Nike to Leave Brazil?

According to reports in Brazil, the FBI could pressure Nike to leave the contract it has with Brazil and that is valid until the end of the 2018 World Cup.

Nike to Leave Brazil?

Signed in 1997, the contract between Nike and the Brazilian federation has long been subject to investigations by the FBI. Supposedly, bribes were paid by Nike to then-president of the Brazilian federation, Ricardo Teixeira.

If Brazilian magazine Veja is to be believed, the FBI has been pressurizing Nike to cancel said contract.

In an interview with the very same magazine, Nike founder Phil Knight denied any wrongdoings in relation to the Brazil deal he closed in the late 1990s. Knight also said that he believes the federation will rebuild itself and overcome the current issues.

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