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basketball hand and then shoe-company executiv

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PostWysłany: Pon Mar 12, 2018 06:23    Temat postu: basketball hand and then shoe-company executiv Odpowiedz z cytatem

What’s more, consumers have come to expect corruption in college sports, Nike Air Presto Femme said Allen Adamson, founder and CEO of Brand Simple Consulting. “Most consumers already assume that all of these companies behave badly and are breaking the rules.”In the sneaker business, the feet of professional Nike Roshe Run Mujer athletes are the most valuable billboards in the world. The company that gets its shoes on the best basketball players, football players and soccer players wins, because those athletes’ footwear choices have outsize influence over everyone else’s purchasing decisions.That fundamental truth about high tops and cleats — that getting top players in your brand and keeping them there is good business — was the subtext of a critical piece of a corruption and Nike Air Presto Damen bribery network outlined on Tuesday by federal prosecutors, which swiftly resulted in the demise of a Hall of Fame coach’s career.The University of Louisville announced on Nike Roshe Run Femme Wednesday that it had abruptly ended the coaching tenure of Rick Pitino, winner of two national championships and among the most successful coaches in college basketball history. The decision was made a day Nike Air Max 90 Homme after the United States attorney for the Southern District of New York said in a criminal complaint that two coaches had been part of a scheme to funnel money from the university’s apparel partner, Adidas, to two high school prospects.

The complaint, which accused an Adidas executive and others of wire fraud and money laundering, did not disclose the names of anyone at Louisville. Pitino denied any knowledge or responsibility for the accusations. “These Adidas ZX Flux Mujer allegations come as a complete shock to me,” he said in a statement. A representative for Adidas said that the company “is committed to compliance and ethical business practices,” and Nike Air Vapormax Womens that the executive had been put on administrative leave.The plan, prosecutors said, was that the teenage athletes would play for a university that had a sponsorship deal with Adidas and then sign sponsorship Adidas Superstar Mujer deals of their own with the company once they turned pro and potentially earned millions of dollars in the N.B.A. In other words, investing in athletes at a young age could yield huge returns later.“It hopefully gets the kids you’ve won wearing your apparel,” said Corey Evans, an analyst at Rivals, a website that exhaustively covers high school players and their college recruitment. “And in the long run, it’s going to matter for the top guys Nike Air Max 2016 Femme for what college they go to.”The shoe companies cash in if the player blossoms into an N.B.A. star. “That’s where it counts,” Evans added.The accounts by federal prosecutors were not unlike those that the Department of Justice described in 2015 in the sweeping corruption case focused on FIFA, international soccer’s governing body. No one from Nike was charged in that case, but American Adidas ZX Flux Femme prosecutors said that bribes helped secure Nike’s breakthrough sponsorship deal with Brazil’s national soccer team in the mid-1990s, elevating the company’s global profile and helping it expand into soccer.

Nike contracted to pay $160 million for that deal — and the company paid an additional $40 million that was not reflected in the official agreement, federal authorities said. Nike brokered the deal through a Brazilian businessman who pleaded Nike Roshe Run Femme guilty in the United States to an array of corruption charges, admitting to having solicited and accepted hundreds of millions of dollars in bribes from people seeking lucrative marketing and media contracts.Shoe company involvement in college sports dates to 1977, when Sonny Vaccaro — a longtime basketball hand and then shoe-company executive — signed several coaches he knew, including Jerry Nike Air Huarache Dames Tarkanian of Nevada-Las Vegas, to contracts with Nike. For a fee, the coaches were sent shoes to have their players wear.“My theory was if you had coaches with good teams with personalities, you would sell Nike Air Max 90 Femme shoes,” said Vaccaro, who is often credited with urging Nike to sign Michael Jordan before he reached the N.B.A. “I said, Put the shoes on the college kids.”Vaccaro said that “the world changed” in 1987, when Nike signed its first all-school deal, agreeing to sponsor all the athletic teams at the University of Miami.“Now all the major schools are all-school deals with one shoe company,” he said. “That gives them control over everything. You do an all-school deal, the president signs off, the athletic director, the coach — you own everything in that school.”
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