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Showing posts with the label Real Salt Lake

Livestrong Stadium Deal Sets Naming Rights On its Ear

In March Sporting Kansas City, a Major League Soccer (MLS) team announced that its new $200 million stadium, scheduled to open in June, would be named Livestrong Sporting Park, in honor of the Lance Armstrong Foundation. Moreover, it appears that Livestrong did not pay for the naming rights and is instead guaranteed a donation of no less that $7.5 million over the next six years. The money will come from a portion of ticket and concession sales to both MLS matches and other events held in the stadium, including concerts. This is the first time a nonprofit has received naming rights for a stadium in the United States. Normally, stadium naming rights go for millions of dollars, even for MLS stadiums. The MLS team in my modestly-sized market, Real Salt Lake, gets a reported $1.5 million to $2 million a year for naming rights from Rio Tinto, the global mining conglomerate headquarterd in London, but with a substantial presence in the Salt Lake Valley. Soccer is no stranger to causes. My f...

Big Cause Marketing From a Small Business

Years ago Junior Achievement had one of the most cleared-eyed policy manuals on cause marketing I’ve ever come across. It was insightful, strictly ethical, thorough, and filled with good ideas. And you’re going to have to take my word on all that because I can’t find it in my files or on the Junior Achievement website. If anybody has a copy, I’d love to see it again. But I wonder what that Junior Achievement policy manual would have said about this modest campaign from an AlphaGraphics store in Salt Lake City? In celebration of the store’s founding and the owner’s birthday, they’re hosting a BBQ benefiting Junior Achievement next Wednesday. Proceeds from the sale of the meal benefit the nonprofit charity whose three-part mission is youth development, education development, and economic development. The programs and materials at Junior Achievement (JA) are strong. It calls on more than 375,000 volunteers worldwide who serve tens of millions of kids. It has a clean operating record, a ...