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  • Investigation into USATF/Nike

    https://www.runnersworld.com/news/a3...-investigation

    Anyone have popcorn?

    Max and Renee need to be suspended w/o pay/benefits until the conclusion.

  • #2
    More whining from the people who hate Nike.

    I could see the point of this lawsuit if Nike was suing USATF for not using the funds how they seem fit. But they aren't.

    But some industry insiders, mainly from competing footwear and sportswear companies, decried the deal for giving Nike too much power in running in the U.S. and for its lengthy term in a constantly evolving sports marketing landscape. The deal, they said, might not look as generous in 2040 as it did in 2014.

    Comment


    • #3
      And this nonsense that some people can't make a living at running is really bad and something should be done about it.

      And the Dickensian horror of having to be a software engineer where you can make real money and have a career.

      Furthermore, all but the top athletes in track & field have difficulty making a living at their sport. Although Olympic medalists can parlay their winnings into lucrative sponsorship deals, those who are one step removed from the Olympic team often have trouble paying for rent, travel to meets, and coaching, which makes Siegel’s generous compensation more glaring.

      Distance runners Ben True and Noah Droddy, for instance, spent most of 2021 unsponsored; top 800-meter runner Chanelle Price retired in the fall after years of scraping by with the assistance of her club. Steeplechaser Andy Bayer made a world championships team but lost his Nike sponsorship in 2020 and gave up running for a career in software engineering.

      Comment


      • #4
        All of that is filler for readers unfamiliar w/ the state of affairs in the sport. The issue is $ going to people illegally, instead of into the sport. Until the grand jury completes it's work and charges are presented to the DOJ, little else will be known.

        Comment


        • #5
          The state of the sport is without Nike it is really doomed. I'll be surprised this goes anywhere.
          Conor Dary
          Senior Member
          Last edited by Conor Dary; 11-30-2021, 11:16 PM.

          Comment


          • #6
            The same fear mongering that every oligarch uses to maintain power/control. Again, that has nothing to do w/ large potential financial crimes occurring.

            Comment


            • #7
              Which oligarch? Phil Knight?

              USATF has its problems but it shouldn't be in business of financially backing athletes... which the article implies.
              Conor Dary
              Senior Member
              Last edited by Conor Dary; 11-30-2021, 11:25 PM.

              Comment


              • #8
                JFC, it's not the point of the article or the Grand Jury. Why can't you stay on a topic?

                Comment


                • #9
                  What the point of the article is unknown....is it something serious? Who knows...but it goes on at the end about how hardly anyone makes a living at the sport...is that the fault of USATF?

                  Nike is the great evil empire and without the company track would be Utopia....

                  BTW didn't someone elsewhere say the sport has had no scandals?

                  Wasn't there an investigation a few years ago? That didn't go anywhere.
                  Conor Dary
                  Senior Member
                  Last edited by Conor Dary; 12-01-2021, 12:19 AM.

                  Comment


                  • #10
                    Originally posted by Conor Dary View Post
                    The state of the sport is without Nike it is really doomed. I'll be surprised this goes anywhere.
                    I don't think anyone in NZ, Australia and most other countries gives a toss as to whether Nike is involved in TnF.

                    Comment


                    • #11
                      Originally posted by Conor Dary View Post
                      BTW didn't someone elsewhere say the sport has had no scandals?

                      Wasn't there an investigation a few years ago? That didn't go anywhere.
                      The timing of this story is very curious, on the eve of the Annual Meeting at which governance issues are on the table.

                      The RW story has no information about the current DOJ investigation (SOP for them and the way a grand jury functions). So all the RW story can speculate about is what was contained in the 2016 Washington Post investigative report. Past board actions (treatment of Lanana and Hersh and other undemocratic actions) had a bad smell, and the Wapo story of large compensation and potential self-dealing certainly added to it, but it did not seem to rise to anything criminal. [Disclosure, I'm neither a lawyer nor an expert in Tax Exempt Organizations].

                      Even the harshest critics of executive pay often admit, that if the entity involved achieves excellent results, gaudy pay packages can be justified in the context of the circumstances. If a huge Nike deal paying large commissions and bonuses can be justifiable, then the only question is whether the flow of such monies are accurately reported in the USATF Tax Return.
                      wamego relays champ
                      Senior Member
                      Last edited by wamego relays champ; 12-01-2021, 12:57 AM.

                      Comment


                      • #12
                        Originally posted by Tuariki View Post

                        I don't think anyone in NZ, Australia and most other countries gives a toss as to whether Nike is involved in TnF.
                        Since track is hardly a thing in most countries that is probably true...it's demise won't be missed.

                        And since Australia and NZ had one medal each in the last WCs I doubt Nike cares either.
                        Conor Dary
                        Senior Member
                        Last edited by Conor Dary; 12-01-2021, 01:17 AM.

                        Comment


                        • #13
                          Originally posted by wamego relays champ View Post

                          The timing of this story is very curious, on the eve of the Annual Meeting at which governance issues are on the table.

                          The RW story has no information about the current DOJ investigation (SOP for them and the way a grand jury functions). So all the RW story can speculate about is what was contained in the 2016 Washington Post investigative report. Past board actions (treatment of Lanana and Hersh and other undemocratic actions) had a bad smell, and the Wapo story of large compensation and potential self-dealing certainly added to it, but it did not seem to rise to anything criminal. [Disclosure, I'm neither a lawyer nor an expert in Tax Exempt Organizations].

                          Even the harshest critics of executive pay often admit, that if the entity involved achieves excellent results, gaudy pay packages can be justified in the context of the circumstances. If a huge Nike deal paying large commissions and bonuses can be justifiable, then the only question is whether the flow of such monies are accurately reported in the USATF Tax Return.
                          It could be taxes ....but if not and it is all related to the Nike money, unless Nike is complaining not sure what is going on.

                          Comment


                          • #14
                            It's hard for me to understand how Max makes so much money for himself (legally) in a non-profit or not-for-profit or whatever kind of tax-exempt organization USATF is supposed to be.

                            Comment


                            • #15
                              Originally posted by Conor Dary View Post
                              And this nonsense that some people can't make a living at running is really bad and something should be done about it.

                              And the Dickensian horror of having to be a software engineer where you can make real money and have a career.

                              Furthermore, all but the top athletes in track & field have difficulty making a living at their sport. Although Olympic medalists can parlay their winnings into lucrative sponsorship deals, those who are one step removed from the Olympic team often have trouble paying for rent, travel to meets, and coaching, which makes Siegel’s generous compensation more glaring.

                              Distance runners Ben True and Noah Droddy, for instance, spent most of 2021 unsponsored; top 800-meter runner Chanelle Price retired in the fall after years of scraping by with the assistance of her club. Steeplechaser Andy Bayer made a world championships team but lost his Nike sponsorship in 2020 and gave up running for a career in software engineering.
                              This portion of the article seemed to be a "Max Siegel makes a lot of money in a sport in which athletes have trouble doing so".

                              Comment

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