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> But this Visa deal, what on earth are people without Visa supposed to do? I just don't see how anyone sane could think this was a good plan, either from an Ol
by dangrossman 14y ago
> But this Visa deal, what on earth are people without Visa supposed to do? I just don't see how anyone sane could think this was a good plan, either from an Olympic organiser's point of view, or Visa's.
It's been working for the past 26 years that Visa has sponsored every Olympics game. This isn't a new thing. This is what pays for the Olympics even occurring. Their sponsors are exclusive sponsors. Visa's already committed to the next 4 games as well (through 2020).
As far as Visa's point of view:
> According to the U.S. Sponsorship Tracker, a Visa commissioned study following the Vancouver 2010 Olympic Winter Games conducted by Performance Research, an independent research company, Visa cardholders
who were aware of Visa’s Olympic Games sponsorship claimed a 16 percent and nine percent increase in Visa card usage in Canada and the US respectively. The same report found Visa’s brand equity was 32 percent and 38 percent higher among consumers who were aware of Visa’s sponsorship in Canada
and the US respectively.
http://corporate.visa.com/_media/olympic-games-media-kit/visa-and-the-olympic-games.pdf http://corporate.visa.com/_media/olympic-games-media-kit/vis...
- mvc 14y ago> This is what pays for the Olympics even occurring Even conservative estimates of the final cost of the Olympics are around 10bn. Visa paid only 100m so I think the games would have been fine without them.
- dangrossman 14y ago40% of the Olympic costs are funded by The Olympic Partner (TOP) program, of which Visa is a charter member. I was making a general statement about exclusive sponsorships making the Olympics possible, not Visa alone.
- cromulent 14y ago40% of Olympic revenues come from TOP. Revenues generally don't cover costs by a long way.