Boy you've jumped in here in a big way.
Here's the punchline AGAIN. Right now you don't have visibility to the new sponsors coming to MLF and FLW and/or those who are upgrading their sponsorship and investment in the platform(s). No one listens when I say this because I guess it's more fun to panic but let all of the dust settle on the transition and the new sponsorships that will be announced. They will be significant and it will be a net positive gain.
There will be some endemic brands reducing their roles and some increasing, there have already been new non-endemics sign on and there will be more to follow. In our world a lot of movement and budget commitments happen Nov, Dec and sometimes even into Jan. This isn't exclusive to MLF. It happens to all leagues, anglers and properties on a consistent basis. Sponsors move in and out and budgets and priorities change constantly.
I am not sure I would equate losing an big and significant endemic such as Rapala, and then as an example, it being replaced by a non-endemic such as Tide laundry detergent, as being considered a net positive gain. But isn’t it your job to spin numbers and statistics into a magical positives for your clients? I do understand how interpreting that kind of thing as such could be beneficial to a pitch deck to show other potential sponsors and it may even improve the bottom line for the stakeholders, but how it’s a net positive in the eye of the angler and fans of, i dunno. I guess everyone needs a soap to wash those jerseys!
On the other hand, how you can spin anglers losing sponsors as being a net positive at the end of the day is another matter, and I am sure there would be some who would beg to differ that it resulted in a gain for them personally. I do think I understand why the anglers who are fishing in the BPT and now FLW pro tours are losing those sponsors, but I will leave that for others to speculate about.
There's a lot to unpack here. First, nowhere in my previous statements did I say it was a strategy to replace endemics with non-endemics. There's obviously both across MLF, FLW and BASS and they're all important. No property wants to lose any sponsor regardless of their size. Secondly, we don't believe in magic and as far as I know, neither do our clients.
Now as to why Rapala would vacate one property or another or drop an angler to sponsor another, I can't really answer because I'm not privy to why they're making those decisions. As I mentioned, there's a lot of reasons why brands make strategic decisions/changes. Regardless it's not like the bait category is open at MLF. They have sponsors in that category. Again, that could possibly be a driver for Rapala's decisions but there's no reason for me to speculate on that. Simply too many factors to know for sure. I'll leave the negative prognostication to others.
I wouldn't ever spin an angler losing a sponsor as a positive at any point but it does happen and has happened in this world for decades. Anglers, properties, publishers, TV shows, podcasts, influencers, YouTubers and on and on compete daily for marketing dollars and that's always in play. Anglers specifically can benefit from the league they're aligned with or lose because of it. Again, that's nothing new. This is a part of the life for professional anglers. Now, how that impacts their individual business certainly varies by angler and depends a lot on their other sponsorships and their overall annual earnings before tournament payouts. So, of course, the loss of a sponsor can be catastrophic for some anglers if they don't have an established sponsor base and ability to podium. Life on the Serengeti isn't easy and isn't supposed to be. It takes a lot to win in todays world as a professional angler and that includes both on and off the water.
Point is MLF, FLW and BASS have all won and lost major sponsorships, as well as professional anglers, over the years and they all know how to navigate it. The good news about all of this is the market is going to decide the winners and losers, not you and me talking about it on a forum...
Good discussion.