2020
DOI: 10.5937/bizinfo2002105d
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The impact of the COVID-19 pandemic on the advertising and sponsorship industry in sport

Abstract: The subject of this paper is to indicate how COVID-19 pandemic affects the advertising and sponsorship industry in sport. At a time when public indifference is becoming an increasingly insurmountable obstacle for the advertising industry, this branch of industry is now facing an even bigger problem. At the same time, while many athletes and sports entities largely depend on their sponsors, the vast majority of sports events in the world have been canceled. Some athletes earn many times more from their sponsors… Show more

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Cited by 13 publications
(9 citation statements)
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“…For most subareas of the sports sector, such as recreational participants, venues and facilities, sponsoring firms and broadcasters, sports clubs and tournaments, the effect has been rapid and extreme (Ratten, 2020). Sponsors have endured, particularly those who depend on a blend of event openness, athletic support and retail numbers (Dasic et al. , 2020).…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…For most subareas of the sports sector, such as recreational participants, venues and facilities, sponsoring firms and broadcasters, sports clubs and tournaments, the effect has been rapid and extreme (Ratten, 2020). Sponsors have endured, particularly those who depend on a blend of event openness, athletic support and retail numbers (Dasic et al. , 2020).…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Formula 1 has postponed numerous races in 2019 and 2020. Similarly, the famous Wimbledon tennis tournament was cancelled for the first time since 1945, and the International Olympic Committee decided to postpone the Olympic Games planned to be held in Tokyo in 2020, until the summer of 2021 (Dašić et al, 2020b). Taking into account all the above, depending on the long-term impact of COVID-19 on the economy, individual sponsors may be forced to terminate sponsorship agreements.…”
Section: State and Nation Branding Platform Through Sportmentioning
confidence: 99%
“…The COVID-19 virus is all around, and it has become a significant concern and anxiety at all levels. The World Health Organization affirmed a pandemic at the beginning of March 2020, which caused main changes in society and the economy (Mandarić et al, 2022;Trajkov et al, 2022;Perić et al, 2021;Neuburger & Egger, 2020;Dašić et al, 2020). All countries have activated their reserves, and the governments of all countries are wondering how long this will last, without finding a particular answer (Slavuljica-Gardašević, 2021).…”
Section: Introductionmentioning
confidence: 99%