How can sponsoring sports teams be profitable for companies.

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Just saw Spotify is going to pay 70 million dollars a year to have their name on the F.C. Barcelona t-shirt. How can this be profitable? Surely not that many people start using Spotify just because they saw it on their teams shirt right?

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Anonymous 0 Comments

Name recognition is a valuable advertsing strategy. If pricing was the same, would you buy Lay’s or Albert’s potato chips?

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