Guess the title says it all.
I believe the NYTimes predicted this sort of thing in the article about Livestrong. Basically that sponsors would stand by the charity in the aftermath of Lance's doping scandal. Then, when the spotlight was gone, quietly let their commitments expire.
Whatever you think of Lance, or of Livestrong, you have to look at their fundraising approach in a cold, intellectual kind of way. They relied on the marketability of Lance's image. They turned this into commercial sucess for the 'Livestrong Brand.' Now that Lance is no longer marketable, the brand has lost a lot (though not all) of its earning power.
Livestrong has other fundraising avenues - charity rides, big dollar donors. But their failure to diversify their image and marketing has cost them dearly.
Live by the Lance, err...I mean, sword, die by the sword, I guess.
Nike cutting ties to Livestrong | www.statesman.com
I believe the NYTimes predicted this sort of thing in the article about Livestrong. Basically that sponsors would stand by the charity in the aftermath of Lance's doping scandal. Then, when the spotlight was gone, quietly let their commitments expire.
Whatever you think of Lance, or of Livestrong, you have to look at their fundraising approach in a cold, intellectual kind of way. They relied on the marketability of Lance's image. They turned this into commercial sucess for the 'Livestrong Brand.' Now that Lance is no longer marketable, the brand has lost a lot (though not all) of its earning power.
Livestrong has other fundraising avenues - charity rides, big dollar donors. But their failure to diversify their image and marketing has cost them dearly.
Live by the Lance, err...I mean, sword, die by the sword, I guess.
Nike cutting ties to Livestrong | www.statesman.com