"Long stratagem and sports kingdom"? With Yi on board, Nets sign marketing deal with Chinese sportswear company

According to People's Daily, which apparently scooped the domestic press:
The Nets have entered into a multi-year sponsorship alliance with PEAK, a China-based company specializing in sports apparel production, including shoes, sportswear, and gear.
The announcement of the sponsorship was made at a press conference on Monday at the High Point Solutions Business Center at the IZOD CENTER, which was attended by PEAK general manager and executive director Xu Zhihua and Nets chief executive officer Brett Yormark. The press conference also included a performance by the Peking Opera and a fashion show, with PEAK models taking the ramp.

At right, a PEAK official with Nets CEO Brett Yormark.
PEAK performance
PEAK has also signed seven NBA players to endorsements, one of them former Net Jason Kidd.

Reuters earlier this year wrote about the growth of Chinese companies producing sportswear.
Poaching from Milwaukee?
When the Nets traded for Yi last July, Bruce Ratner said, āThe fact that along with a great player like Yi comes marketing opportunities is a wonderful thing, but itās secondary to basketball."
Indeed, sports entertainment is an international business, not one about Brooklyn pride, as DDDB would remind us.
Last year, PEAK signed a deal with the Milwaukee Bucks, where Yi used to play. While the Bucks announced a multi-year deal, it's unclear how much was tied to Yi's presence. I suspect the new deal with the Nets takes precedence, given that the only other team with which PEAK has a contract is the Houston Rockets, with the Chinese center Yao Ming. Then again, the Bucks did play in China during the preseason.

19th, Dec. 2007. PEAK partner with MILWAUKEE BUCKS of NBA.become the first one partner with BUCKS of NBA in china.PEAK will cooperate with MILWAUKEE BUCKS for long stratagem and sports kingdom.
Bad translations from Chinese to English have been such a feature of life in China that the government made a special effort to correct signage in the run-up to the Olympic Games, according to the Wall Street Journal.
Comments
Post a Comment