Tiger
Woods wins major in 11 years
Tiger
Woods, who was called a golf emperor in the 2000s, won the US professional golf
major title in 11 years. Woods has been sluggish after winning the US Open in
2008, and it was hard for him to win the general tour because of several other bad news including
injuries. But the Masters
championship has been a great victory, everyone’s paying attention whether
Woods will break Jack Nicklaus’s record for most wins in the championship.
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Woods
won the game, and Nike get the benefits?
Woods
won a lot of championship prizes. But it's called "Nike," which has got
the greatest gain in the championship. Nike is the exclusive sponsor of Woods,
who won many intangible benefits as he continued to be exposed to the Nike
brand in clothes and hats when he won. Woods has also won a green jacket as a
Masters champion in 14 years, and the impression coming from it is that he
believes Nike will be able to increase its brand value. Nike will be worth
about W25.5bn when it comes to profiting from winning the tournament.
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Marketing
Sports star that can be a double-edged sword
Brand
marketing using sports stars does not always bring good results. A player who
wears a sponsored brand of equipment or clothes may give bad grades, or the
image may fall at the moment of failure of brand equipment. In 2018, the most
prospective athlete in the U.S. College Basketball Final was injured in a
shattering outsole after a Nike basketball game in 33 seconds, making it one of
the worst things that made Nike's image worse.
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As
mentioned above, there may be some disadvantages, however, because every time a
sport game is broadcasted on TV, the brand that is worn by the athletes and
clothing is exposed to the media. It is said that the more popular sport event
and the more famous and well-known players make the cost for trademark exposure
sky-rocketting because the trademark is frequently exposed by them. Still, many
companies seem to want to sign their brands with famous sports clubs or
athletes because of the benefits of getting a lot of profits like the
relationship between Nike and Woods.