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Nike's Kaepernick Support

Discussion in 'Random Chat' started by Bocefish, Sep 5, 2018.

  1. SMuser69

    Joined:
    Oct 5, 2016
    Messages:
    746
    Investors don't care about a week in sales. What they care about if this will affect Nike's 8 year contract with the NFL they only renewed in Mar as well as other large franchise contracts. Foot locker sales are not going to cover a 1.1billion contract lose if that happens. Taking actions that put your contracts at risk solely to be 'woke' will concern any investor.
     
  2. ForceTen

    Joined:
    May 11, 2017
    Messages:
    1,577
    This. When the NFL merely slapped the hands of players who were involved in domestic abuse issues, I was severely disgusted with it. When a player more or less gets away with beating his SO, and Michael Vick gets multiple years for dog fighting rings, something's wrong.*



    *This is just a comparison of mistreatment, not saying one is worth more/less than the other.
     
    • Agree Agree x 1
  3. weirdbr

    V.I.P. AmberLander

    Joined:
    Mar 22, 2014
    Messages:
    484
    Let's see - 1.1 billion over 8 years is ~137 million per year, which is not that much of a loss which couldn't be covered by increase in sales elsewhere. Plus, if the NFL wants to break that contract, they will surely have a hefty penalty to pay for that... So no, I dont expect the NFL to break this contract and by the time it comes up for renewal, odds are they will just renew it if no competitor comes up with a better deal.
     
  4. zippypinhead

    Joined:
    Jan 21, 2013
    Messages:
    2,019
    I doubt very much that Nike's contract with the NFL is in any sort of jeopardy. Has the NFL even commented?
     
    • Agree Agree x 1
  5. SMuser69

    Joined:
    Oct 5, 2016
    Messages:
    746
    This is a freshly inked contract so I also doubt they would cancel it over this however I'm pretty sure some executive probably got a 'thin ice' warning over this. As well as the marketing group that created this has already been fired.
     
  6. ForceTen

    Joined:
    May 11, 2017
    Messages:
    1,577
    Most likley. It used to be Rebook prior to Nike if I'm not mistaken. Marketing groups are easy to fire. Of course, sometimes big things like this they can draw even more money down the line...
     
  7. Bocefish

    Joined:
    Mar 26, 2010
    Messages:
    8,757
    It's all about the money...

    Dogs can't testify in court or settle for millions.
     
  8. whiskeybaby17

    Joined:
    Aug 20, 2018
    Messages:
    9

    Oh yeah, you know you're truly sticking it ot the man when you're cutting up your socks and still paying 18 dollars for a pair. You go dude.
     
    • Agree Agree x 2
  9. Bocefish

    Joined:
    Mar 26, 2010
    Messages:
    8,757
     

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