The
Olympics will be the second most valuable brand in the world. Yes, a brand that
exceeds in value the second only to Google and Apple, according to a study by
Brand Finance, a consultant who evaluated the four-year cycle of games, summer
and winter, at about 60.6 billion euros.
The
amount totaled only revenue in terms of sponsorship / advertising and
broadcasting rights, among which were registered in 2010, the Winter Games in
Vancouver, Canada, with those estimated for the summer issue of the Games, which
begin this Friday in London.
And
to Brand Finance, a consultant expert in the assessment of market values, the
Games as a global brand, worth more than giants like Google (60.5 billion), Coca-Cola
(39.7 billion) and Samsung (48.7 billion).
The
Sportcal, another consultant, estimates that the quadrennial games - compete to
each cycle of four years, between 'versions' of winter and summer - record
revenue of around 10.2 billion euros.
Both
companies, however, did not assess, for example, the value of the World Cup and
European football, and some disputes this model to evaluate the event in terms
of brand.
First,
it only takes into account the income regarding advertising and broadcasting
rights. Simon Chadwick, sports finance expert, argued that these figures
"show the willingness of the issuers and sponsors to pay for the right to
be associated with the Games".
"Values
are not necessarily an effective indicator of the true global value [brand]",
he continued, explaining that the data relating to publicity "just shows
the importance that the Games are for sponsors, not to consumers".
Thus,
critical to this assessment lies primarily with the disregard on the side of
consumers, “perceptions about the brand", gird up the brand value to
elements strictly economic.
Chadwik
also noted the need to take into account the costs for the host nation, and
that will often be overlooked, such as increased traffic and congestion and
crime. In addition, the International Olympic Committee (IOC), which collects
only a slice of cake 10% of total revenues, provides favorable conditions for
brands that want to join the Games.
The
entrepreneur says the example of McDonalds, which has no limits on their food
supply during the competition, or General Motors, U.S. giant that, even before
the Games began, "have had believed that the return on your investment “ that
have been around 255 million euros.