Money Quote: Tuesday Sept. 25
Insert overtaxed “political football” headline here…
https://finance.yahoo.com/news/nike-becomes-first-nfl-sponsor-take-side-trump-vs-nfl-193639102.html
In the time of Trump, sponsors are being forced to take a side, or a the very least, speak out of both sides of their mouths. While some major sponsors hedged (Under Armour) or offered support for both sides (Ford), Nike took a stand, showing a spine that others lacked. Money quote: “Nike has taken an obvious stance on the Trump vs NFL controversy, a story that is unlikely to go away in the coming weeks. For now, Nike stands alone. But other sponsors may be studying the response to Nike’s statement for an indicator of what they should do.”
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