PUTRAJAYA, Malaysia, Aug. 4, 2011 /PRNewswire-Asia/ --The Monsoon Cup 2010, the final stage of the ISAF World Match Racing Tour (WMRT) recorded yet another successful year of positive figures on its brand valuation audit. The Return on Investment (ROI) and Key Performance Indicators (KPI) Valuation Report was prepared by BrandAdvantage and MSC Technology Centre Sdn Bhd, while the media reports were completed by Boulder Creek International, Media247, Meltwater and Repucom.
Local media value more than doubled to RM46,365,832 in 2010 while the overall TV media value shot up to a staggering RM411.1 million (USD132 million), a 63% increase since 2009. Event sponsorship of RM7.1 million was generated from various corporate partners including Telekom Malaysia, Firefly, Ri-Yaz Heritage Marina Resort & Spa, Permanis Sandilands, Valiram Group and GBA Global Corporation. The results of the analysis concluded that Monsoon Cup 2010 had delivered an overall KPI achievement of 98.3% and the overall Return On Investment was a notable 31 times. During the event, 1,729 jobs were created while visitor expenditure during the event was estimated at RM13.1 million, an 85.7% increase since 2009 spurning economic benefits to the businesses in Terengganu in various sectors including hotels, tourism, restaurants, boat-making, food supplies, textiles and souvenirs. Malaysia Youth and Sports Minister Datuk Ahmad Shabery Cheek said, "Over the years, the Monsoon Cup has gone from strength to strength, winning awards along the way and inspiring more Malaysians to take up and excel in the sport of sailing cementing its position as the second biggest sporting event in Malaysia, behind Formula 1. T-Best Events, the organiser of the Monsoon Cup are incredibly committed to developing the sport in addition to delivering a world-class event." Part of the success of Monsoon Cup 2010 was attributed to the Monsoon Sailing School, a four-day clinic under the patronage of the Malaysia Ministry of Youth and Sports to promote match racing as a professional sport. Under the tutelage of renowned match racers including Olympic gold medallists, Belinda Stowell and Tessa Parkinson; Monsoon Cup Race Advisor, Dato' Peter Gilmour; Singapore Asian Games coach, Brad Sheridan; and Top Match Racing Team skipper, Torvar Mirsky and trimmer, Kinley Fowler, participants learnt the finer skills of the sport. 10 elite Malaysian sailors who were handpicked by the Malaysian Yachting Association (MYA) joined the programme, of which one participant, Norashikin Mohd Sayed, was named "Most Promising Sailor". Monsoon Sailing School presents a unique platform for young sailors to see and feel for themselves the natural progression that sailing and match racing can offer. Monsoon Cup Chairman, Tan Sri Sabbaruddin Chik, proudly acknowledged, "Besides the outstanding ROI and KPI results, we achieved a hat trick last year at the World Match Racing Tour Awards by achieving the title of Best Overall Event 2010, and added another feather to our cap by winning two new awards -- Best Media Operation 2010 and Best Race Committee 2010. We look forward to this year's Monsoon Cup and another successful year." About Monsoon Cup Monsoon Cup (www.monsooncup.com.my) grew from a simple vision to a world-class experience attended by the cream of the crop in yacht racing. A not-to-be missed yacht race event, Monsoon Cup is the last leg of the prestigious World Match Racing Tour, a professional sailing series featuring nine World Championship events across the globe. Monsoon Cup brings together the world's top sailing teams who will battle it out for a championship trophy and one of the highest prize money awarded for a match racing event. About the ISAF World Match Racing Tour The World Match Racing Tour (WMRT) is the leading professional sailing series featuring World Championship events across the globe, sanctioned by the International Sailing Federation (ISAF) with "Special Event" status. The World Tour awards over US$1.75million in prize money with points awarded at each event culminating in the crowning of the "ISAF Match Racing World Champion". The prize fund includes a US$500,000 overall prize pool for the top nine teams in the Championship. Events take place in identically supplied racing yachts to place the focus on team work and skill. Racing takes place close to the shore for the general public to follow the races as virtual on-the-water stadiums. Media and television highlights coverage reaches in excess of 183 countries around the world. 2011 WMRT Current Leaderboard
For full information on WMRT, please visit: www.wmrt.com
SOURCE Monsoon Cup |