Top Story

e4m_logo.png

Home >> Advertising >> Article

India Inc to spend Rs 100 crore on cricketers

14-December-2002
Font Size   16
Share
India Inc to spend Rs 100 crore on cricketers

Indian companies are spending almost Rs 100 crore on cricketers from India as well as other countries for endorsing their brands as the countdown begins for the World Cup in South Africa in February 2003.

The money was almost three times what companies had spent on cricketers during the last World Cup in England in 1999.

According to industry sources Sachin Tendulkar charged Rs 8-10 crore for a three-year contract, while Sourav Ganguly’s fees for an annual contract were around Rs 2 crore. An annual contract with Sehwag could cost up to Rs 1 crore.

While LG has signed up all the 14 captains of the participating teams, Pepsi, apart from eight Indian players including Sachin Tendulkar and Saurav Ganguly, has roped in the West Indies’ Carl Hooper, England’s Nasser Hussain, South Africa’s Jonty Rhodes and Australia’s Shane Warne.

Seagrams has inked pacts with eight international cricketers including Wasim Akram, Jonty Rhodes and Marvan Atapattu. Sahara already has the entire team under its banner.

Sehwag has been recently roped in by Himalaya Drugs, Adidas and Mayur Suitings. Many more are going to join the bandwagon soon. Even a company like South African Breweries, which does not believe in celebrity endorsements, is trying to rope in some cricketers as its brand ambassadors.

The new feature this time is that a large number of foreign cricketers have been roped in. Companies feel tying up with the international cricketers gives them an international positioning.

According to analysts, companies are making a beeline to the cricketers, thanks to the recent good performance of the Indian team at a time when Bollywood, the only other saleable brand in the country after cricket, is doing badly. Few films have done well on the box office and there is no superstar of the stature of Amitabh Bachchan.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO