Does the Adidas Scandal Point to Larger Corruption in College Sports?
![Does the Adidas Scandal Point to Larger Corruption in College Sports? Does the Adidas Scandal Point to Larger Corruption in College Sports?](http://g.foolcdn.com/editorial/images/459521/if_consumer.jpg)
Adidas (NASDAQOTH: ADDYY) has made a decided push to gain sneaker market share in North America against dominant competitor Nike (NYSE: NKE) and upstart sportswear challenger Under Armour. Yet the company finds itself embroiled in a college basketball scandal, with one of its senior executives named in a criminal complaint after allegedly steering money to the family of a highly-prized high school recruit.
On this episode of Industry Focus: Consumer Goods, the cast discusses the unsavory dealings that often seem to come to light when global sports brands pursue opportunities in college athletics.
A full transcript follows the video.
Source: Fool.com
Nike Inc. B Stock
With 62 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 59.84% compared to the current price of 68.82 € for Nike Inc. B.