Morning Brew Daily Yeezy's push Adidas losses, Betting on the WWE?, LA Clippers love toilets
Mar 9, 2023
Adidas faces its first annual loss in over 30 years due to the fallout with Yeezy, prompting tough decisions about excess inventory. Meanwhile, WWE is exploring the controversial idea of legalizing betting on scripted matches. The shocking details of the Fox News and Dominion lawsuit reveal significant implications for media credibility. In a lighter vein, sports stats reveal Clippers owner Steve Ballmer’s quirky obsession with toilets, showcasing the fun side of sports economics.
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Adidas' Yeezy Dilemma
- Adidas CEO Bjorn Golden publicly brainstormed solutions for $1.3 billion of unsold Yeezy shoes.
- Ideas included destruction, restitching, donations, and selling, each with its own drawbacks.
WWE Betting
- WWE explores letting fans bet on pre-determined match outcomes, similar to Academy Award betting.
- This strategy aims to boost their value amidst a potential sale, raising ethical and logistical questions.
Fox News Lawsuit
- Leaked texts in the Dominion vs. Fox News lawsuit reveal hosts' private doubts about election fraud claims.
- Dominion argues Fox knowingly spread misinformation, while Fox claims they simply reported Trump's statements.