Meaning & use
financial sponsor
Last updated
Meanings
nouncountablebusinessfinance
A company or firm that provides money for a deal or investment, especially in private equity.
Grammar: Countable; use a/an or the before it, and add -s for plural: financial sponsors.
Patterns
- a financial sponsor of something
- act as a financial sponsor
The buyout was backed by a large financial sponsor based in New York.
As a financial sponsor, the firm put up most of the equity for the acquisition.
Financial sponsors often take an active role in managing the companies they invest in.
nouncountablebusiness
An organization that gives money to support an event, team, or activity, especially in exchange for advertising.
Grammar: Countable; often followed by 'of': a financial sponsor of the tournament.
Patterns
- financial sponsor of something
- a major financial sponsor
The marathon's financial sponsor covered most of the event costs.
They are looking for a financial sponsor to fund the new youth sports program.
Without a financial sponsor, the festival might not happen this year.
Word forms
| plural | financial sponsors |
|---|
Common combinations
- financial sponsor backing
- The startup received financial sponsor backing to expand overseas.
- a leading financial sponsor
- A leading financial sponsor agreed to invest in the project.
- financial sponsor of the deal
- She was the financial sponsor of the deal, providing most of the capital.
- attract a financial sponsor
- The team hopes to attract a financial sponsor before the season starts.
- financial sponsor support
- The charity relies on financial sponsor support to run its programs.
Synonyms and how they differ
- backer
- Backer is more general and informal; a financial sponsor is usually a company or firm providing significant funding, often in a business deal.
- investor
- Investor focuses on putting money in to get a profit; a financial sponsor may also provide money for events or teams without expecting a direct financial return.
- patron
- Patron often suggests supporting arts or charities over a long period; financial sponsor is broader and more commercial.
Word family
- sponsor noun
- A person or organization that provides money for an event or activity.
- sponsorship noun
- The act of providing money for an event or activity, often in return for advertising.
- sponsor verb
- To provide money for an event or activity.
Commonly confused: financial sponsor or financial advisor?
financial sponsor vs financial advisor
A financial advisor gives advice about money; a financial sponsor gives money or funding.
Practice
The private equity firm acted as the ______ for the $2 billion buyout.
Choose one answer.
A financial sponsor provides the funding for a deal, which fits the context of a buyout. A financial advisor gives advice, not money; a financial statement is a document; a financial year is a period.
Make it your own
Write a sentence using “financial sponsor”, then check it and compare it with the examples above.