Commission calls for more transparency from shoe companies - News Summed Up

Commission calls for more transparency from shoe companies


Apparel companies are heavily involved in elite-level youth basketball, with Nike, Adidas and Under Armour all running their own circuits. The shoe companies also have lucrative sponsorship deals with schools and coaches worth millions of dollars. As part of its recommendations to clean up corruption, the Commission on College Basketball called on the boards of apparel companies Wednesday to have greater financial transparency and accountability in their investments in "non-scholastic basketball." "The apparel companies that actively sponsor non-scholastic basketball are public companies," the report said. WHY IT WOULDN'T WORK: The shoe companies may not want to cooperate, leaving the NCAA still in the dark.


Source: ABC News April 25, 2018 13:07 UTC



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