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 Royal Challengers Bangalore’s sponsor partners. Buy the report here.
Royal Challengers Bangalore’s total sponsorship revenue for the 2023 season is over $15.5m, with the biggest single investment coming from Qatar Airways, which is an agreement valued at $3.04m 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, Royal Challengers Bangalore have sponsorship agreements with 26 brands in the 2023 season, with their top five partners accounting for 54% of the club’s total income from sponsorship.
According to GlobalData’s report, the highest-spending sponsor brands include Qatar Airways, Happilo, KEI Wires and Cables, Jio and Hindware Homes, among others. The table below shows the top ten sponsors of Royal Challengers Bangalore in the 2023 season.
Consumer goods & beverages industries have struck the most deals
The consumer goods industry is the most heavily represented, totaling six agreements with Royal Challengers Bangalore in 2023. This is followed by beverages, food, automotive and financial services.
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 Royal Challengers Bangalore, as well as those of all other IPL clubs, buy the report here.