Thursday, November 26, 2015         

 Print   Email   Most Popular   Save   Post   Retweet

Nike fine on Paris soccer sponsorships cut by appeals court

By Heather Smith

Bloomberg News


Nike Inc., the world’s largest sporting-goods company, was fined 80,000 euros ($107,000) by a French appeals court over charges it helped the Paris Saint-Germain soccer team funnel additional money to players through endorsements.

The fine was cut from the 150,000 euros levied by the lower court in 2010. Nike lawyer Aurelien Hamelle declined to comment immediately on the decision, and spokesmen for the company didn’t immediately return a message seeking comment.

 Print   Email   Most Popular   Save   Post   Retweet

Latest News/Updates