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Business Wars

Nike vs Adidas - Walking Billboards | 3

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 6 March 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

As long as there have been professional sports, there have been professional athletes, willing to accept money to wear certain brands, but the biggest endorsement deals were only made possible by a mid-20th century invention: the television. Fans realized they could tune in to see their favorite athletes almost any day of the week. Brands realized they just got hundreds of walking billboards showing the capabilities of their athletic gear in action… and it’s a race to see who can reach the world’s best athletes first.


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Transcript

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0:00.0

Hey, prime members, you can listen to business wars, add free on Amazon music.

0:04.6

Download the app today.

0:07.0

It is Fall 1972.

0:15.7

In an office in Romania, a phone is ringing.

0:18.5

It's an office that belongs to the agent of a tennis player named L.A. Nostase, Nasty,

0:24.1

for short.

0:25.6

Starting in the 1960s, Nasty clawed his way to the top of Pro Tennis, beating out the

0:29.9

likes of the American Great Stan Smith, and doing it with his trademark arrogance.

0:35.7

Nasty is cocky and crude, but despite all that, he's also one of the most popular athletes

0:41.9

in the world.

0:43.4

Like a lot of European players, Nasty used to wear a peril made by Adidas, the German-based

0:48.7

sneaker giant.

0:50.1

But more recently, he's taken to sporting a pair of shoes called Match Points, which

0:55.0

are made by a young company out of Oregon in the USA.

0:59.6

Which, as it turns out, is the purpose of this particular call.

1:04.4

Hello?

1:06.2

The caller in his brisk American accent identifies himself as a one-time runner named Phil

1:11.3

Knight, founder of, along with his former track coach Bill Bowerman, a Portland company

1:16.3

called Nike.

1:17.8

Nike is only a few years old, but already by focusing on technical improvements, Nike

1:23.0

has made a big splash on the growing sneaker market, a market that includes, among others,

1:28.0

new balance, deodorant, converse, re-bock, and what Knight likes to call the biggest

...

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