Financial crisis: optimism continues to prevail in the sponsorship market
According to Faspo, the professional association for sponsorship, the sponsorship industry has every reason to be optimistic about economic developments in the coming months, despite the economic crisis. The sponsorship sector is experiencing a boom.
According to the Faspo sponsorship association, the sponsorship industry has every reason to be optimistic about economic developments in the coming months despite the economic crisis, as the sponsorship industry is experiencing a boom. The reason for this is the stable medium and long-term commitment of sponsors with sports clubs, cultural and social institutions and other partners, which is cultivated by commercial enterprises.
Continuity in sponsorship is important in terms of the credibility of brands and companies, says Faspo President Bernd Reichstein. Companies check in advance exactly which of their brands are suitable for which sports club, cultural or social institution and then stand by them even in difficult times. This gives both sides planning security even in times of crisis.
Faspo sees another reason for the stable development of sponsorship in the strong sponsorship commitment of SMEs. The service sector and the supplier industry, which is dominated by SMEs, account for a large proportion of regional and local cultural, social and sports sponsorship. SMEs are significantly less susceptible to the upheavals of the global economy, according to the press release issued on Tuesday.
The fact that the sponsorship sector is resistant to crises, unlike the rest of the advertising industry, was already evident during the advertising market crisis in 2001, when sponsorship recorded above-average growth rates. This is in stark contrast to traditional advertising measures, which have not yet been able to return to the 2000 level.
Continuity in sponsorship is important in terms of the credibility of brands and companies, says Faspo President Bernd Reichstein. Companies check in advance exactly which of their brands are suitable for which sports club, cultural or social institution and then stand by them even in difficult times. This gives both sides planning security even in times of crisis.
Faspo sees another reason for the stable development of sponsorship in the strong sponsorship commitment of SMEs. The service sector and the supplier industry, which is dominated by SMEs, account for a large proportion of regional and local cultural, social and sports sponsorship. SMEs are significantly less susceptible to the upheavals of the global economy, according to the press release issued on Tuesday.
The fact that the sponsorship sector is resistant to crises, unlike the rest of the advertising industry, was already evident during the advertising market crisis in 2001, when sponsorship recorded above-average growth rates. This is in stark contrast to traditional advertising measures, which have not yet been able to return to the 2000 level.




