
Nike vs Adidas - Rebound | 5
Business Wars
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The Impact of Adidas on the Sports Industry
Adidas to pay $93 million over 10 years to outfit the New York Yankees. It's the third blockbuster sponsorship in the space of two years. The first had been Kobe Bryant with Nike declining to outbid Adidas on the first day. In 2003, he signs a $40 million five-year deal with Nike.
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