What are some famous sports sponsorship failures?
One notable failure was the Reebok deal with the NFL in the 1990s, which didn't resonate with fans.
Why did the Reebok deal fail?
The deal failed because Reebok's branding didn't align with the NFL's image, leading to poor sales and fan engagement.
Can you give another example?
Sure! The 2006 deal between the NBA and the Chinese sportswear brand Li-Ning struggled due to lack of market penetration.
What lessons can brands learn from these failures?
Brands should ensure alignment with the sport's values and engage with the target audience effectively.
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