What does toyota have to gain by becoming a sponsor

Assignment Help Accounting Basics
Reference no: EM131763339

Question: What does Toyota have to gain by becoming a sponsor? read article below to answer, 200 words.

The Vegas Golden Knights have signed a three-year partnership with Toyota, making the automotive company their first in-ice sponsor ahead of their launch later this year.

The deal will make the Southern Nevada Toyota Dealers Association the preferred automotive partner of the team in the non-luxury category, and includes branding elements throughout the bowl at T-Mobile Arena, including two dasherboard signs, Zamboni wrap and the in-ice logo, one of the highest-priced sponsor positions with NHL clubs.

Michael Mungiello, the team's vice president of global partnerships, said that revenue from the deal compares to competitive deals in other NHL markets of the same size, declining to comment further. The team is in discussions with several companies about the remaining three in-ice positions, Mungiello said.

In addition, the dealers association will activate alongside the team in Southern Nevada, providing a Toyota Siena for the team to use at its youth hockey, education and community outreach programs, as well as offering Golden Knights-related prizes for fans who test drive cars. Toyota is a sponsor of 13 other NHL teams.

Mungiello said the team expects to complete more deals in the coming months ahead of its inaugural 2017-18 season, including a naming-rights deal for its practice facility, on which it broke ground in October.

The Golden Knights have been approaching the market looking for deals without a lot of exclusivity, Mungiello said, as the team believes in its ability to speak to local, national and international audiences.

This is a global city, and while the major traction for us is going to always be local, I see national brands in play for us, and given our global reach, international ones as well, Mungiello said.

Reference no: EM131763339

Questions Cloud

Draft a java program to accomplish the following tasks : Draft a Java program to accomplish the following tasks. After you are done, send the original Java code along with screenshots of the result.
Task is to frame a position for a larger piece of work : The research section is designed to analyze and pull together all of the empirical research that has been conducted on your topic.
Discuss street improvement fund and governmental activities : Record this transaction in both the Street Improvement Fund and governmental activities general journals.
Record the entries for the assets above : Compute the depletion, amortization, and depreciation expense on December 31, 2006 for each asset listed above. Record the entries for the assets above
What does toyota have to gain by becoming a sponsor : The Vegas Golden Knights have signed a three-year partnership with Toyota, making the automotive company their first in-ice sponsor ahead of their launch.
When considering posets over a defined universe : When considering posets over a defined universe, will there necessarily be a single greatest element? If yes, explain why. If no, provide an example.
Accounting functions of thomson industries : As a part of your systems analysis project to update the automated accounting functions of 'Thomson Industries', a maker of popular washing machines
Employee motivation : Intrinsic and extrinsic motivation-Employee Motivation
Prepare pro forma statements for toys : Using the information above, prepare pro forma statements for Toys for You for the three months ending September and December 2016.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd