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Nike’s founder, a Walmart heiress, and the owner of the Dallas Cowboys are among the billionaires bankrolling March Madness Sweet 16 schools

Considering the sports entertainment industry is estimated to be worth $2 trillion, it’s no surprise America’s ultrawealthy are eager to throw money at the nation’s storied college athletics programs.  There is a healthy list of more than a dozen billionaires who are bankrolling the schools in this year’s March Madness tournament. Some of these high-net-worth … Read more

Nike’s (NKE) troubles seem far from over as it gears up for Q3 earnings

Nike, Inc. (NYSE: NKE) is expected to report third-quarter results on March 20, after the close of regular trading. The sneaker giant has adopted a strategy focused on aggressive sports marketing and innovations centered on its sports-led portfolio. While those efforts are expected to drive a turnaround, it may take some time before the company … Read more

How Nike’s new CEO plans to rebound from its worst year ever

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