"Nike is ready to depart the soccer business. Not the seeminglyrecession-proof and lucrative global market for jerseys, shoes and other gear. Instead, Nike has put up for sale its 100 percent ownership of United Soccer Leagues.
U.S.L., the conglomeration of six leagues (with teams in the United States, Canada and Puerto Rico), was founded in 1986 and was owned by Umbro, the British sporting goods company, until Nike bought Umbro in 2007 for $582 million. In addition to inheriting Umbro’s role as the uniform supplier for national teams like England and Sweden, and a handful of clubs in the English Premier League, Nike also became the sole owner of U.S.L.
But Nike has decided that being the owner of the league does not fit with its core business."
Reference Full Article at: http://www.nytimes.com/2009/08/25/sports/soccer/25goal.html?scp=2&sq=Nike&st=cse
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