July 28, 2010

If investing in a company was only based on that company’s sponsorships?  I’d invest in Turkish Airlines.

The, uh…Turkish Airline has landed another huge sponsorship deal, this time as the title sponsor for the Europe’s biggest basketball league, the Euroleague,

The first-ever title sponsorship deal for the Euroleague will run for the next five seasons, with an option to extend it for a further five. Turkish Airlines was one of the league’s main partners for this year’s Final Four in Paris, France.

Under the agreement, the company will also name the Euroleague Final Four and become a global sponsor of the Eurocup, the second-tier pan-European club basketball competition. (via SportBusiness)

For those who may have forgotten, Turkish Airlines also recently signed a deal to become the official airline of the Manchester United soccer club.

The airline carried more than 25 million passengers in 2009, pulling in more than $4 billion in revenue.

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