The creator explains why Steph Curry signed a shoe deal with the Chinese brand Li-Ning instead of major brands like Nike or Adidas. He breaks down the market saturation at Nike, listing their extensive roster of star athletes, and argues that Chinese brands offer legacy athletes like Curry more creative control, equity, and a direct line to a massive market. The creator concludes by noting that Curry retains the rights to his own brand logo, solidifying it as a smart business move.
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The only logical choice for Steph was signing with a Chinese brand & today they announced that Li Ning and Steph entered into a ten year deal. This is great for Steph and will allow him to innovate and sign other athletes as his career moves into a new phase.
Nike, adidas, Reebok were never a real option and I explain why 💡
Transcript
Steph Curry's next signature shoe is with not Nike, not Adidas, not New Balance. It's Lining, the Chinese sportswear company that is number two in China best behind Anta, who also has Dwyane Wade and Jimmy Butler. And if this was surprising to you, you must not be following me close enough because I predicted this months ago. This is really Steph's only option outside of starting his own rank, which is really big lift. So why not Nike or Adidas? Let me explain for those of you who will say that Nike fumbled or Adidas missed an opportunity. Nike has an embarrassment of riches. As As somebody who's a brand director in Nike basketball, the biggest quality problem that you have is that you have too many athletes to market and focus and give attention. They have LeBron, Tier, Ja Morant, Wimby, Asia Wilson, Sabrina, Giannis, Caitlin Clark, Devin Booker. They They just signed AJ DeBanta, and they're giving Cade Cunningham his own signature shoe. Brands like Nike and Adidas need young athletes that they sign at the grassroots level and then raise them up. That's where the business opportunity is. But for the Chinese brands, they can work with legacy and aren't so reliant upon the retro model. They are signing more and more athletes, giving them creative control and equity in the company, and they're starting to make some real strides in the American market. And if they don't, they have 1,000,000,000 people in China who will buy the product too. This was really the only viable option for Steph, and and I think it was a good one. Important caveat in closing, he does get to retain the rights to his Curry brand logo and the business, and he will be able to sign other athletes. No word on what that means for DRM Fox. Congrats to Li Ning and Steph on the new partnership.