Nike Share Value Drops After Basketball Star's Sneaker Rip Open
It was amazing how Duke University player Zion Williamson's Nike trainers got ripped open in less than a minutes into the game between his team and North Carolina.
Zion was attempting a move on his opponent just beyond the three-point range when his trainers torn and sustained an injury as a result of that.
The trainers reportedly cost $110 (£85) and it is Nike (not compulsory the PG 2.5 Zion wore) the University players have to wear because of the deal the footwear maker has with the college.
The 18-year-old was ruled out for knee injury he sustained from the accident and Nike have issued a statement in response to what happened.
"We are obviously concerned and want to wish Zion a speedy recovery," the statement read and assured their customers that they looking into what could have been the cause.
According to Business Insider, the capital market did not treat the incident likely as Nike share value dropped by 1.6% in pre-market trading on Thursday morning.
Former United States President, Mr Barack Obama,who was in attendance during the match and LeBron James wish the Zion speedy recovery in their condolences.
Zion was attempting a move on his opponent just beyond the three-point range when his trainers torn and sustained an injury as a result of that.
The trainers reportedly cost $110 (£85) and it is Nike (not compulsory the PG 2.5 Zion wore) the University players have to wear because of the deal the footwear maker has with the college.
The 18-year-old was ruled out for knee injury he sustained from the accident and Nike have issued a statement in response to what happened.
"We are obviously concerned and want to wish Zion a speedy recovery," the statement read and assured their customers that they looking into what could have been the cause.
According to Business Insider, the capital market did not treat the incident likely as Nike share value dropped by 1.6% in pre-market trading on Thursday morning.
Former United States President, Mr Barack Obama,who was in attendance during the match and LeBron James wish the Zion speedy recovery in their condolences.
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