Sports Marketing in the Credit Crunch
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Dr. Sean Ennis | Sports Marketing in a Global Context | MK950 | Elective
Individual Essay | Session 2009/2010 | Semester B | Submission Date 01/04/2010 | Msc
International Marketing
Department of Marketing Assignment
Sports Marketing in a Global
HEMPLE, James Grant
The current “credit crunch” will have some significant implications for
sports marketers. Select ONE sport of your choice and address the
challenges facing sports marketers in the midst of deep recession.
Tackling…
the Credit Crunch
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Contents
1.0 Introduction ................................................................................................ 3
2.0 The Credit Crunch and Football ..................................................................... 5
2.1 Audience figures .......................................................................................... 5
2.2 Sponsorship ................................................................................................ 7
3.0 Implications for Sports Marketers .................................................................. 9
3.1 Tackling Audience Figures ............................................................................. 9
3.2 Tackling Sponsorship .................................................................................. 11
3.0 Conclusion ................................................................................................. 14
References .......................................................................................................... 15
Bibliography ........................................................................................................ 18
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1.0 Introduction
Howard and Burton (2002) suggest that numerous executives believe that sports are
resistant to a recession and Gibson (2009a) underpins this viewpoint. However, Gibson
(2009a and 2009b, pg 6) advocates that:
“…the sport media industry is at a crossroads as the global economic crisis impacts on
media companies, slowing revenue growth and narrowing profit margins.”
Pitts and Stotlar (2002, pg 79) defined sport marketing as:
“the process of designing and implementing activities for the production, pricing, promotion
and distribution of a sport product or sport business product to satisfy the needs or desires
of consumers and to achieve the company’s objectives”
This definition is further underpinned by Mullin et al., (1993). Coleman et al., (2002, pg
196) state that Sports marketing involves:
“…the selling of sponsorship rights to sporting events additionally utilising sports figures as
spokespeople to promote the purchase of sports and non-sports products and services.”
Blann and Armstrong (2007) argue that sports’ marketing is extremely complex as sports
has certain characteristics that make it unique citing that sport varies from other products
and services due to four distinct attributes.
Sports can be seen as largely intangible as you cannot touch sports teams. Tangibility in
sports occurs through the sale of replica clothing, DVD’s and seats in the stadium.
Furthermore, Sport is highly subjective and heterogeneous as the sports experience as
understandings vary dependent upon the viewer. Additionally, sports are extremely
incoherent and volatile with numerous factors that can affect the outcome of a result:
injuries to players, the emotional state of players, the momentum of teams, and the
weather (Blann and Armstrong, 2007). Moreover, Blann and Armstrong (2007) advocate
that sport is perishable as the sport experience is simultaneously produced and consumed
sport marketers often offer tangible items such as merchandise that aid our memory.
Finally, sports involve emotions as spectators and fans become emotionally attached to
their teams. Consumers do not often display such heightened emotions or psychological
attachment to other goods or products (Blann and Armstrong, 2007; Brooks, 1994).
Football clubs traditional aim is to be successful on the field. However, more importance is
now being placed on succeeding finically to obtain success on the pitch. Quirk et al., (1974)
advocate that sports marketer main task is to maximise profit. Sloane (1971) disputed this
and suggests sports marketers must maximise efficiency in order that supporters are
satisfied. Vrooman (2000) advocates both of these arguments stating that sport marketers
most equally maximise profits and satisfaction.
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This essay will examine current “credit crunch” and discuss its significant implications for
sports marketers by utilising Football as a case study. The essay will firstly focus on the
key issues created by the credit crunch namely Audience Figures and Sponsorship. The
essay will then propose the appropriate strategies that sports marketers can implement to
tackle the credit crunch to ensure long term sustainable growth.
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2.0 The Credit Crunch and Football
Chadwick (2009a) has argued that we actually don’t know because the value of the sport
economy as it is not measured. However, this essay proposes two potential areas within
the Football industry that are affecting sports marketers during the credit crunch; Audience
Figures and Sponsorship.
2.1 Audience figures
Firstly this essay will examine the affect the recession has had on the ticket sales in
football. Table 2.0 highlights the percentage change trends of consumers who pay to watch
sports at a venue. The table highlights that from the period 2004 to 2008 Football has a -
3.2 point change in consumers who pay to watch sports at a venue.
However, Rey (2009) highlights that attendance figures for the English Premiership have
only slightly dropped from 13,708,875 to 13,535,272, representing a 1.27 per cent
decrease. Table 2.1 highlights that nine of the twenty teams in the English Premier League
have shown an increase in attendance figures during the credit crunch. Stoke, Hull and
West Brom have all recorded significant increases in attendance figures due to their
promotion to the Premier League. Fulham also recorded encouraging audience figures due
to qualifying for the Europa League. These examples highlight how success impacts the
attendance figures despite the credit crunch. However, Middlesbrough who were relegated
from the English Premier League benefited from an increase in audience figures as well
suggesting that poor performance can still equate increased ticket sales. The figures in
Table 2.1 highlight the relationship between performance and attendance figures.
Table 2.0: Trends in sports paid to watch at venue, 2004-08
2004 2006 2008 % point change
% % % 2004-08
Football/soccer 11.4 11 8.2 -3.2
Rugby union 2.8 3.1 2.6 -0.2
Cricket 2.5 3.1 2.2 -0.3
Motor racing 1.4 1.4 1.5 0.1
Source: adapted from Mintel (2009a)
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Sports marketers must consider that mid-table teams are open to serious threats from
reduced attendances as they may have little to play for over the closing months of the
season. Football teams at the bottom of the table can often draw in fans keen to do their
bit in encouraging their team to safety. At the other end of the spectrum the top teams,
can rely on the big games selling out but may prosper from other games were occasional
fans who may be more likely to spend more within the stadium as part of their day out.
Secondary ticketing exchanges could become increasingly important in filling gaps. On-field
success and the media coverage and revenues this generates are a bigger influence on
clubs’ financial fortunes than the size of the crowds they attract. Attendances and
matchday revenues only come into play in separating clubs of a similar playing standard,
with Liverpool’s comparatively low capacity making them the poorest of the ‘big four’
Champions League qualifiers. Arsenal’s doubling of matchday revenue during the first
season in the Emirates Stadium highlights the enduring value of the stadium product.
However, despite these relatively positive figures research conducted by Mintel (2009b)
states that nearly a quarter of season ticket holders plan to cancel their tickets at the end of
the 2010 season. Mintel (2009a) comments that season ticket sales, which at most
Table 2.1: Premiership Attendance Figures
Team Average 07/08 Average 08/09 +/-%
Man United 75,691 75, 309 -0.50
Arsenal 70,070 60,040 -0.05
Newcastle 51,321 48,750 -5.01
Liverpool 43532 43611 +0.18
Man City 42126 42900 +1.84
Chelsea 41397 41588 +0.46
Sunderland 43344 40168 -7.33
Aston Villa 40029 39812 -0.54
Tottenham 35967 35929 -0.11
Everton 36955 35667 -3.49
West Ham 34601 33700 -2.60
Middlesbrough 26708 28429 +6.59
Stoke 16823 26821 +59.43
West Brom 22311 25828 +15.76
Hull City 18025 24816 +37.68
Fulham 23774 24344 +2.40
Blackburn Rovers 23944 23479 -1.94
Bolton 20901 22486 +7.58
Portsmouth 19914 19830 -0.42
Wigan Athletic 19046 18350 -3.65
Source: adapted from Ley (2009)
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Football clubs account for well over half of stadium capacity, offer a guaranteed level of
income until May 2010.
Research conducted by Pritchard et al., (2009) found that over a half of those sampled cited
external barriers such as work commitments, and a quarter recorded internal reasons like
personal or family priorities restricting their patronage.
2.2 Sponsorship
Secondly, the implications of the credit crunch on sponsorship will be examined. Sports
Sponsorship is seen as a strategic action (Carter, 1996; Gilbert, 1988; Otker, 1988). Slack
and Bentz (1996) state sports sponsorship involves:
“…the allocation of scarce resources with the intent of achieving certain organisational
objectives.”
Bennett (1999, pg 291) argue that:
“Sports sponsorship is an important marketing communications instrument that looks to
gain favourable publicity for a an organisation and/or its brands within a certain target
audience via the support of an activity not directly linked to the company's normal
business”
Fullerton and Morgan (2004) suggest that sports sponsorship based strategies have been
greatly impacted upon during the credit crunch with sponsors less willing to pay high
premiums (Mintel, 2009a). The credit crunch has caused organisations to scrutinise
budgets and sponsorship budgets. Due to this sport marketers are required to produce
inspiring sponsorship results as competitor’s battle for the attention of profitable sponsors.
Sponsors concerns over the potential for sports marketers to justify expenditure on what is
sometimes seen as a less measureable and quantifiable form of marketing, the industry
seems equipped to fight its corner and can in some cases offer better value for money than
traditional advertising Mintel (2009a).
Table 2.1 emphasises that even clubs that are deemed to be more successful are open to
the implications of the credit crunch on sponsorship. Man UTD’s loss of AIG as a sponsor
underscores the depth of the financial climate with the company going bust.
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Table 2.1: Major Sponsorship Concerns Affecting Football Clubs In the UK.
Newcastle
United
Northern Rock (UK tax payers) will continue to sponsor Newcastle until 2010 to the tune
of £5 million per year.
West Ham United
The XL Leisure Group went into administration in September 2008. They were one year into a three year deal as West Ham’s shirt sponsor, paying £2.5 million per year.
Manchester
United
AIG (American International Group) needed the US Government to bail them out with a
loan of $85 billion. There are two years left on the sponsorship deal worth £56.5 million
Bradford City
Bradford and Bingley have also been nationalised with assets sold to Spanish giant Santander.
Wigan Athletic
Wigan Athletic sponsors JJB Sports has seen the share price plummet by 60%. JJB’s sponsorship of the Wigan stadium and shirts ends at the close of the 2010 season.
Source: adapted from Mintel (2009a)
Additionally, Table 2.2 illuminates the major Football sponsorship deals in the United
Kingdom showing the amount of time remaining on the deals. This table highlights that
Football marketers must look to manage the relationships between their teams and the
sponsors to ensure longevity of the sponsorship agreement (Amis et al., 1999).
Table 2.2: Major UK sports sponsorship deals*, by total value of investment, 2008
Sponsor Involvement £m Time Remaining in
Years
Heineken UEFA Champions League € 80 3 (2011)
Chang Extension Shirt sponsor Everton FC 8 3 (2011)
Gulf Air Shirt sponsor QPR FC 7** 3 (2011)
Crown Paints Shirt sponsor Blackburn Rovers FC €5-6 3 (2011)
Scottish Government Title sponsor Scottish FA Cup*** € 2 2 (2010)
* and ** based on incentives and performance schemes
Source: adapted from Mintel (2009)
This report has thus far extrapolated the main problems the credit crunch has had on the
Football industry most prominently Audience Figures and Sponsorship.
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3.0 Implications for Sports Marketers
This section examines the possible strategies that sports marketers can exploit to tackle the
effects of the credit crunch on Audience Figures and Sponsorship. Chadwick (2009b)
believes customers should be defined as sponsors, commercial partners as well as fans and
spectators.
3.1 Tackling Audience Figures
As a result if the credit crunch Popcorn (2009) and Fisk (2009) emphasise the rise of
Mercurial Consumption where consumers are shopping more intelligently, seeking out the
best deals and comparing prices across numerous channels. Quelch (2008) argues that
organisations must adopt early buy allowances, extended finances and give generous return
policies to entice consumers during a recession. Howard and Burton (2002) advocate that
sport marketers should change prices depending on the market environment or the team’s
performance (increase prices as a team’s performance dramatically improves). Sports
marketers must establish how customers observe the value of their offering compared to
competitors and utilise this information to establish pricing strategies (Howard and Burton,
2002). Additionally, sport marketers are required to create and promote the consumer
experience that they offer so that the experience outweighs the financial cost (Howard and
Burton, 2002).
Football has seen the cost of tickets increase and during the credit crunch this may be a
difficult situation for sports marketers to manage. However, this also represents an
opportunity for sports marketers to cut admission price and gain favour among it’s the
team’s supporters (Mintel, 2009a). Quelch (2008) further advocates that price cuts attract
more support than promotions, sports marketers can additionally exploit this strategy.
Communicating to supporters that price cuts have been implemented could be an ideal way
to attract fans. However, sports marketers should incorporate limited availability and time
restrictions to encourage supporters to purchase.
Howard and Crompton (2004) stress that sports marketers can adopt differential pricing
such as: Flexible Season Ticket Packaging, Money-Back Guarantees and Web-Based
Ticketing. This strategy suggests that sports marketers must adopt a marketing orientated
approach during the credit crunch. Following a marketing orientated approach focuses on
the customers need and wants and recognises opportunities in the market place (Drucker,
1954; Felton, 1959 and Cespedes, 1990).
Differential pricing is based on the concept of price discrimination based upon the demand
that difference supporters have.
Loomis and Walsh (1997, pg 90) define price discrimination as:
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“…charging different prices for the same service where the price differences are not
proportional to differences in costs.”
Clowes and Clements (2003) advocate that price discrimination strategies are used by
many English Premier League teams. The price discrimination strategies include: season
ticket versus single ticket purchase; price reductions based on customer status and seat
location; and charging different prices for different opponents.
Howard and Crompton (2004) argue that price discrimination is dependent on three
variable factors: Quality of the opposing team, time (prices vary by different times of day,
week, or season of the year or first round versus championship game or match) and place
(prices vary by different seating locations). Football teams must allow fans the opportunity
to buy season tickets over extended periods of time and offer various financing options.
Football teams could even utilise extended return policies that allow fans to amend their
season ticket whether it be upgrading their package, moving seat or opting out of the
season ticket. Clowes and Clements (2003) investigation into English Premier League
pricing concluded that eight of the eighteen clubs sampled utilsed price packages. Sports
marketers can package games together in two or three match ticket packages to reduce the
impact of the credit crunch.
Howard and Crompton (2004) advocate that the theoretical arrangement that triggers all
commercial market transactions is social exchange theory which recognises transaction as a
two way process. Sports marketers of Football must ensure that both parties recognise
that the reciprocity in the exchange process is reasonable. If either a negative imbalance is
perceived then the relationship can be detrimental to the relationship and reduce loyalty
making too difficult to re-establish in the future. Social exchange theory fortifies sports
marketers’ decision to drive sales by reducing the risk fans incur in buying luxurious ticket
packages. Service guarantees in the shape of money back offers are a strategy that can be
used to contest the disparity in the exchange process by reducing monetary risk (Burton
and Howard, 2000). This pricing strategy could be successfully targeted towards those who
are purchasing season tickets for the first time as a method to reduce the cognitive
dissonance that occurs.
Sports marketers can increase ticket sales by utilising the Internet effectively (Howard and
Crompton, 2004). Internet based ticketing is more suitable for many consumers as fans
can see a clear map of the stadium and select the most appropriate seating area. This
option places part of the service experience in the hands of the supporter allowing sports
marketers to better balance expectations.
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Conversely, not all fans feel comfortable ordering online due uncertainty over the validity
and security of tickets and playing. To surmount this uncertainty sports marketing
practitioners can offer discounts to first time users and offer first choice on tickets.
3.2 Tackling Sponsorship
Mintel (2009a) highlight the nation’s obsession with football and stresses the importance of
the sport to the sponsorship market. Sports marketers must clearly communicate this
message to potential sponsors to ensure future income. Quelch (2008) states that brands
which increase advertising spends during a downturn can increase market share and return
on investment. Chadwick (2009b) suggests that sports marketers must be: ‘Fearless
Friendliness’, ‘Guarantee Grafters’ and ‘Loyalty Lovers’ in order to retain and attract
supporters and sponsors.
Chadwick (2009b) advocates that sports marketers who adopt the ‘Fearless Friendliness’
strategy will challenge the implications of the credit crunch. ‘Fearless Friendliness’ remain
close to customers maintain expenditure on sponsorship, direct marketing and public
relations. Sports marketers who implement this strategy can give the impression that they
are available and there for consumers even if they are not spending. Additionally, it allows
organisations to remain close to the market and understand the changing market dynamics
especially when the upturn happens.
Chadwick (2009b) sports marketers who are ‘Guarantee Grafters’ can offset the implications
of the credit crunch. This idea is based on the premise of the experiential consumption
paradigm (Pine and Gilmore, 1999; Schmitt, 1999) where supporters will attend the events
to escape the realities of life. Chadwick (2009b) argues that sports marketers must treat
their fans properly to ensure they leave with a good quality experience will be essential in
attracting and retaining customers. Chadwick (2009b) proclaims that this must manifest
itself in how sports marketers interact with sponsors. Sports marketers must make
sponsors feel like part of the family to ensure they remain engaged in the sport and
continue their investment during the credit crunch.
Additionally, Chadwick (2009b) argues it is a necessity that sports marketers are ‘Loyalty
Lovers’. During the credit crunch consumers are more prone to switch to better value
brands and better brand propositions. Quelch (2008) states companies counter such
behaviour is to implement loyalty programmes that pull customers closer. Sports
marketers can reduce the effects of the credit crunch by offering extra incentives to loyal
supporters such as meeting players, signing sessions and online discussions. Kahle and
Riley (2004) advocate that placing idol status can help during times of a downturn.
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In Figure 2.2 Cliffe and Motion (2004) advocate a conceptual framework that sports
marketers can utilise to attract sponsorship. Football marketers can use consumer,
stakeholder, channel and employee objectives to leverage sponsorship of the brand.
Adopting strategies based on this conceptual framework represents an opportunity for
Football marketers to reduce the implications of the credit crunch.
Figure 2.2: Conceptual Framework for Leveraging Sponsorship
Source: adapted from Cliffe and Motion (2004)
At consumer level Football marketers should look to leverage their brand awareness,
personality, experience and loyalty to manage sponsorship opportunities. Cliffe and Motion
(2004) state that recall and recognition of sponsorship can be used to attract sponsorship
and satisfy existing sponsors. Sports marketers must show sponsors that their brand will
be well received as a sponsor. Table 2.2 emphasises the value of a high-profile football
sponsorship in terms of exposure and awareness is demonstrated by the fact that
sponsorships of three of the ‘top four’ English football clubs achieve recognition levels of
around four in ten sports fans or higher (Mintel, 2009a).
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Table 2.2: Sports Sponsorships Recall
Sponsor/Team Recall %
AIG/Manchester United 47
Emirates/Arsenal FC 40
Carlsberg/Liverpool FC 38
Samsung/Chelsea FC 26
RBS/Six Nations Championship 18
O2/England rugby union team 18
Source: adapted from Mintel (2009a)
Additionally, sports marketers must manage the brand experience of their sponsors and
supporters and fans to reduce the implications of the credit crunch.
Kahle et al. (1996) describes the impact motivational processes like a desire for
camaraderie (group affinity) or self-expression have on fan attendance. Further efforts cite
positive links between a desire for eustress (stress that is deemed healthful or giving one
the feeling of fulfilment), group affiliation, entertainment, self-esteem enhancement and
identification on spectator patronage (Swanson et al., 2001). Shoham et al., (2000)
highlight the role identity construction and camaraderie play in motivating participation.
Others report desires like vicarious achievement (Cialdini et al., 1976), fantasy and fun
(Madrigal, 2006), excitement (Zuckerman, 1983), aesthetics and nostalgia prompting
spectator behaviour (Funk et al., 2004). Although fans can derive a range of experiential
benefits from attending, the gist of these studies suggest strong product desires increase a
patron's propensity to act.
Aaker (2004) argues that during times of hardship utilising nostalgia can be effective
strategy. Ballantyne et al., (2006) underpin this suggesting trust and familiarity is key in
times of uncertainty. James and Ross (2004) link motives behind sport event attendance
and the desire for assured experiential benefits. Coleman et al., (2002) further advocate
that sports marketers can utilise nostalgia. Football marketers can use the success of
previous teams and players in the communication of nostalgia. This will elicit a strong
emotional response from fans and supporters causing them to feel and extended sense of
loyalty with the club. If sponsor believe that the fans are proud of their traditions and they
with the brand value of the sponsor it can be argued as a tool that builds the relationship.
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3.0 Conclusion
In conclusion, this essay has examined the role of the credit crunch on sports marketing
practitioners working within the Football industry. Blann and Armstrong (2007) have
commented that balancing a company’s business objectives with consumer wants and
needs is a challenge in any industry but sport marketing is even more complex because
sport has certain characteristics that make it unique.
This essay has underlined that the overall trend of audience figures is declining during the
credit crunch. Mintel (2009a) highlight the relationship between performance and
attendance figures in the English Premiership. The essay has discussed the need for
Football practitioners to adopt various pricing strategies to combat the credit crunch.
Howard and Crompton (2004) and Quelch (2008) stress that sports marketers can adopt
differential pricing such as: Flexible Season Ticket Packaging, Money-Back Guarantees and
Web-Based Ticketing are an effective means to challenge the credit crunch.
Secondly this essay evaluated the role of sponsorship for sports marketing practitioners
during the credit crunch. Fullerton and Morgan (2004) suggest Sponsorship-based
strategies have borne the brunt of the impact of the economic environment in which they
are operating as marketers of non-sports products have begun to shy away from the sports
domain. Companies are cutting their costs, and marketing budgets, where most firms have
allocated their sponsorships, are among the prime targets for cost reduction. At consumer
level Football marketers should look to leverage their brand awareness, personality,
experience and loyalty to manage sponsorship opportunities. Recall and recognition can be
utilised to attract sponsors and satisfy existing sponsors (Cliffe and Motion, 2004).
Furthermore, Chadwick (2009b) suggests that sports marketers must be: ‘Fearless
Friendliness’, ‘Guarantee Grafters’ and ‘Loyalty Lovers’ in order to retain and attract
supporters and sponsors.
Audience Figures and Sponsorship can be seen as being uni-dimensional as they both
equally impact upon each other. Through the analysis in the essay it is feasible to conclude
that sports and particularly Football is recession resistant and certainly not recession proof.
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