The IAAF is delighted to announce that a tender process for the title sponsorship package of the IAAF Diamond League has been concluded successfully. Samsung, a leader in consumer electronics, has agreed to become the title sponsor of the IAAF Diamond League for the next 2 seasons starting in 2010, with an option to extend for an additional year.
This is excellent news for the IAAF Diamond League who will now count with a giant in the consumer electronics as its key partner. The league will now be rebranded 'Samsung Diamond League' to be effectively implemented no later than the Lausanne Diamond League meet early July.
Samsung has acquired the first tier package of rights that includes a considerable number of benefits, such as title denomination, advertising boards, exposure on hurdles, on print material, on the official Diamond League website, first class hospitality package and numerous other promotional benefits.
Already a sponsor of the IAAF World Athletics Series and the Olympic Games (where athletics is the number one sport), Samsung is a key sponsor of athletics world-wide. This agreement also underlines a clear extension of Samsung's strategic positioning in sport, where athletics plays a leading role thanks to its universality and massive media presence.
Samsung, was founded 70 years ago in Daegu, South Korea, operates in most countries around the world and has a net turnover of over 174 billion USD. The company currently employs 263'000 people world-wide and has its headquarters Seoul, South Korea.
Lamine Diack, IAAF President, said "I am delighted with this deal, particularly because it is with a world famous corporation that is already our partner for the IAAF World Championships series of events and the Olympic Games. Samsung understands athletics and we now have a powerful partner across all our most important properties."
"We are very proud of our sponsorship of the IAAF, which is always associated with the highest level of athletic achievement and hosts the world's top athletes. And now as title sponsor of the 'Samsung Diamond League,' we have the honour of connecting with loyal and dedicated athletics fans around the world," said Gyehyun Kwon, Vice President and Head of Worldwide Sports Marketing at Samsung Electronics.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global
leader in semiconductor, telecommunication, digital media and digital
convergence technologies with 2009 consolidated sales of US$116.8 billion.
Employing approximately 188,000 people in 185 offices across 65 countries,
the company consists of eight independently operated business units: Visual
Display, Mobile Communications, Telecommunication Systems, Digital
Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized
as one of the fastest growing global brands, Samsung Electronics is a leading
producer of digital TVs, memory chips, mobile phones and
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