What's the difference between a sponsorship and a partnership in motorsports?

Answered in: 2023 Off Road Fall Sponsorship Summit 3

The Answer

According to Nate Hunt from BFGoodrich, the industry has moved away from the word 'sponsorship' toward 'partnership' because true partnerships require effort from both sides. In a sponsorship mindset, the brand gives money and the athlete puts stickers on the car. In a partnership, both parties try to over-deliver: the athlete exceeds performance and promotional expectations while the brand provides better support, equipment, and promotional opportunities. As Caden MacCachren explained, it's about building genuine relationships - Nate isn't just the guy putting tires on his car, he's a friend Caden calls when things go wrong in life. The relationship extends beyond the transaction to include the many people behind the brand who work hard to make that name what it is.

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