Sep 19, 2019

Nike cancels sponsorship with Antonio Brown

Photo: Michael Reaves/Getty Images

Nike ended its sponsorship deal with New England Patriots receiver Antonio Brown Thursday, following accusations of sexual assault against the player, per USA Today.

The big picture: Just days after his dramatic departure from the Raiders and signing a 1-year, $15 million contract with the Patriots, Brown was accused of sexual assault in a civil suit by a former trainer last week. Brown's lawyer denied the claims, and the NFL is investigating the matter. Brown remains eligible to play and made his debut with the Patriots last weekend.

What they're saying: A Nike spokesperson said, "Brown is not a Nike athlete," but did not elaborate.

  • In an interview with Complex, Brown called the Nike deal "huge" and said it was "opening up leverage for a lot of other guys and a lot of up-and-coming players to get in the marketing world and making money off the field."
  • While details of the deal are not public, Nike released a "Nike Tech Trainer Antonio Brown" shoe in February. The shoe has since been removed from Nike's website.

What's next: Brown is slated to play against the New York Jets this Sunday while the NFL continues its investigation.

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Patriots release Antonio Brown amid misconduct accusations

Photo: John Tlumacki/The Boston Globe via Getty Images

The New England Patriots released wide receiver Antonio Brown on Friday, according to a team news release, after a second woman came forward with reports of sexual misconduct.

What they're saying: Per a statement, a Patriots spokesperson said it was time to "move in a different direction," given the NFL's investigation into allegations against the player, who has been mired in controversy since his departure from the Oakland Raiders earlier this month.

Go deeperArrowSep 20, 2019

Nike is shutting down its Oregon Project track program

Alberto Salazar. Photo: Andy Lyons/Getty Images

Nike announced is shuttering its athletic training and track program, the Nike Oregon Project, just two weeks after head coach Alberto Salazar was banned from the sport by the U.S. Anti-Doping Agency for trafficking banned substances, Runner's World reports.

Why it matters: Nike's Oregon Project made American distance running competitive and produced a number of Olympic and world champions since opening in 2001. Shutting it down jeopardize's America's future in distance events.

Go deeperArrowOct 11, 2019

WeWork — the book

Illustration: Aïda Amer/Axios

WeWork’s roller coaster over the last two weeks has monopolized headlines, and now the story of the office coworking company and its high-flying CEO will be subjects of an upcoming book by Wall Street Journal reporters Eliot Brown and Maureen Farrell, they tell Axios.

The big picture: The growing influence of technology companies on the world has made them not only the subjects of regulatory and investor scrutiny, but now also the focus of grand business narratives.

Go deeperArrowSep 30, 2019