Why Diageo said ‘No’ to London 2012 sponsorship

Drinks company Diageo considered sponsoring London 2012, but decided against it.

Andy Fennell: Diageo turned down Olympics sponsorship
Andy Fennell: Diageo turned down Olympics sponsorship

"We won’t be sponsors of the World Cup or the Olympics," Diageo chief marketing officer Andy Fennell told delegates at the Cannes Lions Festival last week.

"It’s really expensive and hard to get a return."

Speaking to Marketing, he added: "Brands have to do [such sponsorships] on conviction. I’m sure some of them will get real benefit from being associated with the world’s most extraordinary sporting festival."

"Nonetheless," said Fennell: "If they try to do two-decimal-place ROI analysis, they will struggle, which is why most of them had board-level corporate conviction, and that’s what needs to happen."

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).