Categories: OtherOther Sports

Nike’s Financial Woes Prompt Reshuffling of Athlete Endorsement Deals

Nike is experiencing a significant exodus of top athletes including footballers like Harry Kane and Cristiano Ronaldo switching to other brands. The sportswear giant announced the need to save $2 billion over the next three years due to poor sales leading to job cuts and streamlining operations. Kane shifted from Nike to Skechers while Manchester United’s Diogo Dalot moved to Puma.

Manchester City players like Jack Grealish also transitioned to Puma. Nike continues to focus on reliable endorsers like Ronaldo, Kylian Mbappe and Marcus Rashford as well as its commitment to the women’s game with athletes like Sam Kerr and Alexia Putellas. The company’s ending of a long-standing partnership with Tiger Woods and the departure of other high profile athletes signal a shift in brand dynamics.

Cataleya

Share
Published by
Cataleya

Recent Posts

Jayson Tatum Shines with 43 Points, Celtics Beat Bulls 123-98

Jayson Tatum put on a historic performance as the Boston Celtics cruised to a 123-98…

11 hours ago

Tyson Fury vs. Oleksandr Usyk Leaves Fans Wanting More

Tyson Fury and Oleksandr Usyk have created one of boxing’s most memorable rivalries with their…

11 hours ago

Manchester United Stumble Again with 3-0 Loss to Bournemouth

Manchester United's woes deepened with a dismal 3-0 home loss to Bournemouth, marking their second…

11 hours ago

Tottenham Suffer Heavy Defeat to Liverpool

Tottenham manager Ange Postecoglou's entertaining style faced a tough test as Spurs suffered a heavy…

11 hours ago

Bournemouth’s European Dream Alive After 3-0 Win

Bournemouth's 3-0 win at Manchester United was hailed as a remarkable achievement by Andoni Iraola,…

11 hours ago

Joao Fonseca Wins Next Gen ATP Finals, Defeats Tien in Final

Joao Fonseca became the second-youngest winner of the Next Gen ATP Finals, defeating American Learner…

12 hours ago