Nike is a publicly traded company. Knight is a 20% shareholder. Being a publicly traded company, a board controls Nike, and donating $30 million to a failed company is not in the shareholders’ interest, whom the board serves. Talk of Nike bailing out GST is ignorant and delusional.
GST is now in the hands of attorneys. Like I said, GST’s future is a legal drama, which will take years to resolve. Talk of a second season is a desperate bid for money, which will not happen.
Nike is a publicly traded company. Knight is a 20% shareholder. Being a publicly traded company, a board controls Nike, and donating $30 million to a failed company is not in the shareholders’ interest, whom the board serves. Talk of Nike bailing out GST is ignorant and delusional.
GST is now in the hands of attorneys. Like I said, GST’s future is a legal drama, which will take years to resolve. Talk of a second season is a desperate bid for money, which will not happen.
So?
Knight is worth over $30 billion personally.
He could kick in $20 million to make it happen. Like Ackman had pledged and then didn't actually do
Many of the folks on this message board keep asking why the athletes would take 85% of the money owed to them. Well, it would still be the best payday they have had in their life. And if GST found a way to have a second season, and the prize money was placed in escrow, so the athletes were guaranteed money they of course would do it. Why? Again, its the best payday that most of them would ever have in their career.
The real issue I see with a season 2 is that Michael Johnson surrounded himself with all his boi's and buddies. That was his downfall. If one is going to start a business you surround yourself with the best lawyers, accountants, operational, and marketing people available. He surrounded himself with clowns. There would need to be a complete new group running the organization.
GST downfall was assuming they would get the pledged money. Turned out to be a big mistake
Nike is a publicly traded company. Knight is a 20% shareholder. Being a publicly traded company, a board controls Nike, and donating $30 million to a failed company is not in the shareholders’ interest, whom the board serves. Talk of Nike bailing out GST is ignorant and delusional.
GST is now in the hands of attorneys. Like I said, GST’s future is a legal drama, which will take years to resolve. Talk of a second season is a desperate bid for money, which will not happen.
Have to laugh at how people here complain about the power they believe Nike has in our sport yet constantly expect Nike to open is checkbook.
Ask yourself what would Nike have to gain by connecting itself to GST in any way? Zero gain the company is smart to avoid any contact with the league
Nike is a publicly traded company. Knight is a 20% shareholder. Being a publicly traded company, a board controls Nike, and donating $30 million to a failed company is not in the shareholders’ interest, whom the board serves. Talk of Nike bailing out GST is ignorant and delusional.
GST is now in the hands of attorneys. Like I said, GST’s future is a legal drama, which will take years to resolve. Talk of a second season is a desperate bid for money, which will not happen.
Have to laugh at how people here complain about the power they believe Nike has in our sport yet constantly expect Nike to open is checkbook.
Ask yourself what would Nike have to gain by connecting itself to GST in any way? Zero gain the company is smart to avoid any contact with the league
Why so dead set against GST? Gave us lots of good races and interesting match-ups.
Yes, Ackman didn’t want to lose $20 million. Smart decision on his part. Smart people, like Phil Knight, don’t give $30 million to a company that owes $30 million and plans to lose another $30 million in season 2. If by a miracle GST get any funding, lawyers representing those owed money will move in like vultures.
What percentage of your net worth have you pledged to bail out GST? None right, but you expect another man to do so. Delusional!
Yes, Ackman didn’t want to lose $20 million. Smart decision on his part. Smart people, like Phil Knight, don’t give $30 million to a company that owes $30 million and plans to lose another $30 million in season 2. If by a miracle GST get any funding, lawyers representing those owed money will move in like vultures.
What percentage of your net worth have you pledged to bail out GST? None right, but you expect another man to do so. Delusional!
Yes, Ackman didn’t want to lose $20 million. Smart decision on his part. Smart people, like Phil Knight, don’t give $30 million to a company that owes $30 million and plans to lose another $30 million in season 2. If by a miracle GST get any funding, lawyers representing those owed money will move in like vultures.
What percentage of your net worth have you pledged to bail out GST? None right, but you expect another man to do so. Delusional!
Well if I had $30 billion, pretty sure if I pledged $20 million I would honor my pledge.
The ruling elites have you guys convinced it is a law of nature that they must make money on every deal they do,
Nike is a publicly traded company. Knight is a 20% shareholder. Being a publicly traded company, a board controls Nike, and donating $30 million to a failed company is not in the shareholders’ interest, whom the board serves. Talk of Nike bailing out GST is ignorant and delusional.
GST is now in the hands of attorneys. Like I said, GST’s future is a legal drama, which will take years to resolve. Talk of a second season is a desperate bid for money, which will not happen.
Have to laugh at how people here complain about the power they believe Nike has in our sport yet constantly expect Nike to open is checkbook.
Ask yourself what would Nike have to gain by connecting itself to GST in any way? Zero gain the company is smart to avoid any contact with the league
Nike evaluates millions of proposals and chooses how it sees fit to make money for it's investors. Joining a criminal enterprise of theives passed on.
I absolutely hated GST. In half the races it was clear they weren't really trying and gaming the system to attempt to maximize their payout base on the two events. Additionally, the weird payouts meant they were going for some gap in times vs winning so people would try to stay within like 2 seconds of a certain other racer. The whole thing was awful and runners were running bad races at slow times in a boring money grab. Nothing about it was interesting at all.
He assembled decent fields to run glorified workouts with the production level of a flowtrack high school meet for the cost of an NFL game. Businesses that perform this poorly should fail.
(also, MJ did this for his ego and hope of a big payday down the road. nothing about it advanced the sport. If anything it harmed the sport because it makes people think track isn't interesting just because what he produced was awful. Focus on a good product and grow it vs throwing $10s of millions to gold plate a pile of fecal matter)
Then don't watch it.
I watched half of one meet and it was awful. I didn't watch the rest.
I do think track athletes are worth more than what they currently receive. But the diamond league is a far better watch.
I love MJ . I was in the stadium on the turn with my father when he won 200 gold in Atlanta. One of the greatest memories of my life.
BUT.... He was in way over his head on this one and his enthusiasm got the best of him. I'm sad his reputation has suffered because of this. His intentions were genuine.
Nike passed on GST before GST lost $30 million in a few months. Obviously, at some point during early days of GST they were wooed to “invest.” Doubt they’d rush in now.
I watched half of one meet and it was awful. I didn't watch the rest.
I do think track athletes are worth more than what they currently receive. But the diamond league is a far better watch.
You can watch both you know?
I watched one meet. The camera work was so bad that the announcers themselves didn't even know that one of the races had started until more than 30 seconds into the event. It was simply unwatchably bad coverage.