⛳ 𝑰𝒕 𝒘𝒂𝒔 𝒂 𝒉𝒆𝒍𝒍 𝒐𝒇 𝐚 𝒑𝒂𝒓𝒕𝒏𝒆𝒓𝒔𝒉𝒊𝒑: 𝑵𝒊𝒌𝒆-𝑻𝒊𝒈𝒆𝒓 𝑾𝒐𝒐𝒅𝒔
The partnership between #Nike - #TigerWoods which recently ended after 27-years, is what I consider "𝒐𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒆𝒔𝒕 𝒑𝒂𝒓𝒕𝒏𝒆𝒓𝒔𝒉𝒊𝒑𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒐𝒓𝒍𝒅 𝒐𝒇 𝒔𝒑𝒐𝒓𝒕𝒔".
A partnership built on 𝘚𝘩𝘢𝘳𝘦𝘥 𝘝𝘪𝘴𝘪𝘰𝘯, 𝘝𝘢𝘭𝘶𝘦𝘴, 𝘗𝘢𝘴𝘴𝘪𝘰𝘯 𝘢𝘯𝘥 𝘔𝘶𝘵𝘶𝘢𝘭 𝘙𝘦𝘴𝘱𝘦𝘤𝘵 that made both parties a load of money and created some iconic moments in sports.
What is next for Tiger Woods now? what is his Next Chapter going to be?
We don't know as yet, but one thing we do know is that times are changing and that we are currently witnessing a 𝐜𝐥𝐞𝐚𝐫 𝐬𝐡𝐢𝐟𝐭 𝐢𝐧 𝐚𝐭𝐡𝐥𝐞𝐭𝐞𝐬 𝐧𝐨𝐰 𝐰𝐚𝐧𝐭𝐢𝐧𝐠 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐦𝐨𝐫𝐞 𝐚𝐜𝐭𝐢𝐯𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐛𝐫𝐚𝐧𝐝𝐬 𝐚𝐧𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬.
A distinct departure from the 𝘵𝘳𝘢𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘢𝘮𝘣𝘢𝘴𝘴𝘢𝘥𝘰𝘳𝘪𝘢𝘭 𝘳𝘰𝘭𝘦 𝘰𝘧 𝘢𝘵𝘩𝘭𝘦𝘵𝘦𝘴 to now looking for a 𝘨𝘳𝘦𝘢𝘵𝘦𝘳 𝘭𝘦𝘷𝘦𝘭 𝘰𝘧 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘢𝘤𝘵𝘪𝘷𝘦𝘭𝘺 𝘴𝘩𝘢𝘱𝘪𝘯𝘨 𝘵𝘩𝘦 𝘥𝘪𝘳𝘦𝘤𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦 𝘣𝘳𝘢𝘯𝘥𝘴 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦𝘥 𝘸𝘪𝘵𝘩.
#MichalJordan pioneered this with his #AirJordan brand retaining ownership of his royalties, estimated to be around 5% of every Jordan sale made by Nike. Now we also see #LeBronJames with his involvement with companies like Blaze Pizza and his media production company, SpringHill Entertainment, and #RogerFederer with his strategic investment in On Shoes, to name a few.
Athletes also are recognising the 𝒑𝒐𝒘𝒆𝒓 𝒐𝒇 𝒕𝒉𝒆𝒊𝒓 𝒑𝒆𝒓𝒔𝒐𝒏𝒂𝒍 𝒃𝒓𝒂𝒏𝒅𝒔 and the influence they have on their communities. 𝘐𝘵'𝘴 𝘢 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘮𝘰𝘷𝘦 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘭𝘦𝘷𝘦𝘳𝘢𝘨𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘰𝘳 𝒍𝒐𝒏𝒈-𝒕𝒆𝒓𝒎 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒔𝒆𝒄𝒖𝒓𝒊𝒕𝒚, 𝒎𝒂𝒌𝒊𝒏𝒈 𝒂 𝒍𝒂𝒔𝒕𝒊𝒏𝒈 𝒊𝒎𝒑𝒂𝒄𝒕 𝒃𝒆𝒚𝒐𝒏𝒅 𝒕𝒉𝒆𝒊𝒓 𝒂𝒕𝒉𝒍𝒆𝒕𝒊𝒄 𝒄𝒂𝒓𝒆𝒆𝒓𝒔 as well as having more control over their own brands.
Am excited to see how this 𝑨𝒕𝒉𝒍𝒆𝒕𝒆-𝑬𝒄𝒐𝒏𝒐𝒎𝒚 will serve as a catalyst for 𝐚𝐭𝐡𝐥𝐞𝐭𝐞𝐬 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐦𝐨𝐫𝐞 𝐢𝐧𝐯𝐨𝐥𝐯𝐞𝐝 𝐢𝐧 𝐬𝐩𝐨𝐫𝐭𝐬 (𝐚𝐭 𝐚𝐥𝐥 𝐥𝐞𝐯𝐞𝐥𝐬) 𝐚𝐧𝐝 𝐩𝐥𝐚𝐲 𝐚 𝐛𝐢𝐠𝐠𝐞𝐫 𝐫𝐨𝐥𝐞 𝐢𝐧 𝐛𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲.
Exciting times!
#athletes #sportseconomy #sports #partnerships #innovation #sponsorship #marketing