• Loading stock data...
Friday, October 18, 2024
The 2024 Best College Athletic Departments Are Here See the winning departments

Visa’s Sponsorship Of The Refugee Olympic Team

By: Zach Seybert, @zlseybert

Source: https://usa.visa.com/olympics/olympic-games-travel-and-spend.html

With the 2016 Olympics in Rio De Janeiro, Brazil kicking off on August 5, a number of athletes have decided to pass on the opportunity to compete due to injuries, the Zika virus or security concerns. These athletes include global names such as Steph Curry and LeBron James, the world’s top four ranked golfers (Jason Day, Dustin Johnson, Jordan Spieth and Rory McIlroy), and tennis star Roger Federer (Switzerland), who announced that he will not be competing for the rest of 2016 due to a knee injury, among others. For a list of notable athletes skipping the Olympics see graphic below.


Something that has not gotten much media attention due to the overshadowing of these high profile athletes not participating is the creation of the inaugural refugee team competing in next month’s Olympics.

The International Olympic Committee (IOC) introduced this team to draw global attention to the plight of refugees. On July 20, the world’s largest payments network, Visa Inc., announced that it had signed sponsorship with each of the team’s 10 athletes, becoming the first corporate sponsor. This partnership encompasses the global nature of the Olympics and is fitting given that the team will be competing as world representatives.

The team is made of up six men and four women, who will compete in swimming, judo and athletics events and will march in the opening ceremony carrying the Olympic flag just before the host country of Brazil. They were named to the Refugee Olympic Team (ROT) by the Executive Board of the IOC. All of the athletes are required to have official refugee status as granted by the United Nations. For more information on official refugee status, click here for the United Nations designation.

*Roster information from: https://www.olympic.org/news/refugee-olympic-team-to-shine-spotlight-on-worldwide-refugee-crisis

Visa’s Chief Marketing Innovation and Brand Officer, Chris Curtin, said this sponsorship ties into the concept of acceptance which is one of the main messages behind the company’s Olympic campaign. The company can use the refugee team in their marketing campaigns, per the IOC’s approval.

This deal with the inaugural refugee team comes after Visa had previously announced a sponsorship deal with Syrian refugee and elite swimmer, Yusra Mardini, who, with her sister, swam for more than three hours in the open sea to get to Greece after her small boat capsized. Additionally, she helped more than a dozen people who could not swim reach the shore.

*Example of Visa’s sponsorship with Yursa Mardini. Photo via brandchannel.com.

As part of the IOC’s pledge to aid potential athletes affected by the worldwide refugee crisis, National Olympic Committee’s (NOCs) from around the world were asked to support and identify with members of the ROT for the 2016 Games. With this support, the athletes could receive funding from Olympic Solidarity to assist with their preparations and qualification efforts. Olympic Solidarity was founded in 1961 and, according to Olympics.org, “is the body responsible for managing and administering the share of television rights of the Olympic Games that is allocated to the NOCs.” Rule 5 of the Olympic Charter says, “The aim of Olympic Solidarity is to organise assistante to NOCs, in particular those which have the greatest need of it. The assistance takes the form of programmes elaborated jointly by the IOC and the NOCs, with the technical assistance of the IFs (international sports federations), if necessary.”

In addition to the Refugee Olympic Team, Visa is working with 60 Olympians and Paralympians leading up to the games in Rio, including US athletes Missy Franklin, Kerri Walsh Jennings and Ashton Eaton.

In a way, not only has Visa become the team’s first corporate sponsor, but the various NOCs that are supporting the athletes have also become sponsors for the inaugural Refugee Olympic Team. Regardless of their performance over the roughly two weeks of competition, this team is raising awareness on a global scale while paving the way for future refugees to compete in sports.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 20, 2024; London, United Kingdom; The New Balance FuelCell MD-X spikes worn by Gabrielle Thomas aka Gabby Thomas (USA) in the women's 200m during the London Athletics Meet at London Stadium.

Olympic Sprinter Sues New Balance Over ‘Cracked’ Shoes

Khamica Bingham is a two-time Olympic sprinter for Canada.
Hurdlers Masai Russell and Jasmine Camacho-Quinn in a race

Two New Wealthy Track Startups Are Feuding Over Athlete Deals

The Athlos founder went after his rival on social media.
Kenyan runner Faith Kipyegon

At Athlos, Speed Cost More Than $84,000 per Minute

Speed kills. But it doesn’t come cheap.
Masai Russell

Gold Medalist: ‘Sad’ It Took Until Now to Promote Women’s Track

ESPN+, YouTube, DAZN, and Twitter are all showing the event.
podcast thumbnail mobile
Front Office Sports Today

Rays’ Stadium Won’t Be Ready by Opening Day. What Now?

0:00

Featured Today

Sep 15, 2024; Kansas City, Missouri, USA; Kansas City Chiefs fans celebrate after a touchdown by Kansas City Chiefs wide receiver Rashee Rice (4) during the first half against the Cincinnati Bengals at GEHA Field at Arrowhead Stadium.

‘This Is My Whole Life’: How Swifties Became NFL Superfans

The “Chiefties” have arrived. And they are “fully committed” to football.
Sep 21, 2024; Boulder, Colorado, USA; Colorado Buffaloes quarterback Shedeur Sanders (2) walks through Buff Walk before the game against the Baylor Bears at Folsom Field.
opinion
October 11, 2024

The NIL Era Is a Wild West. Is Anyone Surprised?

Amateurism is dead and college athletes are professionals. How’s that working out?
October 11, 2024

‘We’re Ready for FBS’: Sacramento State Is Serious About the Jump

How the Hornets got themselves on the short list of potential call-ups.
Duante' Abercrombie News Ch.4 interview
October 9, 2024

Tennessee State’s Ambitious Plan to Launch an HBCU Hockey Program

TSU has big plans, but the university is facing an existential dilemma.
Sponsored

Rivalries Reign Across Red River and the Beltway, London Calling

According to data from TickPick, renewed battles between bitter foes are spiking ticket prices.
Kylian Mbappe at the 2022 World Cup final at Lusail Stadium
September 12, 2024

PSG Says It Will Fight Order to Pay Mbappé $61 Million in Salary Dispute

The French league’s legal commission gave a nonbinding order Thursday.
Sep 30, 2024; El Segundo, CA, USA; The Nike shoes worn by Los Angeles Lakers guard Bronny James during media day at the UCLA Health Training Center.
October 1, 2024

Nike Avoids Surprise With Expected 10% Sales Dip

New Nike CEO Elliott Hill starts his role Oct. 14.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
August 1, 2024

Factle – now on Front Office Sports

Hello, Factle player! You might notice that the game looks a bit…
Sponsored

How Sportradar and the NBA are Partnering to Fuel Fan Engagement

How Sportradar and the NBA are utilizing data to enhance fan engagement
Sponsored

MLS’ Chris Schlosser on Pioneering the Digital-First Sports League with AI

Chris Schlosser discusses MLS’s growth and digital transformation.
Oakland-A's
April 25, 2023

Oakland A’s Could Share Stadium with Triple-A Team

The Oakland A’s could be searching for a place to play.