 million annually and covers the 2023-2027 period. This partnership designates Goodyear as the official tire for NASCAR’s top three national series and title sponsor for the Goodyear 400 race in Darlington, […]
2024 ICC Men’s T20 World Cup generates estimated $61 million in sponsorship revenue, reveals GlobalData
The 2024 ICC Men’s T20 World Cup was sponsored by a total of 11 brands, with Emirates Airline holding the largest sponsorship deal. The eight-year deal, which covers the 2024-31 period, sees the airline as a premium partner of the ICC, sponsoring the organization’s umpires, match referees, and match officials. The deal is worth an […]
Marriott Hotels & Resorts most active hotel brand in sports sponsorship for 2024, reveals GlobalData
One facet of the travel and tourism sector is hotels. Several high-end hotels have carved out a niche for themselves in the world of sports sponsorship. Some of the largest sponsorship agreements within the hotel sector are with some of the biggest sports leagues, mainly across the US, including the National Football League (NFL). With […]
Giro d’Italia 2024 generates over $48 million in sponsorship revenue, reveals GlobalData
The 2024 Giro d’Italia was the 107th edition of the Giro d’Italia, a three-week Grand Tour cycling stage race. It was sponsored by 65 brands, with Enel holding the largest sponsorship deal, which saw the energy company sponsor the race leader’s pink jersey, the iconic Maglia Rosa. The following three largest sponsors in terms of […]
UFC and DraftKings partnership tops gambling and betting sector’s sport sponsorship deals in Americas, reveals GlobalData
American gambling and betting brands dominate the sports sponsorship spend across the Americas region. The top 10 largest deals are heavily dominated by the big four major sports leagues in the Americas, which include the National Football League (NFL), the National Basketball Association (NBA), the National Hockey League (NHL), and Major League Baseball (MLB). However, […]
EA Sports biggest sports sponsorship tech brand in Americas in 2024, reveals GlobalData
Soccer is the most popular sport in terms of sponsorship agreements across the Americas region. EA Sport is the most active tech brand in the region, and one of the key drivers of its deal volume is its partnerships with several American football teams, including the Tampa Bay Buccaneers, Philadelphia Eagles, and Kansas City Chiefs. […]
2024 Indian Premier League to generate $99.31 million in sponsorship revenue, says GlobalData
The Indian Premier League (IPL) is the most popular cricket franchise league in the world. The 2024 IPL’s top sponsorship is the tournament’s five-year deal with Tata Group, worth an estimated $60.15 million annually. The deal is almost four times higher than the next highest deal and sees the brand serve as the IPL’s title […]
Masters generates total annual sponsorship revenue of $50.75 million for 2024 edition, reveals GlobalData
The 2024 Masters Golf Tournament witnessed a total of seven sponsors, with the joint-top sponsors in terms of annual deal value being IBM and AT&T, each with deals worth $9 million. Mercedes-Benz, Delta Air Lines, Rolex, and UPS, which have been long-term partners of the tournament, are also sponsors for the 2024 edition. There was […]
Intel generates highest sport technology sponsorship spend in APAC in 2024, reveals GlobalData
Intel is one of the key tech drivers in the esports industry, driving the PC gaming market. In 2024, the brand generated high-value deals with esports teams and series, Riot Games, JD Gaming, and Global Esports. With an annual spend of $8.85 million generated from only three deals, Intel recorded the highest sport technology sponsorship […]
2024 Six Nations generated estimated $177.68 million in media revenue from competing nations, reveals GlobalData
The 2024 Six Nations saw great success in both popularity and commercially. In terms of viewership, ITV’s peaked at 6.6 million during England’s late win against Ireland on 9 March. On ITVX, coverage of the Six Nations was streamed 16.6 million times, up by 23% compared to 2023. Elsewhere, the opening match of the 2024 […]
2024 Daytona 500 witnessed poor viewership on Fox despite being NASCAR’s flagship event, reveals GlobalData
This year’s NASCAR’s flagship event, the Daytona 500, drew in an average of 5.96 million viewers on Fox. The viewers for the 2024 edition of the Daytona 500 on Fox only topped the 2021 edition as the lowest rated and least watched edition of the race. However, despite the lower number, the Daytona 500 was […]
Augmented reality will help sports companies engage with fans and intensify media competition, says GlobalData
The global sports industry faces various challenges, including maintaining fan engagement and intensifying media competition for sports broadcasting rights. Augmented reality (AR) can help sports companies tackle these challenges by creating more engaging and insightful viewing experiences, and the overall AR market is forecast to grow at a compound annual growth rate (CAGR) of 21% […]
Inter Miami to generate extra $79.1 million from main sponsorship and ticket sales with Messi’s arrival, reveals GlobalData
In July 2023, Argentinian legend Lionel Messi announced his move from Paris Saint-Germain (PSG) to Inter Miami, in what has been seen as a major coup for the North American soccer league. The arrival of Messi has had an immediate impact on the league’s global popularity and commercial interest, with his new team, Inter Miami, […]
Team Liquid Honda leads esports sponsorship revenue amid growing disparity with traditional sports teams, reveals GlobalData
Team Liquid, competing under Team Liquid Honda for the League of Legends division, emerged as the top earner in esports sponsorship revenue, notably securing a significant deal with Honda. However, a substantial gap persists between the sponsorship earnings of traditional sports teams and esports counterparts. Notably, the sponsorship value discrepancy between standalone esports teams and […]
Global esports audience set to reach over 318 million by 2025, forecasts GlobalData
Esports is the fastest growing theme in the gaming sector. Although esports currently caters to a niche audience, especially compared to mainstream sports, the global audience of esports is estimated to be over 318 million in 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Esports and Sports Sector – Thematic […]