Sunday, May 1, 2011

Edition #8 – Europe Essential to the Brand

Liverpool has a proud history of being a “family” club.  For most of our storied years we’ve prided ourselves in the fact that we had a stronger tie to the family aspect than most other clubs and, especially, our greatest rivals.  Not until the failed take-over by the scumbag pair of Hicks and Gillette did Liverpool have to truly face the fact that the game had changed, that family-run clubs were a thing of the past if a club meant to compete at the highest levels.  The subsequent sale of the club to FSG has reinforced that times have indeed changed and no longer can we hold onto that desire of returning to the small scale of being a family business.  It’s time to move on and grow into a commercial entity if we want to compete for Premiership glory ever again.  And that’s a fact.
Commercial success ensures financial success.  Financial success provides options to the ownership which wouldn’t otherwise be available.  Those options include player investment and, more importantly, stadium investment. 
But commercial success does not come without strategic thought.  As ugly a thought as this may be for some of my Red Brothers and Sisters, Liverpool is a product—that’s just the way of modern football in the global age.  Liverpool sits fourth in world-wide replica kit sales behind the two Spanish giants and Scum United.  This is promising.  The miracle in Istanbul further established, and even redefined the brand, some could argue.  Moments like that need to be capitalized on and, as many Reds know, we failed to do that as a club, further falling behind the Scum as a global entity.
But all is not lost, fortunately.  Liverpool is still one of the biggest clubs in the global market.  Through interests of our main sponsor we are already growing deeper roots in Asia and our presence there will likely only become stronger.  We are failing to reach other markets, namely in the Americas.  In terms of a truly dominant global brand, we fall short of the Real Madrid’s, Barcelona’s and Scum United’s of the world and we have to improve on that quickly.
The Financial Fair Play rules are coming into play.  Multiple factors will impact the relative health of the clubs and no longer will we be able to depend on the deep pockets of our owners to boost our fortunes.  The revenue created from other avenues is what will determine our financial power in the new-look game.  Critical to creating revenue streams is the product’s (in this case, the club’s) brand.  One of the simplest observations is that we simply have to have our club’s name in the spotlight.  We have to be repeatedly exposed to the customer base to remain in the forefront of their mind and we have to be there for new customers to find and be attracted to.  That means we have to be in as many competitions as possible, making this weekend’s loss by Spurs and our usurping them so vitally important.  Tell me you weren't happy to hit 5th place today?!
Even though the Europa League is shunned in some corners and mocked in others, it is a competition we simply have to be in if we fail to reach the Champions League.  It will add another six games, at a minimum, but hopefully more, to our schedule.  That equates not only to more opportunities for television coverage but it also means something much more simple—internet and newspaper game reports.  That means keeping the Liverpool name in circulation.  Repetition creates mind-share; mind-share creates a propensity for favoring the product’s ‘brandness’.  The objective then is for that capturing mind-share of as many old and new fans as possible.
Being in any European competition will help reach that objective, but taking those competitions seriously is just as critical.  With King Kenny in charge we have no concerns with that; he will take every competition seriously. 
Europe is our platform for a return to glory.  If it starts in the Europa League then so be it.  As long as we’re in front of the world’s eye we are on the right course.  With Kenny building a more attractive squad and style of play it will be easier for us to draw interest from the neutral or casual observer.  With players like Suarez and Lucas in the squad we have a doorway into South America and adding players of Asian pedigree (can you say Keisuke Honda, even if we can't spell it?) will definitely reinforce the brand image of an already-loved club in that part of the world.
We are there; right on the doorstep of returning to our historical glory and returning to the platform the likes of Scum United, Arsenal and Chelsea currently enjoy.  Then we can knock the Stupid Drunk Scott right off his damn perch!
Until we meet again,
The Red Yank

4 comments:

  1. Great post! Liverpool is a top club loved around the world. I believe FSG have the experience to improve the club's worldwide marketing strategy and increase revenues. Competing in the Europa League is an important part of marketing for Liverpool but it's also important from of footballing side. The Europa League will allow Dalglish and the young talent at the club gain much needed experience in Europe. Plus another cup for the trophy cabinet would be good too. ;-)

    ReplyDelete
  2. Thanks for the kind words. I totally agree and have faith that FSG can turn this around. We're seeing it in the new dealings off the pitch; that kind of what lacks the spotlight of player signings but is much more important in the strategic outlook of the club. Two record-setting deals in the last few weeks are a sign that we finally, finally have the right type of ownership group to survive and excell in the modern, global game.
    As far as your comment on the EL providing a chance for the young talent to gain experience; I cannot tell you how excited I am to see the like of Suso, Pacheco, Shelvey, Flanagan, Robinson, etc. getting extended run-outs in our 50+ game season next year :) (yes, we're going deep in multiple runs in 11-12).
    Thanks for the comment and support once again.

    ReplyDelete
  3. The fact we are 4th worldwide in shirt sales and notority is quite astounding, as I felt previous regimes did not do enough to capitalise upon our "brand". The mancs did it long before us, thus enhancing their revenue a great deal. We have been playing catch up since then. Unsure as to who it was (Gill or Kenyon) who saw football as a saleable asset to both Asian and American markets, but it's long been something our history an tradition has probably held us back from. FSG understand the rules of this marketability, as horrible as it sounds, and enhanced revenue is very much within our grasp.

    Great post, very well written.

    ReplyDelete
  4. Thanks Semtex_Elvis! Can you imagine where we'd be now if previous leaders on the commercial side had done their jobs appropriately? Oh well, no sense crying over spilled milk; I truly believe we have the teams behind the scenes who understand, like you said, the marketability of the club and how to do it. Yesterday alone we were exposed to a entirely new market; American basketball fans, simply by having the NBA's biggest superstar get on-board we the club and then wear our jersey during his playoff press conference.
    Thanks for your kind words and support.

    ReplyDelete