6.2 107 Big events like the Super Bowl or the FIFA World Cup are famous for their expensive and creative commercials. For example, do you know where the Emirates Stadium is? And why it is called that? buzz: attenzione mediatica hoarding: cartellone pubblicitario household: comune, familiare revenue: ricavi, entrate THE ECONOMY BEHIND THE GAME Money was never the motivation. It never should be in sports. Katharine Witt ADVERTISING Advertising plays a big role in the world of sports. It is one of the main ways sports teams, events, and athletes raise money. Companies use sports to promote their products because sport is watched by millions of people around the world: sports advertising allows them to reach a large audience and increase revenue. Types of advertising There are different types of advertising used in the world of sports. Each type has its own purpose and helps brands connect with fans in unique ways. TV ads: one of the most common types of sports ads is the commercial shown at sports events broadcast on TV during breaks in the game . Millions of people can be reached this way, and music, images, and words have the chance to engage the viewers on multiple levels. Sponsorship: many companies finance sports teams or sports events so as to have their logos and names associated with them. For example, in football and basketball, jerseys often show the name of a sponsor, just like some brand logos appear whenever an event like the Olympics is promoted. On-site ads: when you watch a game live, billboards, hoardings, and banners are often displayed around the site. These highly visible ads can be seen by both audiences and viewers at home, if the event is broadcast. Endorsement: athletes often collaborate with brands by supporting and promoting them to their fans. This type of ad feels more personal and can reach younger fans more easily. 200 LAW, ECONOMY, AND FSL Social media and digital ads: athletes, teams, and sports events promote themselves and their reputation on digital channels and social media, creating a stronger connection with fans by interacting with them and altogether reinforcing the association they have made with the brands that support them. Naming rights: companies may decide to contribute to the construction or maintenance of a stadium or arena to have them named after them with the hope of becoming a household name. Figures in sport advertising In 2024, global spending on sports media rights hit $60.9 billion, with an increase of 18.9% compared to the period before the pandemic. Big sports events like the Paris Olympics and UEFA Euro 2024 helped drive this growth. The cost of a commercial during an important sport event varies depending on the event s popularity, broadcast reach, and timing. To have an idea, the average cost of a typical 30-second commercial during the Super Bowl is about $7 million, whereas during the FIFA World Cup the average cost can vary from $500.000 to 2 million depending on the country.