Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nike Fine on Paris Soccer Sponsorships Cut by Appeals Court

Don't Miss Out —
Follow us on:

Jan. 25 (Bloomberg) -- Nike Inc., the world’s largest sporting-goods company, was fined 80,000 euros ($107,000) by a French appeals court over charges it helped the Paris Saint-Germain soccer team funnel additional money to players through endorsements.

The fine was cut from the 150,000 euros levied by the lower court in 2010. Nike lawyer Aurelien Hamelle declined to comment immediately on the decision, and spokesmen for the company didn’t immediately return a message seeking comment.

Link to Company News:{NKE US <Equity> CN <GO>}

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.