The
annual investment Target makes to Ganassi Racing's IndyCar
Series team isn't public knowledge, but its return is.
Research
conducted by Joyce Julius & Associates, which measures sponsorships across
all forms of media, showed that Target's name or logo was monitored for more
than four hours and 31 minutes during the recently completed season.
The
value? About $16 million.
Target
sponsored the cars of Scott
Dixon, who won the Indianapolis 500 and the season championship, and Dan
Wheldon. The company drew 166 mentions on ABC, ESPN, ESPN2 and ESPN
Classic.
Forty
percent of the value, or $6.4 million, came from the 500. On average, the
sponsors in the top 10 of the Indy Racing League realize 53.2 percent of
their television exposure from the marquee event.
Motorola,
the primary sponsor on Danica
Patrick's car, collected $6.9 million in exposure in 2008, with
nearly 70 percent of its season-ending total stemming from the Indy
telecast.
The
rest of the top five sponsors were 7-Eleven ($4.7 million in exposure
value), GoDaddy.com ($4.7 million) and McDonald's ($4.6 million).
Primary
sponsorships in the IndyCar Series range from $2.5 million to $7 million