ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Olympic Committee's Beer Sponsorship Ignites Debate Over Alcohol's Role in Sports

In a historic move, the International Olympic Committee partners with AB InBev, introducing beer sponsorship amid cheers and criticisms.
PUBLISHED FEB 2, 2024
Cover Image Source: The Olympic Rings sit on display outside the International Olympic Committee (IOC) Headquarters | Getty Images | Photo by David Ramos
Cover Image Source: The Olympic Rings sit on display outside the International Olympic Committee (IOC) Headquarters | Getty Images | Photo by David Ramos

In a controversial move, the International Olympic Committee (IOC) recently announced its partnership with beer giant AB InBev. The historic deal, sealed at a London bar, raised both cheers and eyebrows, marking the first-ever collaboration between the Olympics and a beer company. The sponsorship, spanning the next three Olympic Games, including Paris, Milan-Cortina d’Ampezzo, and Los Angeles, is set to redefine the dynamics between sports and alcohol consumption.

President of the International Olympic Committee Thomas Bach | Getty Images | Photo by Dan Istitene
Image Source: President of the International Olympic Committee Thomas Bach | Getty Images | Photo by Dan Istitene

IOC President Thomas Bach stated, "This partnership, from our perspective, is a perfect match." Led by the promotion of an alcohol-free beer, Corona Cero, the deal aims to carve a niche in the growing market demand for non-alcoholic drinks. However, not everyone welcomed the news with enthusiasm, with critics questioning the appropriateness of aligning the revered sporting event with a beer company.

Campaign groups, including Alcohol Change UK, voiced concerns about the incongruity of an event like the Olympics associating with a beverage often linked to health risks. Andrew Misell from Alcohol Change UK said, "Alcohol and the Olympics are certainly an odd pairing, given the athletes competing at this top level often do not drink alcohol at all as they prepare to take part in the Games."

AB InBev CEO Michel Doukeris and IOC President Thomas Bach | Getty Images | Photo by Stuart C. Wilson
Image Source: AB InBev CEO Michel Doukeris and IOC President Thomas Bach | Getty Images | Photo by Stuart C. Wilson

Despite reservations, AB InBev's entry into The Olympic Partner (TOP) program, the highest level of Olympic sponsorship, follows the trend of major brands seeking visibility during the globally watched event. With other TOP partners like Coca-Cola, Visa, and Deloitte, AB InBev sees this collaboration as an opportunity to tap into the lucrative sports market. 

However, the introduction of beer in the Olympics has sparked discussions within the public health community. Efforts to restrict alcohol marketing, described as poorly regulated by the World Health Organization (WHO), face challenges when such sponsorships are endorsed by esteemed organizations like the IOC. 

The IOC and AB InBev assert that they are just responding to the growing demand for non-alcoholic alternatives and nothing else. Marcel Marcondes, Chief Marketing Officer at AB InBev, emphasizes the partnership's goal to promote moderation, citing Corona Cero as a leading solution. Bach further echoed this sentiment, framing the focus on an alcohol-free brand as a commitment to social responsibility and a healthy lifestyle.

London Mayor Boris Johnson hands over the Olympic flag to Jacques Rogge the President of the International Olympic Committee | Getty Images | Photo by Pascal Le Segretain
Image Source: London Mayor Boris Johnson hands over the Olympic flag to Jacques Rogge | Getty Images | Photo by Pascal Le Segretain

The juxtaposition of alcoholic and non-alcoholic versions of a brand, like Corona Cero, raises concerns about how consumers perceive and distinguish between them. Critics argue that such marketing efforts could inadvertently advertise an alcohol brand, impacting public health by increasing familiarity with alcoholic beverages.

France's strict advertising laws, particularly under "La Loi Evin," present additional challenges for the visibility of alcohol-related branding during the upcoming Paris Olympics. Alcohol sponsorships are banned at sporting events, and the content of permitted advertisements is closely regulated. 

The flag of the Paris 2024 Olympic Games  | Photo by Chesnot | Getty Images
The flag of the Paris 2024 Olympic Games | Photo by Chesnot | Getty Images

The IOC, no stranger to controversies over sponsors linked with unhealthy lifestyles, now faces scrutiny for its deal with AB InBev. While sponsors contribute significantly to the IOC's funding, critics like Amandine Garde, a professor of law at the University of Liverpool, argue that the prioritization of short-term profits over public health commitments is regrettable. The debate continues, with questions being raised over the integrity and values of the Olympic Games in today's times.

MORE ON MARKET REALIST
While Jennings performed a half-baked trick, it still managed to thoroughly entertain the fans.
18 hours ago
The player, Andy Schwartz registered the first loss of a car since Seacrest took over as host.
20 hours ago
The guest kept his grandparents' antique instruments under his bed for years.
22 hours ago
Harris wasn't the only one who came up with an answer that shocked everyone.
23 hours ago
Despite getting a high auction estimate, the owner of the Meiji Period lamp chose to keep it.
1 day ago
The player, Gabriel Berkowitz pulled off a perfect night winning over $45,000 and a car.
1 day ago
Harvey showed no mercy after he found out that Sweet Lou Dunbar didn't know how apps work.
1 day ago
The founder of Plop Star made an unforgettable entry and a sad exit from the show.
2 days ago
The host is otherwise quick to reprimand families for backing absurd answers.
2 days ago
While the Marvel comic book fetched a $50,000 appraisal, Harrison felt it was too rich for him.
2 days ago
Jimmy Alexander became the first player to lose a brand-new car on season 43 of the show.
3 days ago
The contestant, Brianne Peterson got extremely unlucky with her letter picks for the final puzzle.
3 days ago
The guest was told that the Jasper Johns Flag Print wouldn't be valuable but it was worth thousands.
3 days ago
It didn’t help that Alvin Rosales was playfully scolded by the host just before losing the Bonus Round.
4 days ago
The photos featured some looks of the show's legendary former host, Alex Trebek, as well.
4 days ago
The player, Kate Stuntz, pulled off a miraculous win to take home over $68,000 and a trip to Iceland.
4 days ago
The owner couldn’t believe the value of Jane Peterson’s "The Floats" gouache painting.
5 days ago
The player, Callie DeWeese, failed to choose the right letters in the Bonus Round, leading to her loss.
5 days ago
The personal digs at the host have been relentless on the show by producers and players.
5 days ago
The guest had no idea how valuable her grandfathers Dutch tinware coffee pot was.
6 days ago