The agency is understood to be completing a TV campaign to run around Premier League coverage and the upcoming qualifying games for the World Cup in 2006.
For RKCR/Y&R, the assignment means a dramatic switch of allegiance. Last year, the agency won a brief to create a £10 million campaign for Carlsberg, focusing on its sponsorship of the 2004 European Championship football tournament.
The Anheuser-Busch brand is looking to capitalise more fully on its footballing links. "Budweiser has been associated with the Premier League for a decade, but a lot of people still don't realise it," an industry source said. "Now it wants to make the most of those associations."
RKCR/Y&R refused to confirm the win.