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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate has learned that CySEC licensed retail forex broker ForexMart has renewed its sponsorship of La Liga football club UD Las Palmas for (at least) one more year.
ForexMart initiated the sponsorship of Las Palmas last year, when the club moved up to Spain’s football first division ‘La Liga’ after a 13 year absence.
ForexMart seems to believe that sports sponsorships are working for it in various target markets. We had reported last month that ForexMart signed a similar sponsorship deal with Slovakian ice hockey team HKM Zvolen, and in August provided backing to British auto racing team RPJ Racing.
ForexMart’s sponsorships demonstrate that successful sponsorships do not always need to be of the most famous athletes or top ranked clubs to be effective. Brokers can use sports sponsorships without breaking the bank.