The ability of sport to attract multi-million-dollar investments from sponsor brands continues apace. GlobalData’s The Business of the IPL 2023 includes an in-depth view and detailed evaluation of Kolkata Knight Riders’s sponsor partners. Buy the report here.
Kolkata Knight Riders’s total sponsorship revenue for the 2023 season is over $14.8m, with the biggest single investment coming from MyFab11, which is an agreement valued at $3.80m per year. However, sponsorship values vary greatly across the different levels of partnership opportunities offered by a rights-holder, all of which are detailed in the report, in addition to the revenues of the participating teams.
In total, Kolkata Knight Riders have sponsorship agreements with 20 brands in the 2023 season, with their top five partners accounting for 53% of the club’s total income from sponsorship.
According to GlobalData’s report, the highest-spending sponsor brands include MyFab11, BKT, Lux Cozi, JOY and Money9, among others. The table below shows the top ten sponsors of Kolkata Knight Riders in the 2023 season.
Clothing & accessories & beverages industries have struck the most deals
The clothing & accessories industry is the most heavily represented, totaling four agreements with Kolkata Knight Riders in 2023. This is followed by beverages, consumer goods, food and gambling.
For a brand, understanding which competitors and other sectors are partnering with which sports teams, and identifying future opportunities, and crucially, at what cost, is key information for commercial strategy planning. Meanwhile, for a rights-holding team, knowing what sponsorship revenues competitor teams and competitor sports are generating from each brand / sector is critical for increasing and maximizing commercial revenues, including identifying portfolio gaps and opportunities.
For more detailed analysis of all sponsor partners of Kolkata Knight Riders, as well as those of all other IPL clubs, buy the report here.