• Loading stock data...
Tuesday, April 30, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

PepsiCo Donates to Diversify Soccer

  • PepsiCo is donating $1 million over three years to youth soccer initiatives in underserved areas of the U.S.
  • The initiative is part of a $570 million pledge the company committed to racial justice causes.
PepsiCo/Design: Alex Brooks

PepsiCo will donate $1 million to youth soccer programs in underserved communities over the next three years as an extension of its partnership with UEFA Champions League.

Last year, the company pledged $570 million over five years to racial justice causes. In March, it committed $40 million to support 4,000 Black and Hispanic students in community college programs.

The youth soccer initiative, “Team of Champions,” is intended to “help create transformational change for Hispanic and Black communities.” MLS player Javier “Chicarito” Hernández of the L.A. Galaxy lent his support to the program in his first move as a PepsiCo athlete.

Around a quarter of MLS players are Black, largely because the league attracts players from all over the globe. U.S.-born Black players account for around 9% of the league.

PepsiCo joins the numerous brands that made over $35 billion in racial justice commitments in 2020, though only a fraction of those were sports-focused.

  • Jordan committed $100 million to racial justice initiatives, and Nike added another $40 million.
  • Nike, Target, Chipotle, and Chevrolet are among the many companies that contribute to youth sports initiatives. 
  • Bud Light directed its “Thursday Night Football” ad spend to highlight Black-owned businesses.

PepsiCo has expanded its soccer sponsorships in recent years, and now partners with both the men’s and women’s UEFA Championship Leagues and several MLS teams, including New York City FC, the Orlando Pride, and FC Dallas.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Iowa Athletes Sue State, Citing ‘Unconstitutional’ Tracking of Gambling

They claim investigators didn’t get warrants, misled about the purpose of questioning.

Indianapolis Officially Vying for MLS Expansion Team

Questions arise about current plans for a stadium for its USL team.

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.
NYC-Mayor-Adams-speaks-at-NYCFC-trophy-presentation

MLS Finally Gets Its Own Piece of the Big Apple

New York will finally gain a soccer-specific stadium with plans approved for a facility in Queens.
podcast thumbnail mobile
Front Office Sports Today

How a Stanley Cup Run Lifts an NHL Franchise

0:00
0:00

Featured Today

Just Like We Drew It Up? Stadium Renderings Can Excite, Confound, and Anger

During a historic wave of development, drawings wield more power than ever.
The scene in the green room behind the NFL Draft Theater in Detroit on Tuesday, April 23, 2024. Thirteen college players who will be picked in the first round will be waiting in this large room with friends, family, agents and college coaches on Thursday night.
April 27, 2024

More NFL Draft Prospects Are Staying Home, and TV Networks Are Adjusting

Whether making or missing out on millions, more prospects are staying home.
April 21, 2024

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Silver Lake to Take Endeavor Private, Ending Tough Stock Market Run

Private equity giant Silver Lake is set to acquire the remaining shares it didn’t already own.
Exterior of Nike Company Store
February 16, 2024

Nike to Lay Off 2% of Its Workforce in Cost-Savings Effort

The sportswear giant hinted at staff cuts in a December earnings call.
DraftKings
February 16, 2024

DraftKings Trends Toward the Black, Buys Lottery App

The sports gambling giant continues to narrow its losses.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
February 7, 2024

ESPN DTC to Debut by Fall 2025, but Streaming Alliance Hastens Market Entry

Date set for stand-alone version of network, but new joint venture will beat that by a year.
January 22, 2024

They Make Sports Balls—and They Could Be Worth Almost $9 Billion

Amer Sports looks to raise as much as $1.8 billion in the public markets.
A view of a FanDuel sportsbook location.
January 18, 2024

FanDuel Strengthens U.S. Dominance Ahead of NYSE Debut

Flutter posts strong financial results as NYSE shares are set to debut Jan. 29.
The swoosh logo at Nike Eugene.
September 28, 2023

Nike Misses Revenue Wall Street’s Projections, But Company’s Stock Soar

The company offset the shortfall by exceeding expectations in earnings per share.