Last week saw two bad-news stories break on Olympic sponsorship by the automotive industry.

First was the news that the IOC had ended its long search for a global Olympic sponsor in the automotive category, exclusively scooped by Around The Rings. The only thing that was surprising about this story was that it took the IOC so long to go public on it.

This followed hard on the heels of General Motors – a major domestic sponsor of Vancouver 2010 - announcing that it was closing 245 dealerships in Canada in the run-up to today’s filing for bankruptcy protection, which unsurprisingly led to speculation in Canada that GM would not be able to meet its commitments to the Vancouver winter games - claims strenuously denied by VANOC.

Will the post-recessionary automotive industry be prepared to fuel each Games’  habitual Games-time requirement for thousands of vehicles? (VANOC’s fleet requirement from GM, for example, is 4,600 vehicles, a not untypical figure, on top of which GM is also paying $14m in cash.)

Unless there’s a major overhaul both of the package of rights on offer by the Olympic Movement and of the approach of auto sector brands to this type of sponsorship, we doubt it.

We’re yet to see any evidence that previous Olympic sponsorships by automotive companies have justified the investment – and this reported statement by VANOC Deputy CEO Dave Cobb, commenting on the GM situation, perhaps partly explains why:

“Not sure we were expecting that much promotional activity at a dealer level, the sponsorship is with the corporate entity and not the dealerships themselves.”

By Tim Crow on June 1st, 2009

Tags: Default, London 2012, London 2012 sponsorship, Olympic sponsorship, Olympic sponsorship consultants, Vancouver 2010

Tweet