IAAF president resigns Nike post over protests of conflicts of i - KPTV - FOX 12

IAAF president resigns Nike post over protests of conflicts of interest

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Sebastian Coe is giving up his role as a special adviser to Nike Inc. that left the new president of the IAAF open to accusations that he was vulnerable to conflicts of interest.

Coe told a news conference in Monaco that he felt that "noise" about his ties to Nike were distracting him from his work at the International Association of Athletics Federations.

His long-standing ties to the U.S. sportswear giant have been the focus on intense interest in the British media.

Nike released a statement Thursday expressing disappoint but support for Coe.

Sebastian Coe has informed us that he will no longer be able to play a role as an ambassador for Nike. Seb has been a Nike athlete since the 1970s and we are obviously disappointed, but respect his decision.

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