AON recognises the value of sponsorship

It is good to see AON CMO Philip B Clement quoted in Marketing Week as saying that that the company’s sponsorship of Manchester United will “inform everything we do”.  AON, as we all know by now, are taking over from AIG at the end of the 2010/2011 season as Manchester United’s shirt sponsor

What is irritating is to read Marketing Week’s Russell Parsons, in the same piece, write that AON’s decision comes “at a time when many brands are questioning the wisdom of long-term sponsorship deals as the global economic downturn puts the spotlight on what return on investment sponsorship can bring”.

It’s irritating because it just isn’t true.  Which brands?  Which long-term sponsorship deals?  If anything over the past few months there have been more announcements of brands recognising the value of sponsorship by announcing further or new investments.

However, I was pleased that Mr Parsons shoots himself in the foot in the next paragraph when he quotes Mr Clement as saying that the sponsorship is an efficient and effective way of building the AON brand globally, and that the company would have to spend significantly more on media to match the exposure the deal will bring the brand over the four years of the deal – quite apart from its other benefits.

“It is a pretty good bet for a US firm looking for a global presence”, Mr Clement says.  You bet it is.  It’s done a great job for AIG.  It’s just a pity that the brand was unable to capitalise on the benefits delivered through the sponsorship because the company fell foul of the global economic conditions – a situation which, if we were to believe media reports, can be laid squarely at the feet of the MU sponsorship. 

I would love to have been a fly on the wall within AIG when the marketers were undoubtedly arguing that the MU sponsorship deal was one thing that was worth saving from the ashes.  Shame for the AIG brand they didn’t win the argument.  AIG’s loss will be AON’s gain. And Manchester United haven’t done too badly either – the deal is reportedly worth an extra £6 million to them annually.

By Karen Earl on June 10th, 2009

Tags: Default, Football Sponsorship, Manchester United, Sponsorship

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