When Paris Saint-Germain unveiled their €10 million jersey sponsorship with a leading global tech brand, few outside the executive suite paused to question what that hefty sum truly bought. At face value, the logo emblazoned across the chest of Neymar and Mbappé promised unparalleled visibility, and by extension, a slam-dunk marketing impact. Yet beneath this dazzling spectacle lies a murkier truth. What do brands really get when they commit tens of millions to football kit deals? How do they measure the elusive prize of return on investment in a partnership tangled among millions of media impressions, brand perception shifts, and intangible consumer loyalty?
The challenge is as old as sports sponsorship itself: how to extract meaningful, actionable insights from what often looks like a sprawling bundle of disconnected media value, partial sales lift, and social media chatter. This is where the sophisticated dance of measuring football sponsorship ROI comes into its own. The truth is, no single formula captures the entirety of a €10 million jersey deal’s impact. Instead, brands must embrace a multi-layered framework—one that harnesses financial returns, brand equity uplift, and consumer behavior shifts under a unified, adaptable model.
This article explores that complexity by pulling back the curtain on the hard numbers, the proven methodologies, and the subtle art of attribution, offering finance managers and marketing directors a practical blueprint for demystifying one of sport’s most expensive marketing gambits.
ROI Models
To talk about football sponsorship ROI is to navigate a landscape littered with half-truths and overgeneralizations. Traditional financial metrics—calculating net profit against sponsorship cost—capture only one dimension. A €10 million jersey sponsorship rarely translates directly into an extra €10 million in sales overnight. Rather, the investment fuels a cascade of hard-to-quantify benefits: from media impressions multiplied millions over, to incremental shifts in brand perception that accrete slowly but build substantial commercial value.
The starting point remains the classic financial ROI equation:
ROI = (Net Profit from Sponsorship – Sponsorship Cost) / Sponsorship Cost
But as straightforward as this looks, applying it to sponsorship is notoriously fraught. Sales often respond to multiple stimuli simultaneously—from TV ads to social campaigns—making it impossible to neatly isolate the impact of the jersey partnership alone.
The concept therefore expands into the domain of Marketing ROI (MROI), where the “return” encompasses not just immediate cash inflows but also lead generation, customer acquisition, and brand-building activities instrumental in driving future growth. Brands use sophisticated statistical tools and modeling techniques—regression analysis and multi-touch attribution models—to approximate the proportion of sales attributable to sponsorship influence.
More fundamentally, the most insightful frameworks marry financial returns with brand metrics. Brand equity—the perceived value a brand commands in the minds of consumers—has become central to modern sponsorship valuation. Elements such as awareness, favourability, credibility, and loyalty all hinge partially on a brand’s association with a club’s identity. Thus, Brand Equity ROI requires measuring shifts in these attitudes and translating them into monetary terms, often by benchmarking against similar shifts achieved via paid advertising or other marketing efforts.
Among the older but still widely applied tools is Equivalent Advertising Value (EAV), which attempts to prize up media exposure into a dollar (or euro) figure. Imagine a Sporting Lisbon match broadcast across Portugal and several European countries. If the sponsor’s logo is visible for 10 minutes in front of millions of viewers, what would it have cost to buy that same exposure in commercials? If a 30-second ad slot costs €15,000 in prime time and the logo receives exposure equivalent to the ad’s reach, then extrapolating those minutes into ad value can yield a rough estimate.
But EAV faces criticism for flattening the unique attributes of sponsorship into the same framework as paid media. The credibility and emotional resonance that a jersey deal bestows often multiplies value in a way raw airtime cannot capture. Some firms, such as Nielsen Sports, have proposed adjustments: multiplying raw EAV by a “quality multiplier” to account for prominence, sentiment, and audience engagement. It’s a recognition that millions of impressions don’t always equal millions in consumer enthusiasm.
Beyond media value, there’s the dimension of consumer behavior models. Market research firms frequently deploy pre- and post-sponsorship surveys to establish brand lift—measuring aided and unaided awareness, perception shifts across attributes (like “innovative” or “trustworthy”), preference, and purchase intent. These metrics elucidate how sponsorship trickles through consumer consciousness, creating opportunities for incremental sales or deeper loyalty.
In recognition of these complexities, many brands now adopt integrated sponsorship measurement frameworks, like the Sponsorship Value Chain. This approach links inputs (investment, rights assets) to outputs (media exposure, activation engagement), through to outcomes (brand metrics) and ultimate business impact (sales, profit). Such a chain depends heavily on transparent data flows across analytics tools, media monitoring, and market research platforms.
Yet, the greatest challenge remains attribution. When sponsorship is just one thread in a tapestry of marketing activities—from adverts to influencer partnerships—rigorous analytical methods are needed to isolate its impact. The horizon is moving toward advanced econometric models and machine learning-based attribution, which promise better precision but require rich datasets and methodological rigor.
For any €10 million sponsorship, the ideal ROI model is necessarily multi-dimensional, flexible to brand-specific goals, data-driven, and transparent about assumptions. This approach allows brands to move beyond anecdote and guesswork, creating tangible business cases for their investment.
Practical Example
Consider Aethel Inc., a burgeoning European smart home technology firm that commits €10 million annually to sponsor Sporting Clube de Portugal’s jersey. Unlike a global conglomerate chasing brand prestige, Aethel focuses on measurable outcomes: heightened brand awareness across Europe, a modern and innovative brand image, and demonstrable sales impact.
But a €10 million jersey deal is far more than a logo put on a shirt; it’s a complex, evolving asset ecosystem. Alongside primary shirt branding on men’s senior players—a focal point during Primeira Liga, Taça de Portugal, and European fixtures—Aethel leverages training and youth team kits, in-stadium LED boards, digital content rights, and player activations for fan engagement.
The brand’s team partners with Nielsen Sports to quantify media exposure. Sporting CP’s season features 34 league matches, a dozen domestic cup games, and European fixtures drawing average audiences of 2 million domestically and 5 million internationally. Aethel’s logo appears on screen cumulatively for an estimated 10 minutes per game, equating to hundreds of millions of impressions. Multiplied by an average CPM of €20 on television, this exposure alone translates into an Equivalent Advertising Value (EAV) of roughly €25 million. Applying a quality multiplier (say 1.2x) to capture emotional connection nudges adjusted EAV to €30 million.
While exposure is abundant, Aethel is mindful of the gap between watching and buying. They commission rigorous market research in their key markets—Portugal, Spain, France, Germany, and the UK—tracking brand awareness and perception before sponsorship kicks off, mid-season, and at season’s end. Encouragingly, aided awareness grows by 10% in Portugal and around 4% on average in other countries, with an uptick of 0.75 points on a 5-point scale indicating a stronger association with innovation. This uplift—quantified by comparing the cost of achieving similar results via digital campaigns—converts into an estimated €8 million in brand equity value.
Turning to sales, Aethel employs digital analytics and sales attribution tools to track behaviors linked to the sponsorship. Unique discount codes tied to Sporting CP fans generate €4 million in direct sales uplift. Indirect sales—correlated through heightened brand consideration and trust—add another €3 million. B2B leads gathered through exclusive club hospitality and networking events, assigned a conservative €500 per-lead value, net an additional €100,000.
Add all components: €30 million media value, €8 million brand uplift, and €7.1 million sales and business impact yields €45.1 million estimated value from a €10 million investment, a holistic ROI of 351%. This means for every €1 spent, Aethel gains €3.51 in combined commercial and brand value—far beyond a simple advertising equivalent.
The beauty of this model lies in its adaptability. For a brand prioritising awareness, media exposure and brand uplift dominate the equation. For a sales-driven player, the emphasis shifts to direct attribution and lead generation. Industries as diverse as automotive, finance, or sports apparel can tune the framework to their own unique objectives and markets, ensuring precision in measuring sponsorship ROI regardless of context.
Key KPIs
To pin down football sponsorship ROI, brands must look beyond single metrics and embrace a constellation of KPIs spanning exposure, brand health, and commercial impact. This suite enables a panoramic view of what truly moves the needle.
Media exposure metrics remain foundational. Television impressions, digital and social media reach, and share of voice within football’s vibrant media ecosystem quantify how many eyes meet the jersey logo and how often. Champions League matches regularly attract audiences in the tens of millions across Europe, meaning even modest visibility gains represent huge coverage. Adjusting those raw impressions into Equivalent Advertising Value translates abstract audiences into monetary proxies, providing crucial benchmarks. European clubs typically achieve between 3x and 5x multiples of their sponsorship investment in EAV, though rare heavyweights can push beyond.
Brand health indicators represent subtler, longer-term value layers. Aided and unaided awareness gauge brand memorability among football fans, while perception metrics—how “innovative,” “trustworthy,” or “dynamic” the brand seems—map the sponsorship’s emotional imprint. Brand consideration and preference affect purchase likelihood, while Net Promoter Scores offer insights into consumer loyalty shifts driven by the association. Social sentiment analysis reveals fans’ genuine feelings towards the partnership, flagging potential pitfalls or successes in real time.
Business impact KPIs make sponsorship ROI tangible to finance teams. Direct sales uplift tied to unique campaign codes or geographic spikes in sales coinciding with match days provide clear revenue links. Lead generation from corporate hospitality or digital activations adds pipeline value. Web traffic and engagement metrics, from referral volumes to time spent on site, show whether interest translates into action. Customer acquisition cost and lifetime value calculations sharpen economic insights into the sustainability of gains.
Engagement metrics offer vital feedback loops. Social media interaction rates suggest how well the partnership resonates, while event attendance and digital content consumption reveal whether fans aren’t just watching but participating actively. Internal KPIs, such as employee morale uplift and B2B networking outcomes, capture benefits that escape public scrutiny but contribute to organizational value.
Each KPI must be contextualized within European football’s media market and matched against historical benchmarks to avoid inflated expectations. For example, a 5-10% rise in aided awareness is a standard success threshold for a €10 million sponsorship in Portugal, aligning with recent findings from Portuguese market intelligence firms like Marktest.
Conclusions
Measuring football sponsorship ROI on a €10 million jersey deal is as much art as science, threading together streams of visibility, brand resonance, and commercial impact into a coherent narrative of value. The evidence suggests that traditional financial calculations alone drastically undersell these partnerships’ true power, masking the multi-layered contributions to brand equity and consumer behavior.
The critical innovation lies in adopting a comprehensive, quantitative model that embraces multiple dimensions. This combined lens—melding media valuation, brand uplift, and business outcomes—provides finance managers and marketing directors not just with numbers, but a strategic map. It clarifies what the brand truly earns and where to pivot to maximise returns.
Challenges remain, especially in attribution and valuing intangible benefits. Yet, advances in analytics, AI-powered attribution, and real-time data integration promise an era where sponsorship ROI becomes increasingly transparent and precise. Forward-thinking brands willing to invest in measurement and refine their strategies accordingly will reap outsized rewards and sustain competitive advantage.
The question, “How to measure the true return on a jersey sponsorship?” no longer calls for a simple answer. It demands a nuanced, adaptable framework fit for the complexities of modern football marketing. The practical ROI model outlined here stands as an evolving gold standard—a tool built not just to justify millions spent, but to unlock their fullest brand and business potential.
This is the future of football sponsorship ROI, and the path every brand must carefully navigate.
FAQ
How can brands effectively attribute sales to a jersey sponsorship?
Brands combine unique promotional codes, geographic sales analysis, web analytics, and multi-touch attribution models to parse out the sponsorship’s distinct contribution from other marketing channels.
Why is Equivalent Advertising Value (EAV) insufficient on its own?
EAV captures exposure quantity but misses the qualitative benefits of credibility and emotional connection sponsorship adds, necessitating adjustment with quality multipliers or complementary brand metrics.
What brand metrics matter most in evaluating sponsorship impact?
Aided awareness, brand perception (e.g., innovation, trustworthiness), brand consideration, and Net Promoter Scores collectively reveal how consumer attitudes shift due to a sponsorship.
How often should brands measure the ROI from a sponsorship deal?
Regular intervals are vital: baseline measurements before sponsorship launch, mid-season check-ins, and end-of-season assessments ensure insights track evolving impact and guide adjustments.
Can the practical ROI model apply to smaller sponsorship budgets?
Absolutely. The model’s principles scale with budget, with smaller deals focusing more on digital analytics and targeted research, while maintaining a multi-dimensional focus.
Sources & References
- https://nielsensports.com/sponsorship-insights/
- https://www.marktest.pt/
- https://www.uefa.com/insideuefa/news/newsid=2602724.html (UEFA Champions League viewership)
- Nielsen Sports, “Global Sponsorship Report,” accessed 2023-2024 edition
- Portuguese Football Federation (FPF) statistical releases
- Liga Portugal fan demographic studies


