HSBC Ending British Cycling Sponsorship Early
HSBC Ending British Cycling Sponsorship Early
I did wonder when I saw the recent article "HSBC signals mass job cuts as profits plunge" whether it would have consequences for their sponsorship deal with British Cycling.
Now we know - "HSBC to end multi-million pound sponsorship of British Cycling at end of 2020"!
Now we know - "HSBC to end multi-million pound sponsorship of British Cycling at end of 2020"!
Former member of the Cult of the Polystyrene Head Carbuncle.
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Re: HSBC Ending British Cycling Sponsorship Early
I was wondering whether sponsorship deals had cancellation clauses in them and whether British Cycling are due any compensation for the deal ending early.
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Re: HSBC Ending British Cycling Sponsorship Early
Postboxer wrote:I was wondering whether sponsorship deals had cancellation clauses in them and whether British Cycling are due any compensation for the deal ending early.
Yes, to the first bit, no to the second.
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Re: HSBC Ending British Cycling Sponsorship Early
Marcus Aurelius wrote:Good.
Why is it 'good'..??
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Re: HSBC Ending British Cycling Sponsorship Early
Postboxer wrote:I was wondering whether sponsorship deals had cancellation clauses in them
Depends on the deal obviously. Evidently, this one does.
Postboxer wrote:and whether British Cycling are due any compensation for the deal ending early.
If one of the parties invokes a break clause, then no compensation is due as it is within the contract terms. Compensation would only be due had this not been the case.
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Re: HSBC Ending British Cycling Sponsorship Early
thatsnotmyname wrote:Marcus Aurelius wrote:Good.
Why is it 'good'..??
13 hours later. No explanation, as usual.
Shell sponsoring British Cycling
NB date.
"British Cycling has signed a long-term partnership that will bring wide-ranging support and investment from Shell UK as a new Official Partner. The agreement starts this month and runs to the end of 2030."
https://www.britishcycling.org.uk/artic ... nouncement
I'd bet on that failing under the pressure of public opinion.
Jonathan
"British Cycling has signed a long-term partnership that will bring wide-ranging support and investment from Shell UK as a new Official Partner. The agreement starts this month and runs to the end of 2030."
https://www.britishcycling.org.uk/artic ... nouncement
I'd bet on that failing under the pressure of public opinion.
Jonathan
Shell sponsoring British Cycling
Now over 2,000 responses to British Cycling's tweet:
https://twitter.com/BritishCycling/stat ... 0553069568
Jonathan
https://twitter.com/BritishCycling/stat ... 0553069568
Jonathan
Shell sponsoring British Cycling
An open letter of objection has been sent:
https://docs.google.com/forms/d/e/1FAIp ... w/viewform
Jonathan
https://docs.google.com/forms/d/e/1FAIp ... w/viewform
Jonathan
Re: HSBC Ending British Cycling Sponsorship Early
Just watching World Track Championships and notice that the Brits have a "Shell" emblem on the sleeves.
You'll never know if you don't try it.
Re: HSBC Ending British Cycling Sponsorship Early
The controversy could not have been unforeseen.
British Cycling
The Chief Executive of British Cycling has resigned:
https://www.britishcycling.org.uk/about ... -Cycling-0
https://www.theguardian.com/sport/2022/ ... shell-deal
... but the sponsorship continues...
We'll see.
Jonathan
https://www.britishcycling.org.uk/about ... -Cycling-0
https://www.theguardian.com/sport/2022/ ... shell-deal
... but the sponsorship continues...
We'll see.
Jonathan
Re: British Cycling
Bring back Eileen Gray it what i say!Jdsk wrote: ↑31 Oct 2022, 1:37pm The Chief Executive of British Cycling has resigned:
https://www.britishcycling.org.uk/about ... -Cycling-0
https://www.theguardian.com/sport/2022/ ... shell-deal
... but the sponsorship continues...
We'll see.
Jonathan
Convention? what's that then?
Airnimal Chameleon touring, Orbit Pro hack, Orbit Photon audax, Focus Mares AX tour, Peugeot Carbon sportive, Owen Blower vintage race - all running Tulio's finest!
Airnimal Chameleon touring, Orbit Pro hack, Orbit Photon audax, Focus Mares AX tour, Peugeot Carbon sportive, Owen Blower vintage race - all running Tulio's finest!
Re: HSBC Ending British Cycling Sponsorship Early
I had to look her up, I'm ashamed to say.
So now I'm better informed. Wow. Thanks.
Jonathan
So now I'm better informed. Wow. Thanks.
Jonathan