CEG’s weekly collection of relevant press, tweets, and blogs shaping the world of corporate ticketing. The evolution of Corporate America’s involvement in sports is leading towards more responsibility and better analytics. Please read on for more on: sports sponsorship, sports business, ticket management, corporate accountability, and The Spotlight Ticket Management Solution. PWC released an interesting piece discussing Travel and Entertainment expense fraud and the effect it has on every firm’s bottom line. Sports and event tickets are a major source of internal fraud and few firms have the controls in place to combat it. Too many employees buy tickets under false pretences and through back door deals without a centralized ROI tracking system like Spotlight.
The Detroit Free Press discsusses the possibilty of the Pistons moving to Pittsburgh. One of the integral questions in the equation: Can Detroit’s corporations support 4 sports teams. The answer is yes. The problem is that corporate sports ticket buyers have been beat up for so long that, even though it’s been proven to drive business and better the bottom line, they are reluctant to spend any money on sports sponsorship or entertainment. The fact that many Detroit firms received government help hurts even more. Had these firms tracked their inventory originally they would be able to keep that inventory……and the precious Pistons.
The much maligned BNP Paribas Open has landed a new sponsor to the well attended yet poorly run tournament in Indian Wells, CA (better know as the Palm Springs area). The Open, formerly the Pacific Life Open, has changed owners yet again with Oracle magnate Sir Larry Ellison purchasing the tournament.
The USOC recently announced that it would combat ambush marketers clearly pointing fingers at Subway and Verizon even though neither once mentions any affiliation with the games in the spots in question. Quite simply, the Olympic marks and an official sponsorship cannot hold that much sway if generic ads mentioning a sport that is competed in during the games is any threat whatsoever. Perhaps the sponsors should be demanding more in the way of on-site unique activation and athlete access….or simply drop the sponsorship because it’s clearly not worth it. Sports sponsorship vendors need to stand behind their products and provide true ROI. Witchhunts won’t accomplish that. Value to the customer will.
Releveant Sports Business & Sports Spnsorship Tweets Of The Week :