Manchester City in multi-million pound Nike kit deal
This article comes from BBC News. Author is unknown. May 22.
Summary
:Manchester City, the one of the richest soccer club in the world, made multi-million contract with nike. Specifically, Man City has dealt its new kit with US sportswear giant Nike reported to the worth about $109m over six years. It changed its previous brand from Umbro to Nike. There is no economic disadvantages for Manchester City due to the fact that the new income from the its new kit will help boost Manchester City's commercial revenues. And Nike and Manchester City club assure that their market is going to stretch from Africa, Europe, Asia and the Americas.
My Opinion
:I think those richest sports club make a deal with only huge and giant companies. It means that a lot of small companies are losing their opportunities to improve their economic status at all. Therefore, more riches sports club should focus on small businesses. On the other hand, those contracts between huge companies create a huge economic advantages so that more workers can have change to work.
How does it relate...?
:As you see this situation, there are only few sports cloth companies such as Nike, Adidas, and Puma so that the small companies have no choice but to lose economic chances. However, the demand for Man City's new kit which is made by Nike will go up. It means that Manchester City would get more profit and produce more products.
How does it relate...?
:As you see this situation, there are only few sports cloth companies such as Nike, Adidas, and Puma so that the small companies have no choice but to lose economic chances. However, the demand for Man City's new kit which is made by Nike will go up. It means that Manchester City would get more profit and produce more products.
I love Manchester City and I hope they can win the league next season because Sir Alex Ferguson is gone now lol. Nothing special for Manchester United. Just that they have RvP?
ReplyDeleteYeah,, Man City need to use their money to their teammates for their development.
ReplyDeleteFor those who love soccer, it would be a really interesting news! I think soccer has a huge influence to economy.
ReplyDeleteBig soccer teams can afford to deal with big brands and does so to generate more profit. I don't think they will focus on small businesses when they can deal with bigger corporations which can give them far greater profit. Like most groups and individuals of the world, they exist to make money, not donate. Sad, but true.
ReplyDeleteGRACe
i think for sports club, weather or not small company would earn money is not their business and they will not care. i think sports club just wants to get good product, money, and maybe advertising their name. however, small companies cannot give big money to them, nor advertising their name as big companies does. So i think if small companies want to make a contract with famous sports club, they should work on making good products so that sports people would like it and want to buy it and those sports clubs would want to make a contract with them.
ReplyDeleteCooperating with big sports cloth market is inevitable. Since famous sports clubs have popularity, famous sports players might want to be in advertisement with high prices which will be given by famous sports market. However, in order to balance between big and small market, small business have to join with big market or they have to make creative ways to lure other clubs.
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