Bloomberg

May 16, 2008

Big Brown is Even Money to Win Triple Crown

 

Taking a page from Nascar's book, UPS became the exclusive marketing partner of the Derby winner in an agreement with jockey Kent Desormeaux and IEAH Stables, the ownership group.

If Big Brown wins the Triple Crown, the valuation of the company's partnership ``would be phenomenal,'' said Eric Wright, vice president of research at Joyce Julius & Associates Inc., an Ann Arbor, Michigan-based company that measures the value of sports sponsorships. ``We struggle with any sense of how large it would be. It's uncharted waters.''

Exposure for UPS during the Derby, including the 56 seconds in which television viewers were able to see the company's logo on Desormeaux's pants, was estimated at $1.4 million by Joyce Julius.

A Triple Crown winner might boost a horse-racing industry dogged by the tragedies of Eight Belles and Barbaro. The two horses were euthanized after sustaining injuries in Triple Crown races.