CAA bribery scandal comes at terrible time for Adidas

[wilkie01]

Article from Yahoo Finance

https://finance.yahoo.com/news/ncaa-bribery-scandal-not-come-worse-time-adidas-221429860.html

 

[Steelers2012]

Terrible time??? Is there a GOOD time to have your company involved in a bribery scandal? Gee FBI...this isn't a great time for UofL to schedule a scandal either, can we get back to you on that?

 

[KerryRhodes]

Did Nike set them up since the guy was a former Nike guy ?

Or will the FBI go after the big 3 in recruiting which are Nike schools.

 

[wilkie01]

I think Nike and UK will get a big look from the FBI and it will not be a "one and done look".

 

[SoCalFan]

I expect to see the CEO, CFO and CMO of Adidas North America resign or be terminated. Additionally, it would not surprise me to see Adidas withdraw from the college basketball market short term...UA and Nike will be right behind.

We are focused on the colleges, and rightfully so, but heads will roll in the corporate world as well. This scandal is going to be massive.

 

[Mike-D]

Very interesting