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Wow, did Nike really buy Jordan? That’s crazy! It’s no secret that Nike and Michael Jordan have had a long-standing relationship, but to actually buy him out? That’s a whole new ball game. It looks like Nike is taking their partnership to the next level and it’ll be interesting to see what this means for the future of both brands.
Did Nike Buy Jordan? [Solved]
Jordan was a risky bet for Nike, but they took a chance on him and it paid off big time. He was an instant success, making the All-Star team and All-NBA Second Team in his first season, plus he won Rookie of the Year. It was a huge win for Nike - they’d struck gold with Jordan!
In 1984, Nike signed a five-year contract with Michael Jordan to become the face of their brand.
The deal included royalties for Jordan on all products sold with his name or likeness, as well as a signature shoe line that would later become known as Air Jordans.
The success of the Air Jordan line helped propel Nike to become one of the most recognizable brands in the world and made Michael Jordan one of the most famous athletes in history.
While Nike did not technically buy out Michael Jordan, they have had an exclusive partnership since 1984 and continue to benefit from his name and likeness today.
Nike sure did! They snapped up Jordan back in 1984, and the rest is history. It’s been a match made in heaven ever since - Nike’s got the swoosh, and Jordan’s got the jump shot. It’s been a win-win for both of ’em!
