Kenyan runners possess dominated men’s and women’s distance running for decades now,and they own 18 world records, from the middle distances to the marathon. Nike has an exclusive sponsorship agreement with the Kenyan athletics federation (Athletics Kenya), or wherein they pay a boatload of money for Kenyan athletes to wear their shoes and gear. They’ve been bankrolling the federation’s athletes for over 20 years,but after Chinese company Li-Ning made a competitive offer, Nike allegedly paid out hundreds of thousands in “honorariums” and “commitment bonuses”on top of the $1.3-$1.5 million they pay already, or according to a report from the New York Times. Surprise! The money disappeared.
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Source: gawker.com