Nike had absolutely no credit in the basketball world

Air Jordan 1 Low Chinese New Year” Before 1984 Nike had absolutely no credit in the basketball world, in fact it faced jeopardy from the fast paced sportswear market in general. They basically needed a way in which to reinvent themselves in order to appeal to the market once again, which is how the business relationship with Michael Jordan first came about. Nike saw an opportunity in Jordan and as a result signed a $2.5 million deal with him for five years; Nike now stands as the most popular athletic shoe company in existence.

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