Stars like the Portugal captain, with 550m followers, are beyond the control of sport sponsors
Cristiano Ronaldo’s decision to remove two Coca-Cola bottles from view at a press conference, and dent the value of the fizzy drink maker’s sponsorship of the European Championship, has highlighted the risks brands face associating with sports stars made powerful by the social media era.
The Portugal captain, a renowned health fanatic who eschews carbonated drinks and alcohol, underlined his point by holding a bottle of water while saying “agua”, Portuguese and Spanish for water. The water brand in question happened to be owned by Coca-Cola too, but the damage – by a major sports star with 550 million social media followers – was done.
Continue reading...source https://www.theguardian.com/media/2021/jun/18/coca-colas-ronaldo-fiasco-highlights-risk-to-brands-in-social-media-age
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