honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Posted on: Tuesday, September 1, 2009

Olympics: Procter & Gamble sponsors US Team


By DAN SEWELL
AP Business Writer

CINCINNATI — The Procter & Gamble Co. says it will be a major sponsor of the U.S. Olympic Team for the upcoming winter and summer games.

The deal, being announced later Tuesday, comes a month after the world’s largest advertiser agreed to a major NFL sponsorship. It’s also a big boost to the U.S. Olympic Committee’s efforts to attract sponsors in a tough economy.
Financial details haven’t been released, though deals with companies of this size are usually worth at least $15 million.
The Olympics tie-in involves 17 of the consumer products maker’s brands, from Olay skin care to Pantene shampoo to Pringles snacks. Cincinnati-based P&G will be a sponsor for the Vancouver 2010 and the London 2012 games.