Managing brands, and in particular brand equity, is an area of growing concern in marketing. At the same time, the importance of brand equity is also beginning to be acknowledged in other areas, such as sport (Gladden, Milne, and Sutton, 1998). Some argue that consumer-based brand equity is the outcome of brand knowledge, which is largely a function of brand awareness and image (Keller, 1993) If this is true, brand-building efforts must begin by creating brand awareness and establishing brand image, of the two components, brand awareness would appear to be more easily managed, as it can be directly controlled through efforts to increase exposure to the brand name. Managing brand image, on the other hand, appears to be the more challenging and critical task.