IJSSER

Title: ROLE OF SPORTS SPONSORSHIP IN REVENUE GENERATION
Authors: Bhavya Pawar
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Bhavya Pawar Amity University, Noida
MLA 8 Pawar, Bhavya. "ROLE OF SPORTS SPONSORSHIP IN REVENUE GENERATION." Int. j. of Social Science and Economic Research, vol. 8, no. 4, Apr. 2023, pp. 731-736, doi.org/10.46609/IJSSER.2023.v08i04.013. Accessed Apr. 2023. APA 6 Pawar, B. (2023, April). ROLE OF SPORTS SPONSORSHIP IN REVENUE GENERATION. Int. j. of Social Science and Economic Research, 8(4), 731-736. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i04.013 Chicago Pawar, Bhavya. "ROLE OF SPORTS SPONSORSHIP IN REVENUE GENERATION." Int. j. of Social Science and Economic Research 8, no. 4 (April 2023), 731-736. Accessed April, 2023. https://doi.org/10.46609/IJSSER.2023.v08i04.013.
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ABSTRACT: Sports sponsorship's contribution to income generation has been a hotly debated issue in the business world. In return for opportunities for advertising or promotion, businesses back teams or sporting events financially through sports sponsorship. This essay looks at the value of sports sponsorship in terms of generating income for both the sponsor and the organisation being sponsored. The paper examines how sports sponsorship can aid businesses in gaining brand recognition, boosting sales, and cultivating customer loyalty. It also examines how athletic organisations can generate money for their operations and investments through sports sponsorship. The paper concludes that, if done strategically and with a clear grasp of the goals and objectives of both the sponsor and the sponsored entertainment, sports sponsorship can be a potent tool for revenue generation.

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