The Tour de France winner claimed a British record seventh Olympic medal with a Gold win in the men’s cycle time trial yesterday (1 August).
Almost seven million viewers tuned in to watch the win on the BBC, while Twitter was ablaze with a activity during the race, which saw Wiggins’ name become a top trending topic on Twitter throughout the day.
PR guru Max Clifford has said that Wiggins’ “squeaky clean sporting image” could accrue £20m over the next five years off the back of his recent successes.
Sponsorship experts say while these earnings are feasible, he is likely to partner with brands he believes in rather than accept every endorsement that comes his way. The mod enthusiast cyclist has already been signed by Fred Perry to front a collaborative clothing range for six seasons.
Andy Muggleton, director at Generate Sponsorship, says: “He isn’t one of the ‘glamour athletes’ which could limit his possibilities but his laid-back personality as well as his sometimes non-conformist approach could be a consideration for some brands.
“He will however no doubt be looking to set himself up financially and capitalise on this success. It’s an exciting time for both Wiggins and the brands he chooses to partner with. He is a clean, down-to-earth figure which British, healthy brands will be all over.”
It is not just British brands that will be interested in Wiggins’ rising brand value. International brands are likely to see his success in the Tour de France last month, which saw him become the race’s first British winner, as a way of exploiting markets beyond the UK.
Alastair MacDonald, director of sponsorship insights at Havas Sports and Entertainment, says the historic win gives the Briton an international brand profile, particularly in France and other European countries, which “winning the Olympics wouldn’t do.”
He adds: “Just being one of GB’s greatest ever Olympians is not going to generate a great deal of interest in Wiggins outside of the UK, but what he achieved in the Tour de France gives him the international value.”
MacDonald compares Wiggins recent wins to the landmark achievements of Roger Federer, who was the first Swiss man to win a Grand Slam title and Sir Steve Redgrave who is still used by British brands looking to tap into his positive image despite winning his last Olympic medal 12 years ago.
“[Wiggins’] earning power has probably increased not just for the next six months but I think over the long-term because he is now one of those all time greats”, says MacDonald.