Nike deal leaves USA Track & Field praying for Chicago Olympics
USA Track & Field have secured a US$10 million contract with Nike until 2013, and will see it extended and increased if Chicago hosts the 2016 Olympic Games.
That promise has made USATF chief executive Doug Logan an even more ardent supporter of Chicago's bid. "I'm more than cheering. I'm actively advocating it," he said. The International Olympic Committee will announce the hosts of the 2016 Games in October. US president Barack Obama's support for Chicago makes it a strong candidate in a race regarded by pundits as too close to call with Rio de Janeiro, Tokyo and Madrid.
Even before the IOC makes its decision though, USATF is believed to have secured itself a significant increase in the money it earns from Nike. Nike, which outfits all USATF teams in international competitions, has been a USA team sponsor since 1991.
The USATF is the governing body for all track and field, long-distance running and race walking in the United States.
Contract Details
- Length of contract: 4 years
- Annualised value: US$2.5 million
- Overall value: US$10 million
Related news
UBS bucks trend to continue Athletissima support - 08 July 2009
Ricketts family finally take ownership of Chicago Cubs - 28 October 2009
Triathlon on the fast track to a new image - 15 January 2009
Sprint Cup to be held on new Haydock Park track - 01 September 2009
Nike puts faith in youth in German soccer - 05 March 2009
Related blog posts
Luis Carulla’s passion for athletics - 27 August 2010, Quick-Fire Questions
Liverpool FC managing director delighted as money rolls in for struggling team - 20 January 2010, Notes & Insights
Report: Ricketts family agrees to buy Chicago Cubs - 07 July 2009, Notes & Insights
MLB’s perennial losers remain profitable - 23 August 2010, Notes & Insights
2016 Olympic city bid report: Chicago - 19 July 2009, Notes & Insights


