What a conundrum that would create - as there is no way that you can frequent the shirt sponser AND fit in the shirt comfortably....
Could you imagine how many hamburgers an In-N-Out stand or truck would sell at a game? I mean....that would be a SERIOUS upgrade to the game day experience.
Is it worth revisiting this thread now that it has been decided by the govt. that Herbalife actually IS/WAS a pyramid scheme? http://www.latimes.com/business/la-fi-herbalife-settlement-20160715-snap-story.html Could this $200m settlement have any implications on their continuing as our sponsor?
I hope so. The day the Galaxy drops Herbalife from the shirt will be a happy day for me as a fan, and depending on who the next sponsor might be, maybe I'll buy a jersey again. #AnyonebutHerbalife
It seems the implication would be "well, they've settled their issues with the FTC. Expect to receive their next payment as scheduled." From the linked article, the words used by the FTC chair were (for whatever reason) careful to not conclude that Herbalife was operating as a pyramid scheme but instead acted "unfairly."
Nope. Herbalife earned $339 million on sales of $4.4 billion in 2015. $200 million might hurt their 2016 margins, but I’d bet they’ll figure out a way to write off the settlement and substantial reduce their tax burden mitigating and dramatic drop in profit. Wall Street certainly sees this as a good thing Herbalife stock is up over 10% this morning. The lawsuit has been going for two years, revenue has increased year-over-year so it’s not scaring off potential salespeople and I suspect the edict that they must “fundamentally change the way they do business” will be about as effective as the ones imposed on banks after 2008.
Probably any number of companies. Chevrolet is paying $150mm for Manchester United. Samsung was paying over $16mm for Chelsea (since expired). Note, I am not saying that the Galaxy are even in the same ball park, in terms of exposure but the money isn't the close either. FWIW, Stub Hub is reportedly paying around $10mm for the naming rights to the Stub Hub Center.
True, but no company who could stepped forward with a better offer back in 2012. Seattle’s Xbox deal is closest of the published MLS kit sponsorship deals at $4 million for 5 years. I could see Etihad “paying” more, but I don’t see anyone else on the list likely to crack $4m. At the time I was skeptical committing to a 10 year deal as I thought there was potential for the league to grow at a rate making $4.4m seem undervalued, but almost halfway through the deal, it seems to have been pretty well negotiated.
Yep. This news is not bad for Herbalife. It is really bad for Pershing Square and Bill Ackman though. Fortune estimated he lost $500 million on his short position on the stock. He would have been better off outbidding Herbalife for Galaxy jersey sponsor.
I am not a defender of Herbalife and am in the camp that my next jersey will come when that company is no longer affiliated with LAG. Having said that, your first sentence is just inaccurate. That's not what happened at all. AND, if it were true that the government was sure it was a pyramid scheme, the govt. settled SOOO cheaply that somebody should be impeached. No question this was a huge win for Herbalife.
[QUOTE="The Cadaver, post: 34335159, member: 11548]No question this was a huge win for Herbalife.[/QUOTE] I agree. IIRC from the Times article, the settlement allowed Herbalife to continue to mislead and rip-off people in foreign countries where they get 80% of their revenue. The company does have to clean-up its act in the US.
I'm actually a little jealous of this amateur team. Having an adult site as a sponsor might seem to have more dignity than a MLM. Porn site @RedTube becomes shirt sponsor for Massachusetts football team @WashingtonSqFC 👀 #ThingsYouWontSeeInMLS #football pic.twitter.com/E5CG7mCgS0— Tifosy (@tifosy) June 6, 2017
While they probably provide better value for their customers than Herbalife, I am not sure that either is a winner for jersey sales. Now if Tesla, or SpaceX decided to sponsor the Galaxy, that would be a winner
NEWS: #LAGalaxy name Universal Studios Hollywood as exclusive theme park partner of the club & @StubHubCenter: https://t.co/X7MOSLUJwf pic.twitter.com/lN8VHUBp8b— LA Galaxy (@LAGalaxy) June 15, 2017 LA Galaxy Names Universal Studios Hollywood as Exclusive Theme Park Partner of the Club and Home Stadium ... Business Wire
God damn it, not again. (Also thought about making a joke about getting excited and the shirt sponsor of that amateur team but decided against it)
Sorry to get your hopes up. I would love to read this joke of yours but I can accept your decision not to post it.