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Business Movers

Becoming Nike | Jordan | 4

Business Movers

Wondery

History, Business, Entrepreneurship

4.81.5K Ratings

🗓️ 18 May 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Phil sets Nike on the path to becoming a billion-dollar company by signing the most successful sports endorsement deal in history.

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Transcript

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0:00.0

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0:23.0

It's March 1981, inside the Memorial Coliseum Sports Arena in Portland, Oregon.

0:29.0

Forty-three-year-old Phil Knight, the president of Knight, sits courtside with his wife Penny.

0:34.0

Phil holds his head in his hands as he watches frustrated, as the Los Angeles Lakers dominate the Portland Trail Blazers.

0:41.0

It's the fourth quarter and the Lakers are stretching out a lead. Phil stands and shouts.

0:46.0

Come on Blazers, they're playing you up the court.

0:49.0

Phil's wife Penny pulls her husband back into his chair, hats him on the shoulder and tries to cheer him up.

0:55.0

Don't take the game so bad, honey. The Blazers are already in the playoffs, this is a meaningless game.

1:00.0

It's not the game that's annoying me.

1:03.0

Phil gestures to the court as Lakers star Karim Habool-Jabar soars through the air and dunks ball before landing gracefully.

1:11.0

The three stripes on Habool-Jabar shoes catch Phil's eye as the star center retreats back for the next play.

1:17.0

Phil throws his arms in the air and disgust.

1:20.0

Damn Karim and his damn Adidas.

1:23.0

Oh, so he wears Adidas, so what?

1:25.0

You're never gonna get every player in Nike's.

1:27.0

I know that Penny, but Karim is the biggest name in the lead.

1:30.0

He has a whole line of Adidas shoes named after him and it's just a reminder that Adidas is still bigger and better than us.

1:37.0

Why don't you sign him tonight?

1:39.0

He's too expensive.

1:40.0

Do you know how much money Adidas pays him?

1:42.0

Well, don't be a penny pincher Phil.

1:44.0

Nike just went public.

...

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