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This page contains a single entry from the blog posted on August 27, 2009 5:37 PM. The previous post in this blog was Crisis in Jersey calls for Portland solution. The next post in this blog is No longer riding on the merry-go-round. Many more can be found on the main index page or by looking through the archives.

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« Crisis in Jersey calls for Portland solution | Main | No longer riding on the merry-go-round »

Thursday, August 27, 2009

Nike bails on pro soccer

It's probably not something they wanted to begin with, but the Swooshers have sold their controlling stake in the minor league that they bought as part of the acquisition of Umbro. It's the league in which the Timbers currently play, but not for long.

Posted at 5:37 PM | Bookmark and Share

Comments (4)

Good for them.

In order to sell something, there has to be a buyer.

Which, in this case, is synonymous with 'sucker.'

Posted by MachineShedFred | August 28, 2009 7:12 AM

I'm no economist, but if a company as successful as Nike unloads it's interest in this it should give government second thoughts about buying into it.

Posted by HMLA267 | August 28, 2009 11:07 AM

Fortunately, our government isn't buying into a USL squad.

Posted by TAdj | August 28, 2009 1:39 PM

A major apparel competitor wants to unload an asset they gained by acquiring a competitor (Umbro).

That doesn't exactly spell out desperation or even a bad business practice. Nike doesn't want to own the USL so they can make a run at MLS in the next few years. Why does that seen like a bad business decision? It sort of makes perfect sense to me.

Posted by Garrett | August 30, 2009 11:47 PM




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