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      Premier League sponsor gets off

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      JD
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      Premier League sponsor gets off
      Jun 05, 2015 02:23:01 am
      Well, when you're getting £5.1 billion - who needs to argue over a paltry £15M?


      Premier League clubs, awash with billions of pounds from TV rights, decided at their summer meeting that they can do without a title sponsor when the Barclays contract expires at the end of next season.

      This follows the top flight turning down a £45million-a-year offer from drinks brand Diageo, having wanted £60m.

      The new approach will see more secondary partnerships but allow the competition to be known as 'The Premier League', a major statement in this sponsorship-driven age. 

      The Premier League did not have a title sponsor in its inaugural season of 1992-93 before signing a four-year, £12m deal with brewers Carling - at the time the biggest in British sport.

      Carling subsequently paid triple that initial amount to secure a four-year extension to their original deal, before Barclaycard paid £48m for a three-year contract beginning in 2001.

      Barclays paid £57m for a three-year sponsorship deal in 2004 and subsequent extensions saw the value rise to the £120million paid for the existing three-year sponsorship in 2012.

      However the bank indicated in March that they would not seek to renew the deal when it expires at the end of the 2015-16 season.
      Dadorious
      • Forum Legend - Dalglish
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      • 9,882 posts | 1545 
      Re: Premier League sponsor gets off
      Reply #1: Jun 05, 2015 03:58:19 am
      Diageo are the parent company behind the Smirnoff brand.

      The Smirnoff Premier League not a bad ring to it.

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