👉 Sponsing is a practice in which a company or individual pays for another party to pay for their product, service, or event. This can be done through advertising, sponsorship, or other forms of public relations. In the context of sports, sponsors are often associated with professional athletes and teams. They may provide financial support to help them cover costs such as travel expenses, training sessions, and equipment purchases. The goal is to promote the team's products and services and generate revenue for the sponsor.
