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Thursday, November 7, 2013

Sponsorships and Financials


Sponsorships and Financials

The new ASP World Tour infrastructure will be designed to meet the Global Sports League model (management, sponsorship, and broadcasting rights will now be centralized).

ESPN, YouTube, and Facebook partnerships are the first national and global media deals in surfing history.

ESPN deal is for three years (allows fans to watch highlights immediately after events)

(Document below contains past CFB TV deals, which a much lengthier).

Past TV Concerns:
A multi-day weather dependent sport (bowling has more TV coverage).

Doesn’t fit nicely into a 1-hour TV event.

However, Speaker says more than 100 million global fans either surf or watch pro surfing.
           
YouTube channel via ASP website will provide fans with 3,000 hours of content (26 live streamed events)
Surfing fans use social media more than any other sports fans.

The individual nature of surfing makes it tough to sell, so the goal is to sell the surfer’s stories.
Past image problems (fights, arrests, death due to drug overdose)

Quiksilver reduced sponsorship (cuts?), Nike canceled an event. New York debacle, or so-called debacle.
NY was considered a success yet the event never really took place (sad that’s how bad this has become)
                        -Weather challenges

“Not all surf brands enjoyed the promised revolution. Billabong and Quiksilver raised their green flags, while Vans and Rip Curl showed the red card.”


(((((The global research firm Repucom recently found surfer fans are the number one sports fans for sponsor consideration and loyalty in the U.S.)))))




Want to sell the surfers’ stories – how easy will they be to follow with all these widespread events?

New ownership for the first time in 30 years

Is there a lack of transparency? Is what should be accessible not accessible? Is there a clear vision for the future other than simply having a deal?

More brands that target women than men, so how do they better advertise for men?

The other hot-button topic surrounding 2014 and beyond is whether taking surfing mainstream will see the Tour back on city beaches, in shitty surf. So far, no one has got rich holding surf contests in the tropics. “The product itself will revolve around the best surfers and the best waves,” says Speaker using a familiar catchphrase, “and that’s the Commissioner’s part of it. We’ll make sure the broadcast is best of class and the interaction with fans is best of class and we’ll never sacrifice any of that for bad waves.” HHHMMMMMMMMMM

Per ASP World Tour 2014 website:
Sponsorship Marketing and Media Opportunities include:
            Tour-Wide Presenting
            Category Exclusives
            Regional Partners
            Event Title Packages

Dirk Ziff’s involvement?
            Bankrolling 25 million over 3 years. Can the ASP monetize the sport in that time?

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