Nike Gives $13.5 Million for University of Oregon Track Facilities
January 05 2016 - 3:10PM
Dow Jones News
Nike Inc. has pledged $13.5 million toward renovations of track
and field facilities at the University of Oregon, part of an
upgrade that would facilitate the venue's hosting of the 2021 World
Track & Field championships.
The world's largest sportswear maker said it has granted the
first of two installments of $6.75 million to the University of
Oregon Foundation, a nonprofit organization overseeing renovations
to the school's Hayward Field.
Construction is scheduled to begin in August, according to the
foundation's website and includes a design that allows for
temporary seating for as much as 30,000 people, the minimum
required for the world championships. Hayward Field currently seats
10,500.
Nike's contributions to the project in Eugene, Ore., weren't
previously known. Oregon state officials have been working on
proposals to secure state funding for the stadium.
Nike said the second installment of its commitment is contingent
upon further fundraising for the project. A spokesman for the
University of Oregon said "we try not to talk about individual
donors, as a general rule of thumb."
The International Association of Athletics Federations, track
and field's global governing body, awarded the 2021 championships
to Eugene in April following a failed bid by the city five months
earlier to win the 2019 championships.
IAAF's decision came after a surprise executive council vote and
without a formal bid process with multiple candidate cities, which
is customary. IAAF said the decision to award the meet to Eugene
was based on the strength of a unique funding package which
included the state of Oregon, the U.S. Olympic Committee and a
commitment from NBC to produce and broadcast the event.
"We have always been an avid supporter of track & field and
believe that the 2021 World Track & Field Championships taking
place in the U.S.A., for the first time ever, is a positive step
for the sport's continued growth," the company said. Nike said it
isn't an IAAF sponsor and was "not party to the bid or the decision
to award 2021 to Eugene."
Jackie Brock-Doyle, a spokeswoman for IAAF President Sebastian
Coe, said neither the IAAF nor Mr. Coe were aware that Nike was a
leading source of private funding for the stadium project. She said
the stadium renovation wasn't considered part of Eugene's bid.
Mr. Coe, a two-time Olympic champion runner for Great Britain,
was vice president of the IAAF from 2007 until his appointment as
president in September. He simultaneously had served as a
consultant to Nike from 2013 until November 2015, when he resigned
his role as a Nike ambassador.
An IAAF spokesman said the Eugene proposal made clear "the
stadium development was going ahead whether 2019 or 2021 was
successful, it was only the [seating] capacity necessary for a
world championships which was in question."
Nike has for decades had close ties to the University of Oregon,
having been founded by the late university track coach Bill
Bowerman and alumnus Phil Knight, the company's current chairman
and a longtime donor to the school.
Write to Sara Germano at sara.germano@wsj.com
(END) Dow Jones Newswires
January 05, 2016 14:55 ET (19:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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