Ganapathy Viswanathan, VP, Optima Response, wonders if logo branding on players’ jerseys is worth the money spent
May 22, 2013
If sources are to be believed, the main brand emblazoned on the players' shirts across the chest in IPL costs a company a whopping Rs 200 million. The secondary branding (the smaller brand logos) costs around Rs 50 million. Is it worth so much for brands to buy logo or branding space across the several options available?
One needs to carefully examine and see how much a brand can leverage such displays to gain mileage. While cost is one factor, there are several other factors right from brand fit to brand relevance that one needs to think over before deciding to put one’s brand on the shirts of the IPL players. From my observation one needs to look at the following criteria before taking a deep dive in sponsoring a brand on a player’s jersey:
Finally, I think if brands are paying such huge amounts only for branding, they are not getting their money's worth. Once a company pays for the branding, it should spend three to four times that amount in media and activation to promote the brand association. This is where most companies falter as they don't exploit the association with a team to the maximum. You may as well not pay for just the logo on the apparel but instead take television spots or use other media to get visibility for your brand during the IPL season.
(Ganapathy Viswanathan, Vice-President, Optima Response, has over two decades in Communication, Branding and Public Relations. He has worked with several large agencies such as Ogilvy & Mather, Lowe and Mudra Group. His last assignment was in PR as General Manager – West of 2020 MSL.)