Major League Soccer Takes Step Up With New Captain Morgan Sponsorship

  • 📰 Forbes
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Captain Morgan is making an 8-figure commitment to partner with Major League Soccer and 5 of its teams

for its apparel deal, and in the few years since, MLS has added or renewed deals with the likes of Audi, Heineken, MGM Resorts, Home Depot and meditation app Headspace.Diageo’s spiced rum brand has agreed to a three-and-a-half-year deal, which starts this month and runs through the end of 2022.

Christina Choi, Diageo’s senior vice president for rum, tequila and gin, says the brand will look to add more team deals for the 2020 season. “This is really going to be our biggest and most integrated sports sponsorship,” says Choi. It also marks the first time that Captain Morgan will be a national partner with a major sports league.

“We’ve been really excited,” says MLS senior vice president of business development Carter Ladd. “Anytime you can be front and center with a market leader, that’s a great thing.” Ladd says the league spent the better part of a year speaking with various spirits brands, but ultimately the choice was obvious: “Captain Morgan was a clear leader in the clubhouse for us.”

Financial terms of the contract have not been released, although a source with knowledge of the deal says that, between the league and team partnerships, Diageo is making an eight-figure commitment across the term of the deal. That’s a significant investment, albeit an affordable one for a liquor conglomerate with a $100 billion market cap, and it’s logical given some disappointing sales numbers. Diageo’s stateside rum sales have lagged—Captain Morgan’s net sales in the United States were

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If only we had a team with a legit Captain named Morgan to partner with...oh well alexmorgan13 USWNT

Dumb move. It should sponsor USWNT instead.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major League Soccer Takes Step Up With New Captain Morgan SponsorshipCaptain Morgan is making an eight-figure commitment to partner with Major League Soccer and five of its teams.
Source: Forbes - 🏆 394. / 53 Read more »

Indians' Bieber shines at home to help American League past National League againShane Bieber went from a late addition in the 90th All-Star Game to an MVP perfo...
Source: Reuters - 🏆 2. / 97 Read more »

Major Improvements Are Coming To Blockchain In 2020Looking ahead at what blockchain technology needs to improve in order to gain mass adoption. 2020, will be the year of the big blockchain. gaiuschibueze for your attention Soon, heard that often.
Source: Forbes - 🏆 394. / 53 Read more »

Major US banks are the big winners as Deutsche Bank's business gets a massive shake-upMarket share for both trading and investment banking has already been shifting towards US banks over the past few years, Credit Suisse says. ETTD
Source: BusinessInsider - 🏆 729. / 51 Read more »

A new poll shows Trump has a major shot at being reelected in 2020There's still over a year until Election Day and a lot could change in the coming months, but Trump's re-election campaign is in a solid position. Thoughts and prayers, pedophile. Love our president! He LOVES AMERICA From pedophiles?
Source: BusinessInsider - 🏆 729. / 51 Read more »

https://people.com/Get the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Source: people - 🏆 712. / 51 Read more »